Notes to the Financial Statements
June 30, 2010
Note 10 Capital Assets
Capital asset activity for the year was as follows (amounts in thousands):
| Beginning | Ending | ||||
|---|---|---|---|---|---|
| Balance (1) | Additions | Retirements | Balance | ||
| Governmental Activities | |||||
| Capital Assets not being Depreciated: | |||||
| Land | $1,393,950 | $168,649 | $549 | $1,562,050 | |
| Construction in Progress | 1,352,502 | 865,112 | 498,237 | 1,719,377 | |
| Total Capital Assets not being Depreciated | 2,746,452 | 1,033,761 | 498,786 | 3,281,427 | |
| Other Capital Assets: | |||||
| Buildings | 2,882,181 | 323,408 | 31,070 | 3,174,519 | |
| Improvements Other than Buildings | 470,170 | 3,020 | 1,766 | 471,424 | |
| Equipment | 1,750,385 | 129,865 | 229,611 | 1,650,639 | |
| Infrastructure | 12,266,463 | 289,318 | - | 12,555,781 | |
| Total Other Capital Assets at Historical Cost | 17,369,199 | 745,611 | 262,447 | 17,852,363 | |
| Less: Accumulated Depreciation For: | |||||
| Buildings | 1,673,310 | 79,363 | 31,070 | 1,721,603 | |
| Improvements Other than Buildings | 248,286 | 23,750 | 1,766 | 270,270 | |
| Equipment | 1,541,821 | 294,753 | 229,611 | 1,606,963 | |
| Infrastructure | 6,457,874 | 507,228 | - | 6,965,102 | |
| Total Accumulated Depreciation | 9,921,291 | 905,094 | * | 262,447 | 10,563,938 |
| Other Capital Assets, Net | 7,447,908 | (159,483) | - | 7,288,425 | |
| Governmental Activities, Capital Assets, Net | $10,194,360 | $874,278 | $498,786 | $10,569,852 |
(1) Restated - See Note No. 23
* Depreciation expense was charged to functions as follows:
| Governmental Activities: | |
|---|---|
| Legislative | $5,879 |
| General Government | 49,749 |
| Regulation and Protection | 32,794 |
| Conservation and Development | 15,279 |
| Health and Hospitals | 14,656 |
| Transportation | 652,918 |
| Human Services | 2,207 |
| Education, Libraries and Museums | 41,731 |
| Corrections | 49,909 |
| Judicial | 23,111 |
| Capital assets held by the government's internal | |
| service funds are charged to the various functions | |
| based on the usage of the assets | 16,861 |
| Total Depreciation Expense | $905,094 |
| Beginning | Ending | |||
|---|---|---|---|---|
| Balance | Additions | Retirements | Balance | |
| Business-Type Activities | ||||
| Capital Assets not being Depreciated: | ||||
| Land | $59,628 | $- | $1 | $59,627 |
| Construction in Progress | 193,135 | 99,765 | 98,760 | 194,140 |
| Total Capital Assets not being Depreciated | 252,763 | 99,765 | 98,761 | 253,767 |
| Capital Assets being Depreciated: | ||||
| Buildings | 3,783,753 | 161,517 | 1,579 | 3,943,691 |
| Improvements Other Than Buildings | 494,703 | 25,244 | 447 | 519,500 |
| Equipment | 939,157 | 58,901 | 39,840 | 958,218 |
| Total Other Capital Assets at Historical Cost | 5,217,613 | 245,662 | 41,866 | 5,421,409 |
| Less: Accumulated Depreciation For: | ||||
| Buildings | 1,291,005 | 123,917 | 823 | 1,414,099 |
| Improvements Other Than Buildings | 243,430 | 21,920 | 44 | 265,306 |
| Equipment | 584,386 | 68,100 | 38,239 | 614,247 |
| Total Accumulated Depreciation | 2,118,821 | 213,937 | 39,106 | 2,293,652 |
| Other Capital Assets, Net | 3,098,792 | 31,725 | 2,760 | 3,127,757 |
| Business-Type Activities, Capital Assets, Net | $3,351,555 | $131,490 | $101,521 | $3,381,524 |
Component Units
Capital assets of the component units consisted of the following as of June 30, 2010 (amounts in thousands):
| Land | $29,031 |
| Buildings | 320,700 |
| Improvements other than Buildings | 3,067 |
| Machinery and Equipment | 415,139 |
| Construction in Progress | 14,670 |
| Total Capital Assets | 782,607 |
| Accumulated Depreciation | (353,954) |
| Capital Assets, net | $428,653 |