Sarasota County, Florida Notes to Financial Statements September 30, 2024 The transfers to the Infrastructure One Cent Sales Tax Capital Projects Fund from the Capital Revenue Programs Special Revenue Fund totaling $37.6 million were to support various capital projects and expenditures. The transfers to the Transit Fund from the General Fund totaling $22.8 million to support various transportation expenditures. The transfers to the Nonmajor Governmental Fund from the Capital Revenue Programs Special Revenue Fund totaling $72.1 million to support various capital projects and expenditures. NOTE 6. CAPITAL ASSETS A. CAPITAL ASSET ACTIVITY Capital assets activity for the year ended September 30, 2024 was as follows: Balance 9/30/2023 Additions Deletions Balance 9/30/2024 Governmental Activities: Capital assets, not being depreciated or amortized: Land $ 485,468,022 $ 8,842,899 $ 3,155,148 $ 491,155,773 Land Rights 924,937 - - 924,937 Right of Way/Easements 38,977,352 2,911,479 - 41,888,831 Construction in progress 187,020,775 182,336,233 104,042,660 265,314,348 Total capital assets, not being depreciated or amortized 712,391,086 194,090,611 107,197,808 799,283,889 Capital assets, being depreciated or amortized: Buildings and building improvements 452,567,852 8,592,510 480,720 460,679,642 Equipment 214,043,693 36,087,811 14,079,108 236,052,396 Infrastructure 1,841,575,375 79,745,351 - 1,921,320,726 Software 25,095,695 - 7,695 25,088,000 Right-to-use leased land assets 37,413 - - 37,413 Right-to-use leased building assets 10,988,420 1,974,302 181,535 12,781,187 Right-to-use leased equipment assets 2,416,918 1,252,326 361,064 3,308,180 Right-to-use subscription assets 11,562,364 - - 11,562,364 Total capital assets, being depreciated or amortized 2,558,287,730 127,652,300 15,110,122 2,670,829,908 Less accumulated depreciation or amortization for: Buildings and building improvements 200,044,852 10,947,782 480,720 210,511,914 Equipment 156,780,260 21,610,734 14,039,840 164,351,154 Infrastructure 1,201,094,699 59,507,125 (118,150) 1,260,719,974 Software 21,435,309 1,393,801 7,695 22,821,415 Right-to-use leased land assets 17,352 8,676 - 26,028 Right-to-use leased building assets 3,860,360 2,911,847 181,535 6,590,672 Right-to-use leased equipment assets 802,500 748,004 361,064 1,189,440 Right-to-use subscription assets 1,644,773 2,540,955 - 4,185,728 Total accumulated depreciation or amortization 1,585,680,105 99,668,924 14,952,704 1,670,396,325 Total capital assets, being depreciated or amortized, net 972,607,625 27,983,376 157,418 1,000,433,583 Governmental activities capital assets, net $1,684,998,711 $ 222,073,987 $ 107,355,226 $1,799,717,472 109
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