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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2010
<br />Capital asset activity for the year ended June 30, 2010
<br />Less accumulated depreciation for:
<br />Land Improvements
<br />Vehicles
<br />Equipment
<br />Buildings
<br />Building Improvements
<br />Total Accumulated Depreciation
<br />Total Capital assets, being depreciated, net
<br />347,779
<br />Beginning
<br />896,654
<br />229,734 (30,833)
<br />Ending
<br />24,546 -
<br />Balance
<br />Increases
<br />Decreases Transfers
<br />Balance
<br />Business -type activities:
<br />324,926
<br />Total
<br />144.216.664
<br />$17,913 618
<br />Capital assets, not being depreciated:
<br />Land
<br />$ 490,447
<br />$ -
<br />$ - $ -
<br />$ 490,447
<br />Construction in Progress
<br />45,511
<br />215,961
<br />- (45,511)
<br />215,961
<br />Total Capital assets, not being depreciated:
<br />535,958
<br />215,961
<br />- (45,511)
<br />706,408
<br />Capital assets, being depreciated:
<br />Land Improvements
<br />1,295,092
<br />-
<br />- 45,511
<br />1,340,603
<br />Vehicles
<br />2,302,629
<br />19,143
<br />(30,833) -
<br />2,290,939
<br />Equipment
<br />215,016
<br />-
<br />- -
<br />215,016
<br />Buildings
<br />1,304,164
<br />-
<br />- -
<br />1,304,164
<br />Building Improvements
<br />5,500
<br />-
<br />- -
<br />5,500
<br />Total Capital assets, being depreciated:
<br />5,122,401
<br />19,143
<br />(30,833) 45,511
<br />5,156,222
<br />Less accumulated depreciation for:
<br />Land Improvements
<br />Vehicles
<br />Equipment
<br />Buildings
<br />Building Improvements
<br />Total Accumulated Depreciation
<br />Total Capital assets, being depreciated, net
<br />347,779
<br />73,593 -
<br />896,654
<br />229,734 (30,833)
<br />124,260
<br />24,546 -
<br />114,241
<br />32,604 -
<br />1,112
<br />138 -
<br />1,484,046 360,615 (30,833)
<br />3,638,355 (341,472) -
<br />- 421,372
<br />- 1,095,555
<br />- 148,806
<br />- 146,845
<br />- 1,250
<br />- 1,813,828
<br />45,511 3,342,394
<br />Proprietary Capital assets, net $ 4,174,313 $ 125,511 $ - $ - $ 4,048,802
<br />Business -type activities:
<br />Solid Waste $ 360,615
<br />Accumulated Depreciation of asset transferred from Governmental Activites -
<br />Total depreciation expense - business -type activities 360.615
<br />2. Construction commitments
<br />The government has active construction projects as of June 30, 2010. The projects include the construction of
<br />the Jail Housing Unit, construction of four schools, renovation /addition at a school and expansion at the Landfill.
<br />At year -end, the government's commitments with contractors are as follows:
<br />Project
<br />Spent -To -Date
<br />Remaining
<br />Commitment
<br />Jail Housing Unit
<br />$55,193,829 $
<br />2,849,707
<br />Schools
<br />87,594,620
<br />14,738,985
<br />Landfill
<br />1,428,215
<br />324,926
<br />Total
<br />144.216.664
<br />$17,913 618
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<br />G -2 Page 539
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