Notes to the Financial Statements
June 30, 2011
Note 11 Capital Assets
Capital asset activity for the year was as follows (amounts in thousands):
| Beginning | Ending | ||||
|---|---|---|---|---|---|
| Balance | Additions | Retirements | Balance | ||
| Governmental Activities | |||||
| Capital Assets not being Depreciated: | |||||
| Land | $1,562,050 | $32,770 | $16 | $1,594,804 | |
| Construction in Progress | 1,719,377 | 1,064,125 | 443,349 | 2,340,153 | |
| Total Capital Assets not being Depreciated | 3,281,427 | 1,096,895 | 443,365 | 3,934,957 | |
| Other Capital Assets: | |||||
| Buildings | 3,174,519 | 105,098 | 3,730 | 3,275,887 | |
| Improvements Other than Buildings | 471,424 | 9,122 | 9,255 | 471,291 | |
| Equipment | 1,650,639 | 332,520 | 75,633 | 1,907,526 | |
| Infrastructure | 12,555,781 | 99,941 | - | 12,655,722 | |
| Total Other Capital Assets at Historical Cost | 17,852,363 | 546,681 | 88,618 | 18,310,426 | |
| Less: Accumulated Depreciation For: | |||||
| Buildings | 1,721,603 | 81,509 | 3,730 | 1,799,382 | |
| Improvements Other than Buildings | 270,270 | 33,698 | 9,255 | 294,713 | |
| Equipment | 1,606,963 | 222,838 | 75,633 | 1,754,168 | |
| Infrastructure | 6,965,102 | 507,720 | - | 7,472,822 | |
| Total Accumulated Depreciation | 10,563,938 | 845,765 * | 88,618 | 11,321,085 | |
| Other Capital Assets, Net | 7,288,425 | (299,084) | - | 6,989,341 | |
| Governmental Activities, Capital Assets, Net | $10,569,852 | $797,811 | $443,365 | $10,924,298 |
* Depreciation expense was charged to functions as follows:
| Governmental Activities: | |
|---|---|
| Legislative | $6,331 |
| General Government | 50,086 |
| Regulation and Protection | 32,446 |
| Conservation and Development | 15,773 |
| Health and Hospitals | 14,719 |
| Transportation | 598,599 |
| Human Services | 2,196 |
| Education, Libraries and Museums | 42,117 |
| Corrections | 50,656 |
| Judicial | 23,253 |
| Capital assets held by the government's internal | |
| service funds are charged to the various functions | |
| based on the usage of the assets | 9,589 |
| Total Depreciation Expense | $845,765 |
| Beginning | Ending | |||
|---|---|---|---|---|
| Balance | Additions | Retirements | Balance | |
| Business-Type Activities | ||||
| Capital Assets not being Depreciated: | ||||
| Land | $59,627 | $5,194 | $151 | $64,670 |
| Construction in Progress | 194,140 | 178,527 | 77,179 | 295,488 |
| Total Capital Assets not being Depreciated | 253,767 | 183,721 | 77,330 | 360,158 |
| Capital Assets being Depreciated: | ||||
| Buildings | 3,943,691 | 109,141 | 2,378 | 4,050,454 |
| Improvements Other Than Buildings | 519,500 | 13,651 | 206 | 532,945 |
| Equipment | 958,218 | 71,182 | 74,838 | 954,562 |
| Total Other Capital Assets at Historical Cost | 5,421,409 | 193,974 | 77,422 | 5,537,961 |
| Less: Accumulated Depreciation For: | ||||
| Buildings | 1,414,099 | 122,499 | 1,532 | 1,535,066 |
| Improvements Other Than Buildings | 265,306 | 21,053 | 191 | 286,168 |
| Equipment | 614,247 | 67,777 | 73,217 | 608,807 |
| Total Accumulated Depreciation | 2,293,652 | 211,329 | 74,940 | 2,430,041 |
| Other Capital Assets, Net | 3,127,757 | (17,355) | 2,482 | 3,107,920 |
| Business-Type Activities, Capital Assets, Net | $3,381,524 | $166,366 | $79,812 | $3,468,078 |
Component Units
Capital assets of the component units consisted of the following as of June 30,
2011 (amounts in thousands):
| Land | $29,031 |
| Buildings | 358,787 |
| Improvements other than Buildings | 2,697 |
| Machinery and Equipment | 423,368 |
| Construction in Progress | 20,896 |
| Total Capital Assets | 834,779 |
| Accumulated Depreciation | 417,206 |
| Capital Assets, net | $417,573 |