State of Connecticut

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