June 30,1996
(Amounts in thousands unless otherwise stated)
(1) A summary of changes in general fixed assets is as follows:
| Balance 7/1/95 | Additions | Retirements | Balance (6/30/96) | |
|---|---|---|---|---|
| Land | $326,707 | $6,910 | $9,170 | $324,447 |
| Buildings | 1,753,888 | 170,254 | 74,668 | 1,849,474 |
| Improvements Other Than Buildings | 179,512 | 22,488 | 164 | 201,836 |
| Machinery and Equipment | 924,827 | 76,109 | 60,078 | 940,858 |
| Construction in Progress | 397,048 | 118,139 | 329,031 | 186,156 |
| Total | $3,581,982 | $393,900 | $473,111 | $3,502,771 |
(2) Property, plant, and equipment for the primary government and its component units consisted of the following as of June 30, 1996:
| Primary Government | |||||
|---|---|---|---|---|---|
| Enterprise | Internal Service | Higher Education and University Hospital | Total | Component Units | |
| Land | $2,657 | $- | $39,059 | $41,716 | $21,937 |
| Buildings | 70,562 | - | 1,051,145 | 1,085,707 | 169,425 |
| Improvements Other Than Buildings | 114,246 | 107 | 81,689 | 196,042 | 85 |
| Machinery and Equipment | 8,270 | 119,477 | 522,702 | 650,449 | 179,199 |
| Construction in Progress | 1,439 | - | 34,954 | 36,393 | 527 |
| Subtotal | $197,174 | $119,584 | $1,693,549 | $2,010,307 | $371,173 |
| Less: Accumulated Depreciation | 59,623 | 72,391 | - | 32,014 | 109,929 |
| Total | $137,551 | $47,193 | $1,693,549 | $1,878,293 | $261,244 |
In proprietary and component units funds, the following estimated useful lives are used to compute depreciation: Buildings 10-40 years; Land Improvements 20-50 years; Machinery and Equipment 2-21 years.
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