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CAPITAL ASSETS AND DEBT ADMINISTRATION
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<br />Capital Assets
<br />The City’s capital assets for its governmental and business-type activities as of June 30, 2024 amount to
<br />$263.3 million, net of accumulated depreciation. This represents an increase of $7.7 million due to total
<br />capital asset additions of $16.2 million and annual depreciation expense of $8.6 million.
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<br />Investment in capital assets includes land, buildings, improvements, machinery and equipment,
<br />infrastructure, and construction in progress. Infrastructure assets are items that are normally immovable
<br />and of value only to the City such as roads, bridges, streets and sidewalks, drainage systems, lighting
<br />systems, and similar infrastructure.
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<br />The following is a summary of the City’s capital assets:
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<br />Additional information on the City’s capital assets can be found in Note 6 of the notes to the financial
<br />statements.
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<br />City of San Leandro
<br />Capital Assets (net of depreciation)
<br />Year Ended June 30, 2024
<br />(in thousands)
<br />2024 2023 2024 2023 2024 2023
<br />Land 16,471$ 16,471$ 5,234$ 5,234$ 21,705$ 21,705$
<br />Construction in progress 31,214 21,286 10,736 8,998 41,950 30,284
<br /> Total non-depreciable assets 47,685 37,757 15,970 14,232 63,655 51,989
<br />Depreciable assets (net of depreciation)
<br />Buildings 54,003 49,351 51,502 52,926 105,505 102,277
<br />Improvements other than buildings 4,496 4,714 - - 4,496 4,714
<br />Machinery and equipment 2,693 3,935 4,397 4,594 7,090 8,529
<br />Licensed Vehicles 4,736 5,334 74 82 4,810 5,416
<br />Subscription Asset 109 324 - - 109 324
<br />Infrastructure 64,063 68,987 15,008 14,558 79,071 83,545
<br /> Total depreciable assets 130,100 132,645 70,981 72,160 201,081 204,805
<br /> Total capital assets 177,784$ 170,401$ 86,951$ 86,393$ 264,736$ 256,794$
<br />Governmental Activities Business-Type Activities Total
<br />17
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