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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2024
<br />NOTE 6 – CAPITAL ASSETS (Continued)
<br />The following is a summary of capital assets for governmental activities:
<br />Balance Balance
<br />July 1, 2023 Additions Retirements Transfers June 30, 2024
<br />Non-Depreciable Assets:
<br />Land 16,471,405$ -$ -$ -$ 16,471,405$
<br />Construction in progress 21,286,195 10,809,671 -(881,591)31,214,275
<br /> Total Non-Depreciable Assets 37,757,600 10,809,671 -(881,591)47,685,680
<br />Depreciable Assets:
<br />Buildings 83,774,955 6,195,197 - - 89,970,152
<br />Improvements 10,750,759 - - - 10,750,759
<br />Machinery and equipment 15,452,524 266,593 (482,751) - 15,236,366
<br />Licensed vehicles 16,834,391 537,548 (7,716)130,823 17,495,046
<br />Subscription asset 458,310 85,741 - - 544,051
<br />Infrastructure 396,521,650 - (14,630) 750,768 397,257,788
<br /> Total Depreciable Assets 523,792,589 7,085,079 (505,097)881,591 531,254,162
<br />Accumulated Depreciation:
<br />Buildings (34,424,351) (1,543,053)- - (35,967,404)
<br />Improvements (6,037,466) (217,658)- - (6,255,124)
<br />Machinery and equipment (11,517,036) (1,291,663)265,748 - (12,542,951)
<br />Licensed vehicles (11,500,427) (1,258,995)- - (12,759,422)
<br />Subscription asset (134,138) (301,103)- - (435,241)
<br />Infrastructure (327,535,377) (5,674,719)14,631 - (333,195,465)
<br /> Total Accumulated Depreciation (391,148,795) (10,287,191)280,379 - (401,155,607)
<br /> Depreciable Assets, Net 132,643,794 (3,202,112) (224,718)881,591 130,098,555
<br /> Total Governmental Activities
<br /> Capital Assets, Net 170,401,394$ 7,607,559$ (224,718)$ -$ 177,784,235$
<br />Governmental activities depreciation expenses for capital assets for the year ended June 30, 2024, are as
<br />follows:
<br />General Government 268,556$
<br />Public Safety 358,074
<br />Engineering and Transportation 7,161,486
<br />Recreation and Human services 895,186
<br />Community Development 268,556
<br />Subtotal 8,951,858
<br />Capital assets held by the City's Internal Service Funds 1,335,333
<br />Total Depreciation Expense 10,287,191$
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