MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) DECEMBER 31, 2021 Capital Asset and Debt Administration Capital Assets The City’s investment in capital assets for its governmental and business-type activities as of December 31, 2021 amounted to $733,674,000 (net of accumulated depreciation). This investment in capital assets includes land, water rights, buildings and improvements, equipment and infrastructure. City of Arvada Capital Assets (net of depreciation) as of December 31, 2021 (in thousands)
Land and water rights Infrastructure Construction in progress Buildings Improvements other than buildings Equipment & vehicles Total capital assets
Governmental Activities
Business-type Activities
Total Primary Government
$
$
$
$
56,090 141,097 44,432 27,279 110,063 17,510 396,471
$
39,771 5,528 16,484 10,353 264,430 637 337,203
$
95,861 146,625 60,916 37,632 374,493 18,147 733,674
Major capital improvements during this fiscal year include the following: Governmental Activities • Parks maintenance building • Olde Town Closure • Fiber and conduit throughout the City • Traffic signal replacement • Sabell Park Construction • Ralston Road improvements from Upham Street to Yukon Street • Ralston Road improvements from Yukon Street to Garrison • West 72nd Street improvements and railroad underpass from Kipling Street to Simms Street Proprietary Activities • On-going maintenance and replacement of water, sewer and stormwater lines • Denver Moffat water project • Highway 93 water tank and pipeline • Raw water pump station • Ralston water treatment plant pump station • Lake Arbor dredging Additional information of the City’s capital assets can be found in Note 3.B on page 60 of this report.
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