Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2004 Basic FINANCIAL STATEMENTS - Notes To Financial Statements - Note 10 - Capital Assets

State of Connecticut

Note 10 Capital Assets

Capital asset activity for the year was as follows:

Beginning Ending
Balance Additions Retirements Balance
Governmental Activities
Capital Assets not being Depreciated:
Land $ 911,754 $ 28,160 $ 4,955 $ 934,959
Construction in Progress-Infrastructure 1,276,607 383,532 324,706 1,335,433
Construction in Progress 530,693 107,895 302,086 336,502
Total Capital Assets not being Depreciated 2,719,054 519,587 631,747 2,606,894
Other Capital Assets:
Buildings 2,539,216 225,317 7,483 2,757,050
Improvements Other than Buildings 311,390 90,954 275 402,069
Equipment 1,353,217 162,541 211,481 1,304,277
Infrastructure 9,217,408 324,706 - 9,542,114
Total Other Capital Assets at Historical Cost 13,421,231 803,518 219,239 14,005,510
Less: Accumulated Depreciation For:
Buildings 1,659,297 68,926 7,483 1,720,740
Improvements Other than Buildings 248,218 20,283 275 268,226
Equipment 894,755 175,185 211,481 858,459
Infrastructure 3,735,656 410,456 - 4,146,112
Total Accumulated Depreciation 6,537,926 674,850 * 219,239 6,993,537
Other Capital Assets, Net 6,883,305 128,668 - 7,011,973
Governmental Activities, Capital Assets, Net $ 9,602,359 $ 648,255 $ 631,747 $ 9,618,867
* Depreciation expense was charged to functions as follows:
Governmental Activities:
Legislative $ 4,902
General Government 32,166
Regulation and Protection 30,426
Conservation and Development 10,504
Health and Hospitals 12,079
Transportation 481,186
Human Services 3,009
Education, Libraries and Museums 32,739
Corrections 33,175
Judicial 14,417
Capital assets held by the government's internal
service funds are charged to the various functions
based on the usage of the assets 20,247
Total Depreciation Expense $ 674,850

Beginning Ending
Balance Additions Retirements Balance
Business-Type Activities
Capital Assets not being Depreciated:
Land $ 44,774 $ 7,345 $ 210 $ 51,909
Construction in Progress 285,139 185,980 177,695 293,424
Total Capital Assets not being Depreciated 329,913 193,325 177,905 345,333
Capital Assets being Depreciated:
Buildings 2,400,582 293,755 9,323 2,685,014
Improvements Other Than Buildings 361,994 32,362 1,156 393,200
Equipment 718,721 68,905 37,851 749,775
Total Other Capital Assets at Historical Cost 3,481,297 395,022 48,330 3,827,989
Less: Accumulated Depreciation For:
Buildings 694,516 79,484 5,278 768,722
Improvements Other Than Buildings 131,946 15,809 100 147,655
Equipment 363,210 56,275 19,497 399,988
Total Accumulated Depreciation 1,189,672 151,568 24,875 1,316,365
Other Capital Assets, Net 2,291,625 243,454 23,455 2,511,624
Business-Type Activities, Capital Assets, Net $ 2,621,538 $ 436,779 $ 201,360 $ 2,856,957

Component Units

Capital assets of the component units consisted of the following as of June 30, 2004:

Land $ 27,774
Buildings 197,211
Improvements other than Buildings 1,591
Machinery and Equipment 237,181
Construction in Progress 501
Total Capital Assets 464,258
Accumulated Depreciation (236,332)
Capital Assets, net $ 227,926