Notes to the Financial Statements
June 30, 2007
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 | $ 1,294,616 | $ 59,510 | $ 41 | $ 1,354,085 | |
| Construction in Progress | 1,658,695 | 572,963 | 271,483 | 1,960,175 | |
| Total Capital Assets not being Depreciated | 2,953,311 | 632,473 | 271,524 | 3,314,260 | |
| Other Capital Assets: | |||||
| Buildings | 2,768,464 | 19,972 | 391 | 2,788,045 | |
| Improvements Other than Buildings | 449,799 | 6,154 | 730 | 455,223 | |
| Equipment | 1,385,551 | 232,130 | 120,992 | 1,496,689 | |
| Infrastructure | 10,078,020 | 365,297 | - | 10,443,317 | |
| Total Other Capital Assets at Historical Cost | 14,681,834 | 623,553 | 122,113 | 15,183,274 | |
| Less: Accumulated Depreciation For: | |||||
| Buildings | 1,629,521 | 69,702 | 391 | 1,698,832 | |
| Improvements Other than Buildings | 257,662 | 22,936 | 730 | 279,868 | |
| Equipment | 995,142 | 244,001 | 120,992 | 1,118,151 | |
| Infrastructure | 4,998,227 | 450,472 | - | 5,448,699 | |
| Total Accumulated Depreciation | 7,880,552 | 787,111 | * | 122,113 | 8,545,550 |
| Other Capital Assets, Net | 6,801,282 | (163,558) | - | 6,637,724 | |
| Governmental Activities, Capital Assets, Net | $ 9,754,593 | $ 468,915 | $ 271,524 | $ 9,951,984 |
* Depreciation expense was charged to functions as follows:
| General Government | 32,535 |
| Regulation and Protection | 17,533 |
| Conservation and Development | 14,344 |
| Health and Hospitals | 13,924 |
| Transportation | 578,244 |
| Human Services | 1,852 |
| Education, Libraries and Museums | 33,206 |
| Corrections | 50,971 |
| Judicial | 19,905 |
| Capital assets held by the government's internal service funds are charged to the various functions based on the usage of the assets | 19,663 |
| Total Depreciation Expense | $ 787,111 |
| Balance | Additions | Retirements | Balance | |
|---|---|---|---|---|
| Business-Type Activities | ||||
| Capital Assets not being Depreciated: | ||||
| Land | $ 59,314 | $ 170 | $ - | $ 59,484 |
| Construction in Progress | 175,449 | 111,704 | 96,376 | 190,777 |
| Total Capital Assets not being Depreciated | 234,763 | 111,874 | 96,376 | 250,261 |
| Capital Assets being Depreciated: | ||||
| Buildings | 3,292,821 | 170,323 | 7,971 | 3,455,173 |
| Improvements Other Than Buildings | 483,189 | 15,489 | 39,724 | 458,954 |
| Equipment | 842,688 | 67,958 | 34,584 | 876,062 |
| Infrastructure | - | - | - | - |
| Total Other Capital Assets at Historical Cost | 4,618,698 | 253,770 | 82,279 | 4,790,189 |
| Less: Accumulated Depreciation For: | ||||
| Buildings | 959,272 | 108,668 | 3,162 | 1,064,778 |
| Improvements Other Than Buildings | 186,512 | 18,442 | 7 | 204,947 |
| Equipment | 477,814 | 61,256 | 31,180 | 507,890 |
| Total Accumulated Depreciation | 1,623,598 | 188,366 | 34,349 | 1,777,615 |
| Other Capital Assets, Net | 2,995,100 | 65,404 | 47,930 | 3,012,574 |
| Business-Type Activities, Capital Assets, Net | $ 3,229,863 | $ 177,278 | $ 144,306 | $ 3,262,835 |
Component Units
Capital assets of the component units consisted of the following as of June 30,
2007 (amounts in thousands):
| Land | $ 28,625 |
| Buildings | 476,655 |
| Improvements other than Buildings | 2,778 |
| Machinery and Equipment | 254,282 |
| Construction in Progress | 357 |
| Total Capital Assets | 762,697 |
| Accumulated Depreciation | (328,968) |
| Capital Assets, net | $ 433,729 |