State of Connecticut

Notes to the Financial Statements

June 30, 2010

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 $1,393,950 $168,649 $549 $1,562,050
Construction in Progress 1,352,502 865,112 498,237 1,719,377
Total Capital Assets not being Depreciated 2,746,452 1,033,761 498,786 3,281,427
Other Capital Assets:
Buildings 2,882,181 323,408 31,070 3,174,519
Improvements Other than Buildings 470,170 3,020 1,766 471,424
Equipment 1,750,385 129,865 229,611 1,650,639
Infrastructure 12,266,463 289,318 - 12,555,781
Total Other Capital Assets at Historical Cost 17,369,199 745,611 262,447 17,852,363
Less: Accumulated Depreciation For:
Buildings 1,673,310 79,363 31,070 1,721,603
Improvements Other than Buildings 248,286 23,750 1,766 270,270
Equipment 1,541,821 294,753 229,611 1,606,963
Infrastructure 6,457,874 507,228 - 6,965,102
Total Accumulated Depreciation 9,921,291 905,094 * 262,447 10,563,938
Other Capital Assets, Net 7,447,908 (159,483) - 7,288,425
Governmental Activities, Capital Assets, Net $10,194,360 $874,278 $498,786 $10,569,852

(1) Restated - See Note No. 23
* Depreciation expense was charged to functions as follows:

Governmental Activities:
Legislative $5,879
General Government 49,749
Regulation and Protection 32,794
Conservation and Development 15,279
Health and Hospitals 14,656
Transportation 652,918
Human Services 2,207
Education, Libraries and Museums 41,731
Corrections 49,909
Judicial 23,111
Capital assets held by the government's internal
service funds are charged to the various functions
based on the usage of the assets 16,861
Total Depreciation Expense $905,094

Beginning Ending
Balance Additions Retirements Balance
Business-Type Activities
Capital Assets not being Depreciated:
Land $59,628 $- $1 $59,627
Construction in Progress 193,135 99,765 98,760 194,140
Total Capital Assets not being Depreciated 252,763 99,765 98,761 253,767
Capital Assets being Depreciated:
Buildings 3,783,753 161,517 1,579 3,943,691
Improvements Other Than Buildings 494,703 25,244 447 519,500
Equipment 939,157 58,901 39,840 958,218
Total Other Capital Assets at Historical Cost 5,217,613 245,662 41,866 5,421,409
Less: Accumulated Depreciation For:
Buildings 1,291,005 123,917 823 1,414,099
Improvements Other Than Buildings 243,430 21,920 44 265,306
Equipment 584,386 68,100 38,239 614,247
Total Accumulated Depreciation 2,118,821 213,937 39,106 2,293,652
Other Capital Assets, Net 3,098,792 31,725 2,760 3,127,757
Business-Type Activities, Capital Assets, Net $3,351,555 $131,490 $101,521 $3,381,524

Component Units
Capital assets of the component units consisted of the following as of June 30, 2010 (amounts in thousands):

Land $29,031
Buildings 320,700
Improvements other than Buildings 3,067
Machinery and Equipment 415,139
Construction in Progress 14,670
Total Capital Assets 782,607
Accumulated Depreciation (353,954)
Capital Assets, net $428,653