Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2015 BASIC FINANCIAL STATEMENTS - Notes To Financial Statements - Note 9 Capital Assets

Notes to the Financial Statements

June 30, 2015

Note 9 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    $1,686,533    $23,006    $522    $1,709,017
Construction in Progress    3,465,057    1,130,658    930,875    3,664,840
Total Capital Assets not being Depreciated    5,151,590    1,153,664    931,397    5,373,857
Capital Assets being Depreciated:             
Buildings    4,005,874    378,146    87,319    4,296,701
Improvements Other than Buildings    443,034    21,624    1,632    463,026
Equipment    2,548,252    304,468    116,516    2,736,204
Infrastructure    13,824,648    482,714    -    14,307,362
Total Other Capital Assets being Depreciated    20,821,808    1,186,952    205,467    21,803,293
Less: Accumulated Depreciation For:             
Buildings    1,772,065    107,415    87,319    1,792,161
Improvements Other than Buildings    285,250    22,992    1,632    306,610
Equipment    2,475,882    315,104    116,516    2,674,470
Infrastructure    8,900,576    472,092    -    9,372,668
Total Accumulated Depreciation    13,433,773    917,603    205,467    14,145,909
Other Capital Assets, Net    7,388,035    269,349    -    7,657,384
Governmental Activities, Capital Assets, Net    $12,539,625    $1,423,013    $931,397    $13,031,241
         
* Depreciation expense was charged to functions as follows:        
       
Governmental Activities:           
Legislative    $5,634        
General Government    53,264        
Regulation and Protection    33,959        
Conservation and Development    14,048        
Health and Hospitals    13,884        
Transportation    666,663        
Human Services    1,852         
Education, Libraries and Museums    42,467        
Corrections    51,891        
Judicial    18,958        
Capital assets held by the government's internal           
service funds are charged to the various functions           
based on the usage of the assets    14,983        
Total Depreciation Expense    $917,603        
         
  Beginning         Ending
   Balance    Additions    Retirements    Balance
Business-Type Activities             
Capital Assets not being Depreciated:             
Land    $67,788   $286  $2    $68,072
Construction in Progress    510,620    476,775    270,224    717,171
Total Capital Assets not being Depreciated    578,408    477,061    270,226    785,243
Capital Assets being Depreciated:            
Buildings    4,502,086    307,364    22,503    4,786,947
Improvements Other Than Buildings    363,146    10,351    210    373,287
Equipment    968,935    82,540    56,264    995,211
Infrastructure    -    -    -    -
Total Other Capital Assets being Depreciated    5,834,167    400,255    78,977    6,155,445
Less: Accumulated Depreciation For:            
Buildings    1,795,044    139,742    15,556    1,919,230
Improvements Other Than Buildings    191,988    15,123    24    207,087
Equipment    644,339    67,902    49,315    662,926
Total Accumulated Depreciation    2,631,371    222,767    64,895    2,789,243
Other Capital Assets, Net    3,202,796    177,488    14,082    3,366,202
Business-Type Activities, Capital Assets, Net    $3,781,204    $654,549    $284,308    $4,151,445

Component Units
Capital assets of the component units consisted of the following as of June 30, 2015 (amounts in thousands):

Land    $58,225
Buildings    724,863
Improvements other than Buildings    321,925
Machinery and Equipment    534,498
Construction in Progress    17,558
Total Capital Assets    1,657,069
Accumulated Depreciation    858,467
Capital Assets, Net    $798,602

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