Sarasota County, Florida Notes to Financial Statements September 30, 2024 B. CONSTRUCTION IN PROGRESS Construction in progress for governmental activities represented the following: Construction in progress for general government at year-end consisted of $263,415,840 in general government, public safety, physical environment, transportation, and parks and recreation related capital improvements. Construction in progress for information technology at year-end consisted of $1,898,508 in design and installation of enterprise-wide management information systems and land information systems. Construction in progress for business-type activities represented the following: The Utility System's construction in progress at year-end consisted of $255,278,907 in the engineering and construction costs associated with various water and wastewater projects. The funding for these improvements includes capacity fees (formerly called impact fees), user rates, and bond proceeds. Construction in progress for the Solid Waste System at year-end of $6,596,539 included costs associated with design/engineering and construction costs for various Central County Solid Waste Disposal Complex projects. The funding for these improvements includes tipping fees, note proceeds, and interest earnings. Balance 9/30/2023 Additions Deletions Balance 9/30/2024 Less accumulated depreciation or amortization for: Buildings and building improvements Utility System $ 78,656,871 $ 1,296,994 $ - $ 79,953,865 Solid Waste System 1,343,390 59,510 - 1,402,900 Stormwater Utility 494,500 26,730 - 521,230 Transit 6,041,180 322,649 - 6,363,829 Total 86,535,941 1,705,883 - 88,241,824 Equipment Utility System 3,491,389 129,489 165,559 3,455,319 Solid Waste System 227,612 14,536 19,026 223,122 Stormwater Utility 214,627 69,893 6,787 277,733 Transit 15,765,473 2,296,072 685,699 17,375,846 Total 19,699,101 2,509,990 877,071 21,332,020 Infrastructure Utility System 476,964,338 34,367,631 - 511,331,969 Solid Waste System 52,664,910 6,437,855 - 59,102,765 Stormwater Utility 92,600,640 4,937,080 - 97,537,720 Transit 5,458,217 406,035 22,736 5,841,516 Total 627,688,105 46,148,601 22,736 673,813,970 Software Utility System 565,776 - - 565,776 Total 565,776 - - 565,776 Water, Timber Rights Utility System 27,027,359 - - 27,027,359 Total 27,027,359 - - 27,027,359 Right-to-use leased equipment assets Utility System 140,058 93,370 233,428 - Total 140,058 93,370 233,428 - Total accumulated depreciation or amortization 761,656,340 50,457,844 1,133,235 810,980,949 Total capital assets being depreciated or amortized, net 853,971,158 84,686,431 248 938,657,341 Business-type activities capital assets, net $1,113,102,734 $ 256,476,857 $ 99,256,481 $1,270,323,110 111
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