STATE OF CONNECTICUT Comprehensive Annual Financial Report - Notes to the Financial Statements - Note 8 - Property, Plant, and Equipment

State of Connecticut

June 30,1996
(Amounts in thousands unless otherwise stated)

Note 8

PROPERTY, PLANT, AND EQUIPMENT

(1) A summary of changes in general fixed assets is as follows:

Balance
7/1/95
AdditionsRetirementsBalance
(6/30/96)
Land $326,707 $6,910 $9,170 $324,447
Buildings 1,753,888 170,254 74,668 1,849,474
Improvements Other Than Buildings 179,512 22,488 164 201,836
Machinery and Equipment 924,827 76,109 60,078 940,858
Construction in Progress 397,048 118,139 329,031 186,156
Total $3,581,982 $393,900 $473,111 $3,502,771

(2) Property, plant, and equipment for the primary government and its component units consisted of the following as of June 30, 1996:

Primary Government
EnterpriseInternal ServiceHigher Education and University HospitalTotalComponent Units
Land $2,657 $- $39,059 $41,716 $21,937
Buildings 70,562 - 1,051,145 1,085,707 169,425
Improvements Other Than Buildings 114,246 107 81,689 196,042 85
Machinery and Equipment 8,270 119,477 522,702 650,449 179,199
Construction in Progress 1,439 - 34,954 36,393 527
Subtotal $197,174 $119,584 $1,693,549 $2,010,307 $371,173
Less: Accumulated Depreciation 59,623 72,391 - 32,014 109,929
Total $137,551 $47,193 $1,693,549 $1,878,293 $261,244

In proprietary and component units funds, the following estimated useful lives are used to compute depreciation: Buildings 10-40 years; Land Improvements 20-50 years; Machinery and Equipment 2-21 years.

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