Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2006 BASIC FINANCIAL STATEMENTS - Notes To Financial Statements - Note 10 Capital Assets

State of Connecticut

Notes to the Financial Statements

June 30, 2006

Note 10 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 $1,263,767 $45,453 $14,604 $1,294,616
Construction in Progress 1,381,117 639,933 362,355 1,658,695
Total Capital Assets not being Depreciated 2,644,884 685,386 376,959 2,953,311
Other Capital Assets:
Buildings 2,793,557 162,240 187,333 2,768,464
Improvements Other than Buildings 489,328 17,370 56,899 449,799
Equipment 1,322,242 151,648 88,339 1,385,551
Infrastructure 9,929,096 148,924 - 10,078,020
Total Other Capital Assets at Historical Cost 14,534,223 480,182 332,571 14,681,834
Less: Accumulated Depreciation For:
Buildings 1,747,643 69,211 187,333 1,629,521
Improvements Other than Buildings 292,059 22,502 56,899 257,662
Equipment 933,301 150,180 88,339 995,142
Infrastructure 4,565,785 432,442 - 4,998,227
Total Accumulated Depreciation 7,538,788 674,335 * 332,571 7,880,552
Other Capital Assets, Net 6,995,435 (194,153) - 6,801,282
Governmental Activities, Capital Assets, Net $9,640,319 $491,233 $376,959 $9,754,593

* Depreciation expense was charged to functions as follows:

Governmental Activities:
Legislative $4,839
General Government 36,424
Regulation and Protection 22,537
Conservation and Development 10,186
Health and Hospitals 12,118
Transportation 488,272
Human Services 2,289
Education, Libraries and Museums 34,156
Corrections 30,569
Judicial 14,034
Capital assets held by the government's internal
service funds are charged to the various functions
based on the usage of the assets 18,911
Total Depreciation Expense $674,335

Beginning Ending
Balance Additions Retirements Balance
Business-Type Activities
Capital Assets not being Depreciated:
Land $63,852 $- $4,538 $59,314
Construction in Progress 303,000 107,949 235,500 175,449
Total Capital Assets not being Depreciated 366,852 107,949 240,038 234,763
Capital Assets being Depreciated:
Buildings 2,958,232 333,657 2,947 3,288,942
Improvements Other Than Buildings 423,438 59,207 32 482,613
Equipment 791,484 76,234 26,553 841,165
Infrastructure 281 - 281 -
Total Other Capital Assets at Historical Cost 4,173,435 469,098 29,813 4,612,720
Less: Accumulated Depreciation For:
Buildings 860,709 102,381 3,502 959,588
Improvements Other Than Buildings 165,330 21,032 - 186,362
Equipment 439,619 59,086 22,365 476,340
Total Accumulated Depreciation 1,465,658 182,499 25,867 1,622,290
Other Capital Assets, Net 2,707,777 286,599 3,946 2,990,430
Business-Type Activities, Capital Assets, Net $3,074,629 $394,548 $243,984 $3,225,193

Component Units
Capital assets of the component units consisted of the following as of June 30, 2006 (amounts in thousands):

Land $28,625
Buildings 466,058
Improvements other than Buildings 2,703
Machinery and Equipment 251,343
Construction in Progress 121
Total Capital Assets 748,850
Accumulated Depreciation (286,210)
Capital Assets, net $462,640