At the end of FY22, Dubuque County had $153,075,813 invested in a broad range of capital assets, including public safety equipment, buildings, park facilities, roads and bridges. This amount represents a net increase (including additions and deletions) of $3,660,673 or 2.45% over last year.
Capital Assets of Governmental Activities at Year-End
June 30,
| June 30, | ||
| 2022 | 2021 | |
|---|---|---|
| Land | $ 5,586,516 | $ 5,493,452 |
| Construction in Progress | 4,888,207 | 3,272,956 |
| Buildings | 26,272,700 | 26,354,998 |
| Improvements Other Than Buildings | 1,905,310 | 1,997,329 |
| Machinery and Equipment | 18,355,929 | 19,174,918 |
| Infrastructure | 96,067,151 | 93,121,487 |
| Total | $ 153,075,813 | $ 149,415,140 |
The County had depreciation expense of $8,073,534 for the year ended June 30, 2022, and total accumulated depreciation as of June 30, 2022 of $105,947,226.
The County's final fiscal year 2022 capital budget included approximately $10.6 million for capital projects, which included secondary road construction.
Additional information on the County's capital assets can be found in Note 6 on pages 41-42 of this report.
At year-end, the County had total long-term liabilities of $30,602,624 compared to $33,057,523 last year, a decrease of $2,454,899 (7.43%), as detailed below:
| Governmental Activities | Business- Type Activities | Total | ||||
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Bonds Payable | $ 17,837,789 | $ 19,430,770 | $ - | $ - | $ 17,837,789 | $ 19,430,770 |
| Landfill Bonds Payable | 7,060,000 | 7,495,000 | - | - | 7,060,000 | 7,495,000 |
| Loan Payable | 124,492 | 165,294 | - | - | 124,492 | 165,294 |
| Compensated Absences | 4,842,782 | 5,210,904 | 737,561 | 755,555 | 5,580,343 | 5,966,459 |
| Total | $ 29,865,063 | $ 32,301,968 | $ 737,561 | $ 755,555 | $ 30,602,624 | $ 33,057,523 |
For more detailed information on the County's debt and amortization terms, please refer to Note 8 on page 43-44 of this report.