Statement of Net Position

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)

Governmental Business-type Total Primary Activities Activities Government

Land and water rights Infrastructure Construction in progress Buildings Improvements other than buildings Equipment & vehicles Total capital assets $

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 .