Sarasota County, Florida Notes to Financial Statements September 30, 2023 B. CONSTRUCTION IN PROGRESS Construction in progress for governmental activities represented the following: Construction in progress for general government at year-end consisted of $182,113,900 in public safety, physical environment, transportation, and parks and recreation related capital improvements. Construction in progress for information technology at year-end consisted of $4,906,875 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 $187,084,118 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 $3,035,394 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 Balance 9/30/2022 Additions Deletions 9/30/2023 Less accumulated depreciation or amortization for: Buildings and building improvements Utility System 80,134,298 1,786,209 (3,263,636) 78,656,871 Solid Waste 1,443,300 116,659 (216,569) 1,343,390 Stormwater Utility 472,167 26,729 (4,396) 494,500 Transit 5,718,530 322,650 - 6,041,180 Total 87,768,295 2,252,247 (3,484,601) 86,535,941 Equipment Utility System 12,546,950 149,339 (9,204,900) 3,491,389 Solid Waste 327,495 9,855 (109,738) 227,612 Stormwater Utility 214,609 61,491 (61,473) 214,627 Transit 16,141,173 2,242,251 (2,617,951) 15,765,473 Total 29,230,227 2,462,936 (11,994,062) 19,699,101 Infrastructure Utility System 438,137,313 31,497,873 7,329,152 476,964,338 Solid Waste 47,949,798 4,715,112 - 52,664,910 Stormwater Utility 87,113,792 5,486,848 - 92,600,640 Transit 4,981,663 476,554 - 5,458,217 Total 578,182,566 42,176,387 7,329,152 627,688,105 Software Utility System 665,416 - (99,640) 565,776 Transit 2,064,191 - (2,064,191) - Total 2,729,607 - (2,163,831) 565,776 Water, timber rights Utility System 27,027,359 - - 27,027,359 27,027,359 - - 27,027,359 Leased Building Utility System 70,029 70,029 - 140,058 Total 70,029 70,029 - 140,058 Total accumulated depreciation or amortization 725,008,083 46,961,599 (10,313,342) 761,656,340 Total capital assets being depreciated or amortized, net 824,993,037 28,333,882 644,239 853,971,158 Business-type activities capital assets, net $ 1,021,133,618 $ 149,120,619$ (57,151,503) $ 1,113,102,734 109
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