City of Coral Springs, Florida Management’s Discussion and Analysis (Unaudited) Capital Assets and Debt Administration Capital Assets The City’s investment in capital assets for its governmental and business-type activities as of September 30, 2021, amounts to approximately $264,858,000 (net of accumulated depreciation). This is a net increase (additions less retirements and depreciation) of approximately $2,382,000 or 1.0% from last fiscal year. The following summarizes the City’s capital assets as of September 30, 2021: Capital Assets (net of depreciation)
Land Construction in progress Public art Land improvements Buildings Infrastructure Equipment Total
Governmental Activities 2021 2020 $ 33,224,457 $ 33,224,457 15,853,265 2,810,768 2,890,651 2,870,651 14,452,293 16,053,068 90,962,728 94,964,360 26,435,973 28,394,990 20,843,510 24,626,219 $ 204,662,877 $ 202,944,513
Business-Type Activities 2021 2020 $ 198,586 $ 198,576 4,780,788 2,406,890 8,495 12,752 4,471,486 4,990,743 50,159,521 51,253,776 575,818 668,573 $ 60,194,694 $ 59,531,310
Total 2021 $ 33,423,043 $ 20,634,053 2,890,651 14,460,788 95,434,214 76,595,494 21,419,328 $ 264,857,571 $
Major capital asset expenditures during the current fiscal year include the following: •
Westside campus design and construction – $11,444,000
•
Rehabilitation of sanitary sewer lift stations – $2,489,000
•
Purchase of 25 City vehicles – $1,488,000
•
Stormwater improvements – $1,075,000
•
ERP software and implementation – $890,000
•
Rehabilitation of sanitary sewer lines – $821,000
•
Roadway resurfacing – $661,000
•
Replacement of galvanized water service – $481,000
Additional information can be found in Note 6 Capital Assets and Construction Commitments.
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2020 33,423,033 5,217,658 2,870,651 16,065,820 99,955,103 79,648,766 25,294,792 262,475,823
