CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
At the end of 2025, the City had $496.56 million invested in a broad range of capital assets including land, streets, bridges, drainage systems, traffic lights, parks, buildings, artwork, vehicles, golf courses and equipment (See Table 3). This amount represents a net increase (including additions and deductions) of $3.19 million over the prior year restated balance, due mainly to construction in progress additions.
TABLE 3
CAPITAL ASSETS AT YEAR-END (NET OF DEPRECIATION/AMORTIZATION, IN MILLIONS)
For the years ended June 30, 2025 and 2024
Governmental ActivitiesBusiness-Type ActivitiesTotal
As RestatedAs Restated
202520242025202420252024
Land$ 82.70$ 82.70$ 53.32$ 53.30$ 136.02$ 136.00
Construction-in-progress17.6123.28--17.6123.28
Buildings and improvements86.0177.1086.0177.10
other than buildings10.8911.7110.8911.71
Machinery and equipment3.833.112.763.696.596.79
Infrastructure & right-of-way236.94236.06--236.94236.06
Lease assets2.091.90--2.091.90
Subscription assets0.410.53--0.410.53
TOTALS429.59424.6766.9768.70496.56493.37