2019 IMPACT Report - Sarasota County, Florida

22 Impact Report 2019 S arasota County’s investment in capital assets for its governmental and business-type activities at the end of the current fiscal year amounted to $2.4 billion (net of accumulated depreciation). The County’s total investment in capital assets for the current fiscal year increased by 1.2 percent. This investment in capital assets is comprised of: • Land (including land rights, rights of way/easements) • Building and building improvements • Software • Water and timber rights • Construction in progress • Infrastructure Major capital asset events during the current year included: • Demolition and construction of Venice Public Library totaling $11.2 million. • Acquisition and improvements to expand legacy trail extension totaling $30.2 million. • Ambulance and rescue trucks were purchased totaling $4.4 million. • Renovations to County facilities were completed totaling $6.1 million. • County roadway resurfacing and side walk program improvements were completed totaling $15.6 million. CAPITAL ASSETS, NET OF DEPRECIATION (in thousands) Governmental Activities Business-Type Activities Total 2019 2018 2019 2018 2019 2018 Land $ 451,595 $ 418,853 $ 64,588 $ 64,432 $ 516,183 $ 483,285 Land Rights 925 925 - - 925 925 Right Of Way/Easements 25,770 25,770 735 539 26,505 26,309 Buildings and Improvements 179,586 174,478 35,767 38,093 215,353 212,571 Equipment 58,244 49,072 26,739 31,549 84,983 80,621 Infrastructure 637,453 659,476 757,106 766,589 1,394,559 1,426,065 Software 8,478 4,446 - - 8,478 4,446 Water, Timber Rights - - - 975 - 975 Construction In Progress 94,545 86,588 26,239 17,472 120,784 104,060 TOTAL $ 1,456,596 $ 1,419,608 $ 911,174 $ 919,649 $ 2,367,770 $ 2,339,257 CAPITAL ASSETS