A summary of changes in capital assets at June 30, 2025, were as follows:
| Balance | Beginning Balance | Transfers | Additions | Deletions | Balance | |||
|---|---|---|---|---|---|---|---|---|
| June 30, 2024 | Adjustments | As Restated | June 30, 2025 | |||||
| Governmental activities: | ||||||||
| Capital assets, not being depreciated/amortized | ||||||||
| Land | $ 82,697,020 | $ - | $ 82,697,020 | $ - | $ - | $ - | $ 82,697,020 | |
| Right-of-way | 121,260,045 | - | 121,260,045 | - | - | - | 121,260,045 | |
| Construction-in-progress | 11,219,044 | 11,528,793 | 22,747,837 | (20,272,566) | 15,135,026 | - | 17,610,297 | |
| Total capital assets, not being depreciated/amortized | 215,176,109 | 11,528,793 | 226,704,902 | (20,272,566) | 15,135,026 | - | 221,567,362 | |
| Capital assets, being depreciated/amortized | ||||||||
| Buildings | 151,140,855 | - | 151,140,855 | 8,615,451 | - | - | 159,756,306 | |
| Improvements other than buildings | 63,662,563 | - | 63,662,563 | 5,583,668 | 426,615 | - | 69,672,846 | |
| Machinery, equipment, and vehicles | 10,959,328 | 540,531 | 11,499,859 | 77,914 | 218,089 | - | 11,795,862 | |
| Infrastructure | 254,409,656 | - | 254,409,656 | 5,995,533 | - | - | 260,405,189 | |
| Lease assets - buildings | 2,468,060 | - | 2,468,060 | - | 529,792 | - | 2,997,852 | |
| Lease assets - equipment | 135,224 | - | 135,224 | - | - | - | 135,224 | |
| Subscription assets - software as a service | 813,368 | - | 813,368 | - | 140,618 | (174,504) | 779,482 | |
| Equipment - Internal service fund | 9,824,905 | - | 9,824,905 | - | 851,883 | - | 10,676,788 | |
| Total capital assets, being depreciated/amortized | 493,413,959 | 540,531 | 493,954,490 | 20,272,566 | 2,166,997 | (174,504) | 516,219,549 | |
| Less accumulated depreciation/amortization | ||||||||
| Buildings | (85,208,048) | - | (85,208,048) | - | (3,621,511) | - | (88,829,559) | |
| Improvements other than buildings | (52,498,377) | - | (52,498,377) | - | (2,088,607) | - | (54,586,984) | |
| Machinery and equipment | (10,723,639) | - | (10,723,639) | - | (234,153) | - | (10,957,792) | |
| Infrastructure | (139,608,703) | - | (139,608,703) | - | (5,115,088) | - | (144,723,791) | |
| Lease assets - buildings | (609,816) | - | (609,816) | - | (309,230) | - | (919,046) | |
| Lease assets - equipment | (93,578) | - | (93,578) | - | (31,466) | - | (125,044) | |
| Subscription assets - software as a service | (283,761) | - | (283,761) | - | (262,465) | 174,504 | (371,722) | |
| Equipment - Internal service fund | (6,955,551) | - | (6,955,551) | - | (726,526) | - | (7,682,077) | |
| Total accumulated depreciation/amortization | (295,981,473) | - | (295,981,473) | - | (12,389,046) | 174,504 | (308,196,015) | |
| Total capital assets, being depreciated/amortized, net | 197,432,486 | 540,531 | 197,973,017 | 20,272,566 | (10,222,049) | - | 208,023,534 | |
| Total governmental activities capital assets | $ 412,608,595 | $ 12,069,324 | $ 424,677,919 | $ - | $ 4,912,977 | $ - | $ 429,590,896 | |