Sarasota County’s investment in capital assets for its governmental and business-type activities at the end of the current fiscal year amounted to $2.8 billion (net of accumulated depreciation). The County’s total investment in capital assets for the current fiscal year increased by 4.9 percent. Governmental Activities Business-Type Activities Total 2023 2022 2023 2022 2023 2022 Land $ 485,468 $ 476,744 $ 64,254 $ 64,590 $ 549,722 $ 541,334 Land Rights 925 925 - - 925 925 Right of Way/Easements 38,977 38,306 1,214 1,489 40,191 39,795 Buildings and Improvements 252,523 241,885 19,710 21,895 272,233 263,780 Equipment 57,263 53,934 7,770 9,066 65,033 63,000 Infrastructure 640,481 630,154 826,399 793,869 1,466,880 1,424,023 Software 3,660 4,435 - - 3,660 4,435 Right-To-Use Lease Assets 8,763 7,038 93 163 8,856 7,201 Right-To-Use Subscription Assets 9,918 - - - 9,918 - Construction in Progress 187,021 193,565 193,663 130,061 380,684 323,626 TOTAL $ 1,684,999 $ 1,646,986 $ 1,113,103 $ 1,021,133 $ 2,798,102 $ 2,668,119 CAPITAL ASSETS • Land (including land rights, rights of way/easements) • Building and building improvements • Equipment • Software • Water rights • Construction in progress • Infrastructure • Right-to-use leased assets • Right-to-use subscription assets 16 Impact Report 2023 Major capital asset events during the current year included the following: • Downtown cooling plant replacement for Ringling corridor buildings in the amount of $16.5 million. • County roadway improvements for Venice Grove and Tuttle were completed, totaling $13.0 million. This investment in capital assets is comprised of the following: CAPITAL ASSETS, NET OF DEPRECIATION as of September 30, 2023 (in thousands) South County Courthouse
RkJQdWJsaXNoZXIy MzM3Mjg=