Notes to the Financial Statements
June 30, 2008
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 | $ 1,354,085 | $ 52,670 | $ 5,149 | $ 1,401,606 | |
| Construction in Progress | 1,960,175 | 650,735 | 501,663 | 2,109,247 | |
| Total Capital Assets not being Depreciated | 3,314,260 | 703,405 | 506,812 | 3,510,853 | |
| Other Capital Assets: | |||||
| Buildings | 2,788,045 | 95,856 | 130,619 | 2,753,282 | |
| Improvements Other than Buildings | 455,223 | 21,908 | 13,405 | 463,726 | |
| Equipment | 1,496,689 | 178,340 | 114,397 | 1,560,632 | |
| Infrastructure | 10,443,317 | 424,065 | - | 10,867,382 | |
| Total Other Capital Assets at Historical Cost | 15,183,274 | 720,169 | 258,421 | 15,645,022 | |
| Less: Accumulated Depreciation For: | |||||
| Buildings | 1,698,832 | 68,832 | 130,619 | 1,637,045 | |
| Improvements Other than Buildings | 279,868 | 23,879 | 13,405 | 290,342 | |
| Equipment | 1,118,151 | 277,174 | 114,397 | 1,280,928 | |
| Infrastructure | 5,448,699 | 453,395 | - | 5,902,094 | |
| Total Accumulated Depreciation | 8,545,550 | 823,280 | * | 258,421 | 9,110,409 |
| Other Capital Assets, Net | 6,637,724 | (103,111) | - | 6,534,613 | |
| Governmental Activities, Capital Assets, Net | $ 9,951,984 | $ 600,294 | $ 506,812 | $ 10,045,466 | |
| * Depreciation expense was charged to functions as follows: | |||||
| Governmental Activities: | |||||
| Legislative | $ 5,920 | ||||
| General Government | 35,205 | ||||
| Regulation and Protection | 32,753 | ||||
| Conservation and Development | 15,075 | ||||
| Health and Hospitals | 13,705 | ||||
| Transportation | 592,738 | ||||
| Human Services | 2,264 | ||||
| Education, Libraries and Museums | 35,429 | ||||
| Corrections | 49,397 | ||||
| Judicial | 20,689 | ||||
| Capital assets held by the government's internal | |||||
| service funds are charged to the various functions | |||||
| based on the usage of the assets | 20,105 | ||||
| Total Depreciation Expense | $ 823,280 | ||||
| Beginning | Ending | |||
|---|---|---|---|---|
| Balance | Additions | Retirements | Balance | |
| Business-Type Activities | ||||
| Capital Assets not being Depreciated: | ||||
| Land | $ 59,484 | $ 622 | $ 137 | $ 59,969 |
| Construction in Progress | 190,777 | 111,000 | 52,116 | 249,661 |
| Total Capital Assets not being Depreciated | 250,261 | 111,622 | 52,253 | 309,630 |
| Capital Assets being Depreciated: | ||||
| Buildings | 3,455,173 | 130,671 | 2,633 | 3,583,211 |
| Improvements Other Than Buildings | 458,952 | 15,753 | 2,461 | 472,244 |
| Equipment | 876,062 | 89,628 | 35,029 | 930,661 |
| Infrastructure | - | - | - | - |
| Total Other Capital Assets at Historical Cost | 4,790,187 | 236,052 | 40,123 | 4,986,116 |
| Less: Accumulated Depreciation For: | ||||
| Buildings | 1,064,778 | 114,540 | 1,907 | 1,177,411 |
| Improvements Other Than Buildings | 204,987 | 20,216 | 2,461 | 222,742 |
| Equipment | 507,850 | 70,279 | 30,138 | 547,991 |
| Total Accumulated Depreciation | 1,777,615 | 205,035 | 34,506 | 1,948,144 |
| Other Capital Assets, Net | 3,012,572 | 31,017 | 5,617 | 3,037,972 |
| Business-Type Activities, Capital Assets, Net | $ 3,262,833 | $ 142,639 | $ 57,870 | $ 3,347,602 |
Component Units
Capital assets of the component units consisted of the following as of June 30,
2008 (amounts in thousands):
| Land | $ 29,930 |
| Buildings | 484,704 |
| Improvements other than Buildings | 3,288 |
| Machinery and Equipment | 259,963 |
| Construction in Progress | 1,261 |
| Total Capital Assets | 779,146 |
| Accumulated Depreciation | (354,059) |
| Capital Assets, net | $ 425,087 |