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33

City of Raleigh

Financial Section

B. Capital assets 

Capital asset activity for the year ended June 30, 2016 was as follows (stated in thousands): 

June 30,

June 30,

2015

Additions

Transfers Deletions

2016

Governmental activities

Capital assets, not being depreciated:

Land

149,838

$        

51,410

$         

5,184

$       

(1,347)

$      

205,085

$         

Construction in progress

347,196

59,723

(150,088)

(49)

256,782

Total capital assets, not being 

   depreciated

497,034

111,133

(144,904)

(1,396)

461,867

Capital assets, being depreciated:

Buildings and machinery

114,602

32,661

91,301

(1,700)

236,864

Streets and sidewalks

718,691

1,681

30,299

750,671

Equipment

102,763

8,880

492

(6,204)

105,931

Furniture and fixtures

2,278

(897)

1,381

Improvements ‐ general and parks

235,964

1,517

21,214

(556)

258,139

Software

43,409

1,879

1,564

46,852

Total capital assets being depreciated

1,217,707

46,618

144,870

(9,357)

1,399,838

Less accumulated depreciation for:

Buildings and machinery

57,010

5,798

(1,700)

61,108

Streets and sidewalks

446,185

23,974

(55)

470,104

Equipment

77,319

7,762

157

(6,193)

79,045

Furniture and fixtures

2,193

36

(897)

1,332

Improvements ‐ general and parks

121,345

11,271

(136)

(388)

132,092

Software

11,766

2,319

14,085

Total accumulated depreciation

715,818

51,160

(34)

(9,178)

757,766

Total capital assets being 

   depreciated, net

501,889

(4,542)

144,904

(179)

642,072

Governmental activities capital 

   assets, net

998,923

$        

106,591

$       

$           

(1,575)

$      

1,103,939

$      

Depreciation expense was charged to functions/programs of the governmental activities as follows: 

General government

3,161

$         

Community development

9

Public works

29,315

Public safety

2,086

Leisure services

10,226

Capital assets held by certain internal service funds are charged to the

   various governmental functions based on the usage of the assets

6,363

Total depreciation expense ‐ governmental activities

51,160

$       

33