Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2012 BASIC FINANCIAL STATEMENTS - Notes To Financial Statements - Note 10 Capital Assets

Notes to the Financial Statements

June 30, 2012

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 $1,594,804 $45,082 $789 $1,639,097
Construction in Progress 2,340,153 1,231,383 986,255 2,585,281
Total Capital Assets not being Depreciated 3,934,957 1,276,465 987,044 4,224,378
Other Capital Assets:
Buildings 3,275,887 54,717 27,030 3,303,574
Improvements Other than Buildings 471,291 14,138 5,249 480,180
Equipment 1,907,526 241,015 39,100 2,109,441
Infrastructure 12,655,722 368,078 - 13,023,800
Total Other Capital Assets at Historical Cost 18,310,426 677,948 71,379 18,916,995
Less: Accumulated Depreciation For:
Buildings 1,799,382 82,587 27,030 1,854,939
Improvements Other than Buildings 294,713 23,866 5,249 313,330
Equipment 1,754,168 328,452 39,100 2,043,520
Infrastructure 7,472,822 490,878 - 7,963,700
Total Accumulated Depreciation 11,321,085 925,783 71,379 12,175,489
Other Capital Assets, Net 6,989,341 (247,835) - 6,741,506
Governmental Activities, Capital Assets, Net $10,924,298 $1,028,630 $987,044 $10,965,884

* Depreciation expense was charged to functions as follows:

Governmental Activities:
Legislative $6,179
General Government 40,101
Regulation and Protection 37,946
Conservation and Development 15,926
Health and Hospitals 14,330
Transportation 689,140
Human Services 2,226
Education, Libraries and Museums 42,357
Corrections 47,864
Judicial 22,225
Capital assets held by the government's internal
service funds are charged to the various functions
based on the usage of the assets 7,489
Total Depreciation Expense $925,783

Beginning Ending
Balance Additions Retirements Balance
Business-Type Activities
Capital Assets not being Depreciated:
Land $64,670 $83 $44 $64,709
Construction in Progress 295,488 150,287 22,345 423,430
Total Capital Assets not being Depreciated 360,158 150,370 22,389 488,139
Capital Assets being Depreciated:
Buildings 4,050,454 121,432 7,949 4,163,937
Improvements Other Than Buildings 532,945 19,703 182 552,466
Equipment 954,562 74,071 43,642 984,991
Total Other Capital Assets at Historical Cost 5,537,961 215,206 51,773 5,701,394
Less: Accumulated Depreciation For:
Buildings 1,535,066 122,235 5,496 1,651,805
Improvements Other Than Buildings 286,167 21,211 30 307,348
Equipment 608,808 66,784 42,018 633,574
Total Accumulated Depreciation 2,430,041 210,230 47,544 2,592,727
Other Capital Assets, Net 3,107,920 4,976 4,229 3,108,667
Business-Type Activities, Capital Assets, Net $3,468,078 $155,346 $26,618 $3,596,806

Component Units
Capital assets of the component units consisted of the following as of June 30, 2012 (amounts in thousands):

Land $29,031
Buildings 369,994
Improvements other than Buildings 2,961
Machinery and Equipment 433,615
Construction in Progress 14,137
Total Capital Assets 849,738
Accumulated Depreciation 442,036
Capital Assets, net $407,702

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