Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Notes to Basic Financial Statements, Continued
For the fiscal year ended June 30, 2009
(7) CAPITAL ASSETS
Capital assets activity for the primary government for year ended June 30, 2009 is as follows:
Balance at
July 1, 2008 Increases Decreases Transfers
Balance at
June 30, 2009
Governmental activities:
Capital assets, not being depreciated:
Land $ 145,240,508 4,500,085 — 1,203,000 150,943,593
Land held under easement 72,237,823 — — — 72,237,823
Construction in progress 43,306,737 25,735,656 (5,326,775) (49,354,718) 14,360,900
Total capital assets, not being depreciated 260,785,068 30,235,741 (5,326,775) (48,151,718) 237,542,316
Capital assets, being depreciated:
Buildings 253,854,273 8,261,531 (16,971,823) 41,916,596 287,060,577
Improvements other than buildings 77,194,062 7,632 (1,133,400) — 76,068,294
Utility systems 5,198,568 119,345 — — 5,317,913
Machinery and equipment 33,041,280 1,272,577 (2,980,489) 92,170 31,425,538
Infrastructure 324,776,828 3,881,057 (392,336) 337,000 328,602,549
Total capital assets being depreciated 694,065,011 13,542,142 (21,478,048) 42,345,766 728,474,871
Less accumulated depreciation for:
Buildings (43,231,299) (6,974,524) 7,360,629 — (42,845,194)
Improvements other than buildings (37,716,434) (2,835,307) 725,477 65,530 (39,760,734)
Utility systems (203,316) (122,896) — — (326,212)
Machinery and equipment (21,557,461) (2,608,183) 2,000,338 16,563 (22,148,743)
Infrastructure (127,196,957) (10,264,044) 276,089 (82,093) (137,267,005)
Total accumulated depreciation (229,905,467) (22,804,954) 10,362,533 — (242,347,888)
Total capital assets, being depreciated, net 464,159,544 (9,262,812) (11,115,515) 42,345,766 486,126,983
Subtotal governmental activities 724,944,612 20,972,929 (16,442,290) (5,805,952) 723,669,299
Business-type activities:
Capital assets, not being depreciated:
Land 72,634,413 — — (203,000) 72,431,413
Construction in progress 42,884,961 37,341,157 (204,300) (7,677,400) 72,344,418
Total capital assets, not being depreciated 115,519,374 37,341,157 (204,300) (7,880,400) 144,775,831
Capital assets, being depreciated:
Buildings 67,940,845 86,636 (832,234) 2,146,046 69,341,293
Improvements other than buildings 23,221,260 1,182,368 (1,436,714) — 22,966,914
Machinery and equipment 126,431,755 9,135,019 (5,849,284) 234,057 129,951,547
Infrastructure 264,599,015 3,083,909 — 11,306,249 278,989,173
Total capital assets being depreciated 482,192,875 13,487,932 (8,118,232) 13,686,352 501,248,927
Less accumulated depreciation for:
Buildings (28,423,100) (2,709,914) 727,218 — (30,405,796)
Improvements other than buildings (16,644,693) (649,334) 293,711 — (17,000,316)
Machinery and equipment (79,675,519) (18,189,046) 6,869,012 — (90,995,553)
Infrastructure (55,954,112) (7,405,451) — — (63,359,563)
Total accumulated depreciation (180,697,424) (28,953,745) 7,889,941 — (201,761,228)
Total capital assets, being depreciated, net 301,495,451 (15,465,813) (228,291) 13,686,352 299,487,699
Subtotal business-type activities 417,014,825 21,875,344 (432,591) 5,805,952 444,263,530
Total $ 1,141,959,437 42,848,273 (16,874,881) — 1,167,932,829
61