Fort Walton Beach Council agenda — 03-19-12--special--audit — reading text

14. 280 14. 280 Equipment under capital lease Total capital assets being 448, 681) 46421. 982 depreciated amortized 44. 808. 878 2061, 785 ( Less accumulated depreciation /amortization 6,6, 885,885, 595)595) 446,446, 642)642) 7, 331237) Buildings 4, 627, 950) 527. 349) 35, 531 5, 119, 768) Improvements other than buildings 7. 797, 343) 311, 071) 107, 382 8, 001, 032) Infrastructure 6, 800) 98, 513) 105,105, 313)313) Software 5, 748, 593) 498, 447) 414902 5, 830138) Machinery and equipment 4760 9, 123) 13 -883) Equipment under capital lease 550, 692 26. 402, 371) Total accumulated depreciation /amortization 25. 066, 281) 1886,7821 Total capital assets being 19. 742597 175, 003 102 011 10, 0 19, 611 depreciated/ amortized, net 30. 056, 150 $ 645. 551 $ 232711 ) $ 30, 468, 990 Governmental Activities, Net Business -Type Activities Capital assets not being depreciated amortized S- S 765. 078 765, 078 S- Construction in progress Land 1. 276, 888 1, 356, 763 ( 280532 16, 707) 2, 616, 944 28, 532 Easements Total capital assets not being 2, 041, 966 1385, 295 ( 16. 7071 3410,554 depreciated /amortized Capital assets being depreciated/ amortized 3, 642, 155 Buildings 3, 632, 155 10. 000 - 43. 550. 675 341, 247 ( 5, 980, 089) 37, 911, 833 Improvements other than buildings 8, 734 23, 910 - 32, 644 Software 10342, 868 790, 835 ( 378, 050) 10, 755, 653 Machinery and equipment 248. 589 Equipment under capital lease 248, 589 - Total capital assets being 57783. 021 1 165, 992 ( 6358, 1391 52590. 874 depreciated /amortized 49  3, 1. a City of Fort Walton Beach, Florida NOTES TO FINANCIAL STATEMENTS September 30, 2012 NOTE 5 - CHANGES IN CAPITAL ASSETS ( CONTINUED) Beginning Decreases/ Ending Transfers Balance Balance Increases Business -Type Activities (Continued) Less accumulated depreciation /amortization 55, 905) 1, 589, 842) 1, 411918) ( 120, 019) 21, 128, 351) Improvements other than buildings Buildings 26, 037, 961) ( 1, 370) ( 1, 043, 824) 8, 021) 5, 953, 434 9, 391) Software 8, 137, 018) 7, 408, 940) ( 598, 318) 129, 760) Machinery and equipment 49, 718 236360) 186, 442) Equipment under capital lease Total accumulated 31100, 762) 35048. 631) ( 1819. 900) 5767. 769 depreciation /amortization Total capital assets being 590. 370 21, 490, 112 22, 734. 390 ( 653, 908) depreciated /amortized, net 24776. 356 731387 607. 077 S 24, 900, 666_ Business -Type Activities, Nct Amortization of equipment under capital lease is included with depreciation expense in the financial Depreciation and amortization statements. expense was charged to functions /programs of the primary govemment as follows: Governmental Activities 143, 418 General government 581. 716 Public safety 82, 448 Physical environment 595. 814 Transportation 51, 901 Economic environment 431, 485 Culture and recreation LttW782 Total depreciation amortization expense - govemmental activities Business -Type Activities S 1, 232, 040 Utilities Fund 235, 523 Sanitation Fund 279,702 Golf Fund 72. 635 Other Proprietary Funds S I' ll 19, 900 Total depreciation /amortization expense - business type activities ConstructionConstruction CommitmentsCommitments TheThe CityCity hashas begunbegun certaincertain projects projects whichwhich remainremain openopen atat yearyear- - end.end. TheseThese projects projects areare asas follows:follows: 5050  3. t. a City of Fort Walton Beach, Florida NOTES TO FINANCIAL STATEMENTS September 30, 2012 NOTE 5 - CHANGES IN CAPITAL ASSETS (CONTINUED) Construction Commitments ( Continuer/) The City began work upgrading Lift .Station # 3 due to expansion in the downtown area in FY2011. To date $ 46,871 has been expended. This rehabilitation is funded from the net assets of the Utility Fund. Construction