State of Connecticut

Notes to the Financial Statements

June 30, 2009

Note 10 Capital Assets

Capital asset activity for the year was as follows (amounts in thousands):

  Beginning Ending
Balance (1) Additions Retirements Balance
Governmental Activities
Capital Assets not being Depreciated:
Land $ 1,399,842 $ 948,028 $ 53,307 $ 2,294,563
Construction in Progress 1,342,448 809,315 814,600 1,337,163
Total Capital Assets not being Depreciated 2,742,290 1,757,343 867,907 3,631,726
Other Capital Assets:
Buildings 2,754,166 164,332 36,317 2,882,181
Improvements Other than Buildings 463,726 72,192 65,748 470,170
Equipment 1,718,326 144,367 140,825 1,721,868
Infrastructure 11,629,766 647,748 - 12,277,514
Total Other Capital Assets at Historical Cost 16,565,984 1,028,639 242,890 17,351,733
Less: Accumulated Depreciation For:
Buildings 1,637,572 72,055 36,317 1,673,310
Improvements Other than Buildings 290,342 23,692 65,748 248,286
Equipment 1,381,206 287,552 140,825 1,527,933
Infrastructure 5,971,020 487,357 - 6,458,377
Total Accumulated Depreciation 9,280,140 870,656 * 242,890 9,907,906
Other Capital Assets, Net 7,285,844 157,983 - 7,443,827
Governmental Activities, Capital Assets, Net $ 10,028,134 $ 1,915,326 $ 867,907 $ 11,075,553
(1) Restated. See Note No. 22.
* Depreciation expense was charged to functions as follows:
Governmental Activities:
Legislative $ 5,918
General Government 61,532
Regulation and Protection 30,807
Conservation and Development 15,699
Health and Hospitals 14,393
Transportation 611,681
Human Services 2,282
Education, Libraries and Museums 36,551
Corrections 51,002
Judicial 22,099
Capital assets held by the government's internal
service funds are charged to the various functions
based on the usage of the assets 18,692
Total Depreciation Expense $ 870,656

 

Beginning Ending
Balance (1) Additions Retirements Balance
Business-Type Activities
Capital Assets not being Depreciated:
Land $ 59,969 $ - $ 341 $ 59,628
Construction in Progress 249,661 61,974 118,500 193,135
Total Capital Assets not being Depreciated 309,630 61,974 118,841 252,763
Capital Assets being Depreciated:
Buildings 3,583,211 208,005 7,463 3,783,753
Improvements Other Than Buildings 472,244 22,461 2 494,703
Equipment 930,661 69,349 60,853 939,157
Infrastructure - - - -
Total Other Capital Assets at Historical Cost 4,986,116 299,815 68,318 5,217,613
Less: Accumulated Depreciation For:
Buildings 1,177,411 119,113 5,519 1,291,005
Improvements Other Than Buildings 222,742 20,688 - 243,430
Equipment 569,643 65,551 50,808 584,386
Total Accumulated Depreciation 1,969,796 205,352 56,327 2,118,821
Other Capital Assets, Net 3,016,320 94,463 11,991 3,098,792
Business-Type Activities, Capital Assets, Net $ 3,325,950 $ 156,437 $ 130,832 $ 3,351,555

Component Units
Capital assets of the component units consisted of the following as of June 30, 2009 (amounts in thousands):

Land $ 29,031
Buildings 8,881
Improvements other than Buildings 2,851
Machinery and Equipment 724,056
Construction in Progress 14,226
Total Capital Assets 779,045
Accumulated Depreciation (336,454)
Capital Assets, net $ 442,591