Sarasota County’s investment in capital assets for its governmental and business-type activities at the end of the current fiscal year amounted to $3.1 billion (net of accumulated depreciation). The County’s total investment in capital assets for the current fiscal year increased by 9.7 percent. Governmental Activities Business-Type Activities Total 2024 2023 2024 2023 2024 2023 Land $ 491,155 $ 485,468 $ 64,279 $ 64,254 $ 555,434 $ 549,722 Land rights 925 925 - - 925 925 Right of way/easements 41,889 38,977 2,339 1,214 44,228 40,191 Buildings and improvements 250,168 252,523 18,004 19,710 268,172 272,233 Equipment 71,701 57,263 12,048 7,770 83,749 65,033 Infrastructure 660,601 640,481 908,606 826,399 1,569,207 1,466,880 Software 2,267 3,660 - - 2,267 3,660 Right-to-use leased land assets 11 - - - 11 - Right-to-use leased building assets 6,190 - - - 6,190 - Right-to-use leased equipment assets 2,120 8,763 - 93 2,120 8,856 Right-to-use subscription assets 7,376 9,918 - - 7,376 9,918 Construction in progress 265,314 187,021 265,047 193,663 530,361 380,684 Total $ 1,799,717 $ 1,684,999 $ 1,270,323 $ 1,113,103 $ 3,070,040 $ 2,798,102 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 2024 Major capital asset events during the current year included the following: • The County contributed $20.0 million towards building the new Mote Marine Science Education Aquarium. • The County completed the $15.7 million Dona Bay Watershed Restoration Project. • Sarasota County is currently constructing a New Administration Center, South County Court Remodel, Supervisor of Elections Administration Facility, and Sheriff Helicopter upgrade that increased construction in progress during fiscal year 2024. This investment in capital assets is comprised of the following: CAPITAL ASSETS, NET OF DEPRECIATION as of September 30, 2024 (in thousands) North Jetty Beach
RkJQdWJsaXNoZXIy MzM3Mjg=