Notes to the Financial Statements

June 30, 2014

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    $1,666,409   $22,713    $2,589    $1,686,533
Construction in Progress    2,999,504   1,766,755    1,301,202    3,465,057
Total Capital Assets not being Depreciated    4,665,913   1,789,468    1,303,791    5,151,590
Other Capital Assets:             
Buildings    3,616,027   444,889    55,042    4,005,874
Improvements Other than Buildings 490,508  24,200 71,674 443,034
Equipment    2,312,058   368,822    132,628    2,548,252
Infrastructure    13,653,034   253,432    81,818    13,824,648
Total Other Capital Assets at Historical Cost    20,071,627   1,091,343    341,162    20,821,808
Less: Accumulated Depreciation For:             
Buildings    1,726,962   100,145    55,042    1,772,065
Improvements Other than Buildings    334,919   22,005    71,674    285,250
Equipment    2,235,366   373,144    132,628    2,475,882
Infrastructure    8,453,483   528,911    81,818    8,900,576
Total Accumulated Depreciation    12,750,730   1,024,205    341,162    13,433,773
Other Capital Assets, Net    7,320,897   67,138    -    7,388,035
Governmental Activities, Capital Assets, Net   $11,986,810  $1,856,606  $1,303,791  $12,539,625
* Depreciation expense was charged to functions as follows:
Governmental Activities:
Legislative    $6,167
General Government    37,285
Regulation and Protection    42,165
Conservation and Development    17,073
Health and Hospitals    15,457
Transportation    784,351
Human Services    2,580
Education, Libraries and Museums    49,460
Corrections    33,842
Judicial    22,041
Capital assets held by the government's internal  service funds are charged to the various functions    

 

based on the usage of the assets    13,784
Total Depreciation Expense    $1,024,205
         
   Beginning          Ending
   Balance    Additions    Retirements    Balance
Business-Type Activities             
Capital Assets not being Depreciated:             
Land    $67,011   $1,572    $795    $67,788
Construction in Progress    407,953   337,816    235,149    510,620
Total Capital Assets not being Depreciated    474,964   339,388    235,944    578,408
Capital Assets being Depreciated:             
Buildings    4,215,619   311,161    24,694    4,502,086
Improvements Other Than Buildings    342,182   21,140    176    363,146
Equipment    975,753   65,622    72,440    968,935
Total Other Capital Assets at Historical Cost    5,533,554   397,923    97,310    5,834,167
Less: Accumulated Depreciation For:             
Buildings    1,667,925   133,032    5,913    1,795,044
Improvements Other Than Buildings    177,805   14,389    206    191,988
Equipment    644,562   66,151    66,374    644,339
Total Accumulated Depreciation    2,490,292   213,572    72,493    2,631,371
Other Capital Assets, Net    3,043,262    184,351    24,817    3,202,796
Business-Type Activities, Capital Assets, Net    $3,518,226   $523,739    $260,761    $3,781,204
 

Component Units
Capital assets of the component units consisted of the following as of June 30, 2014 (amounts in thousands):

Land    $54,430
Buildings    661,379
Improvements other than Buildings    309,992
Machinery and Equipment    498,757
Construction in Progress    41,370
Total Capital Assets    1,565,928
Accumulated Depreciation    814,572
Capital Assets, Net    $751,356