NOTE 11 OTHER ASSETS AND LIABILITIES

The following table summarizes the significant components of Prepaid expenses and other assets:

	December 31,
	2014		2013
	(In thousands)
Special Improvement District receivable	$	33,318	$	39,688
Equipment, net of accumulated depreciation of $2.4 million and $0.7 million, respectively		20,284		21,978
Tenant incentives and other receivables		14,264		6,757
Federal income tax receivable		8,629		6,053
Prepaid expenses		9,196		4,744
Below-market ground leases (Note 12)		19,663		20,002
Condominium deposits		151,592		12,405
Security and escrow deposits		9,829		28,082
Above-market tenant leases (Note 12)		4,656		1,095
Uncertain tax position asset		383		13,528
In-place leases (Note 12)		32,715		9,306
Intangibles		3,593		3,714
Other		2,014		6,588
	$	310,136	$	173,940

The $136.2 million increase as of December 31, 2014 compared to 2013 primarily relates to a $139.2 million increase in condominium deposits at Ward Village, $23.4 million increase in acquired in-place leases primarily attributable to our acquisition of the 10-60 Columbia Corporate Center buildings and 1701 Lake Robbins in 2014 and $7.5 million increase in tenant incentives and other receivables primarily relating to newly executed leases at Downtown Summerlin and Outlet Collection at Riverwalk. These increases are offset by a decrease of $18.3 million in security and escrow deposits primarily related to our acquisition of 80 South Street and $13.1 million decrease in uncertain tax position related to a tax benefit for the interest paid to the Internal Revenue Service related to the Tax Court Ruling.

The following table summarizes the significant components of Accounts payable and accrued expenses:


	December 31,
	2014		2013
	(In thousands)
Construction payables	$	170,935	$	106,741
Accounts payable and accrued expenses		34,154		44,798
Condominium deposits		82,150		12,405
Membership deposits		21,023		19,665
Above-market ground leases (Note 12)		2,272		2,431
Deferred income		65,675		26,328
Accrued interest		14,791		17,463
Accrued real estate taxes		9,903		8,581
Tenant and other deposits		12,756		9,490
Accrued payroll and other employee liabilities		25,838		15,666
Interest rate swaps		3,144		4,164
Special Assessment		2,326		2,603
Other		21,050		13,656
	$	466,017	$	283,991

The $182.0 million increase as of December 31, 2014 compared to 2013 is primarily due to the increase of $69.7 million in condominium deposits for the two new market rate towers at Ward Village, a $64.2 million increase in construction payables primarily due to increased development activities at Downtown Summerlin, Ward Village, and the Outlet Collection at Riverwalk, $46.7 million increase in deferred income primarily due to increased land sales and the deferral of a portion of the income for post‑sale land development obligations at our Summerlin MPC, and $10.2 million increase in accrued payroll and other employee liabilities due to increased headcount and compensation costs. These increases are offset by a $3.8 million decrease in membership deposits at the Club at Carlton Woods.