GULF COAST WATER AUTHORITY NOTES TO FINANCIAL STATEMENTS At year-end, the Authority’s investment balances were as follows: Weighted Average Fair Value Certificates of Deposit Total Investments
$ $
Maturity (Days)
11,556,325 11,556,325
152
NOTE 3 – CAPITAL ASSETS The following table summarizes the changes in the components of capital assets: Balances at
Balances at
Sept. 1, 2014
Additions
Deletions
Aug. 31, 2015
Business-Type Activities: Capital Assets Not Being Depreciated: Land
$
Construction in progress
1,959,587
$
$
$
1,959,587
14,350,761
3,607,285
(9,964,883)
7,993,163
16,310,348
3,607,285
(9,964,883)
9,952,750
(323,690)
Total Capital Assets Not Being Depreciated Capital Assets Being Depreciated: Office furniture, fixtures and equipment Other machinery and equipment Automobiles and trucks Buildings Infrastructure
801,592
22,599
5,372,926
78,212
5,451,138
500,501
860,485
271,044
1,131,529
2,898,983
175,613
3,074,596
222,339,774
13,265,682
235,605,456
232,273,760
13,813,150
Total Capital Assets Being Depreciated
(323,690)
245,763,220
Less Accumulated Depreciation Office furniture, fixtures and equipment Other machinery and equipment Automobiles and trucks Buildings Infrastructure Total Accumulated Depreciation
(621,004)
(52,374)
(3,006,914)
(481,476)
323,690
(349,688) (3,488,390)
(622,692)
(132,002)
(754,694)
(1,707,949)
(309,395)
(2,017,344)
(114,197,769)
(12,471,611)
(120,156,328)
(13,446,858)
(126,669,380) 323,690
(133,279,496)
Total Capital Assets Being Depreciated, Net
112,117,432
366,292
112,483,724
Business-Type Activities Capital Assets, Net
$
128,427,780
28
$
3,973,577
$
(9,964,883)
$
122,436,474