June 30, 2012
Capital assets, net of accumulated depreciation, totaled $84.5 million at June 30, 2012, an increase of $1.1 million. Capital assets as of June 30, 2012 and significant changes in capital assets during the year are as follows (in millions):
| Net Additions | Net Additions | ||||
| June 30, 2010 | (Reductions) FY 10-11 | June 30, 2011 | (Reductions) FY 11-12 | June 30, 2012 | |
|---|---|---|---|---|---|
| Land and land improvements | $ 5.6 | $ - | $ 5.6 | $ - | $ 5.6 |
| Buildings, fixed equipment and infrastructure | 142.0 | 3.2 | 145.2 | 7.4 | 152.6 |
| Equipment, vehicles and capitalized software | 28.1 | 0.2 | 28.3 | 1.6 | 29.9 |
| Library materials and art | 9.7 | - | 9.7 | 0.1 | 9.8 |
| Construction in progress | 3.3 | 1.8 | 5.1 | (3.5) | 1.6 |
| Accumulated depreciation | (105.7) | (4.8) | (110.5) | (4.5) | (115.0) |
| Total | $ 83.0 | $ 0.4 | $ 83.4 | $ 1.1 | $ 84.5 |
At June 30, 2012, the University has capital construction projects in progress totaling $1.6 million in scope.
At June 30, 2012, bonds and lease payable amounted to $8.7 million, as summarized below:
| 2012 | 2011 | 2010 | |
| Lease Obligations | $ 4,565,078 | $ 4,972,861 | $ 5,402,330 |
| Consolidated Educational Buildings Revenue | |||
| Bonds | - | 935,000 | |
| General Receipts Bonds | 4,165,000 | 4,525,000 | 4,875,000 |
| Bond discount and issue costs | (57,460) | (57,460) | (70,720) |
| Total | $ 8,672,618 | $ 9,440,401 | $ 11,141,610 |