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CITY OF CASSELBERRY, FLORIDA
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS Continued
<br />September 30, 2018
<br />Capital Asset and Debt Administration
<br />Capital Assets
<br />The City's investment in capital assets for its governmental and business -type activities as of September 30,
<br />2018 amounts to $117,006,033 (net of accumulated depreciation and amortization). This investment in capital
<br />assets includes land, wastewater disposal rights, buildings, improvements other than buildings, equipment,
<br />vehicles, infrastructure, and construction in progress. The total change in the City's investment in capital
<br />assets for the current fiscal year was $(443,748). Governmental activities increased capital assets by
<br />$312,630 and business -type activities decreased capital assets by $(756,378). The major capital asset events
<br />of the City during the current fiscal year included the following:
<br />Governmental funds:
<br />The increase in vehicles was due to additional fleet vehicles for Public Works and Police, and infrastructure
<br />was due to Storm Drain Rehabilitation, Gee Creek Erosion Control and various Road Rehabilitation projects
<br />that were capitalized from construction work in progress.
<br />Proprietary funds:
<br />Buildings and Improvements increased due to Utility Sanitation Sewer Rehabilitation projects. Machinery and
<br />Equipment increased due to the Sausalito Lift Station upgrades and land increased due to the property
<br />purchase to be used to upgrade the Seminola Boulevard Master Lift Station. These increases were offset by
<br />routine, ordinary increase in accumulated depreciation.
<br />Land
<br />Wastewater Disposal Rights, Net
<br />Buildings and Improvements
<br />Machinery and Equipment
<br />Software
<br />Vehicles
<br />Infrastructure
<br />Construction in Progress
<br />Less: Accumulated Depreciation
<br />Capital Assets, net
<br />City of Casselberry, Florida
<br />Capital Assets (Net)
<br />Governmental Activities
<br />2018 2017
<br />$ 16,325,990 $ 16,293,722
<br />13,957,268
<br />5,539,606
<br />104,882
<br />3,920,263
<br />51,111,470
<br />981,052
<br />91,940,531
<br />(32,738,303)
<br />$ 59,202,228
<br />13,936,863
<br />5,538,762
<br />222,181
<br />3,252,137
<br />46,031,892
<br />3,663,551
<br />88,939,108
<br />(30,049,510)
<br />$ 58,889,598
<br />Business -type Activities
<br />2018
<br />2017
<br />$ 4,422,605
<br />$ 3,980,680
<br />5,785,555
<br />6,062,063
<br />76,092,633
<br />75,239,952
<br />11,982,669
<br />11,621,981
<br />812,273
<br />99,095,735
<br />(41,291,930)
<br />$ 57,803,805
<br />489,834
<br />97,394,510
<br />(38,834,327)
<br />$ 58,560,183
<br />Total
<br />2018
<br />$ 20,748,595
<br />5,785,555
<br />90,049,901
<br />17,522,275
<br />104,882
<br />3,920,263
<br />51,111,470
<br />1,793,325
<br />191,036,266
<br />(74,030,233)
<br />$ 117,006,033
<br />2017
<br />$ 20,274,402
<br />6,062,063
<br />89,176,815
<br />17,160, 743
<br />222,181
<br />3,252,137
<br />46,031,892
<br />4,153,385
<br />186,333,618
<br />(68,883,837)
<br />$ 117,449,781
<br />Additional information on the City's capital assets, including major construction commitments, can be found in
<br />Note 6 of this report.
<br />iK
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