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 |