At the end of FY23, Dubuque County had $167,389,094 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 $14,313,281 or 9.35% over last year.
Capital Assets of Governmental Activities at Year-End
June 30,
| June 30, | ||
| 2023 | 2022 | |
|---|---|---|
| Land | $ 5,951,746 | $ 5,586,516 |
| Construction in Progress | 15,749,544 | 4,888,207 |
| Buildings | 26,015,494 | 26,272,700 |
| Improvements Other Than Buildings | 1,948,412 | 1,905,310 |
| Machinery and Equipment | 17,687,904 | 18,355,929 |
| Infrastructure | 100,035,994 | 96,067,151 |
| Total | $ 167,389,094 | $ 153,075,813 |
The County had depreciation expense of $8,534,789 for the year ended June 30, 2023, and total accumulated depreciation as of June 30, 2023 of $114,101,892.
The County's final fiscal year 2023 capital budget included approximately $17.8 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 $28,843,637 compared to $30,602,624 last year, a decrease of $1,758,987 (5.75%), as detailed below:
| Governmental Activities | Business- Type Activities | Total | ||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Bonds Payable | $ 16,189,808 | $ 17,837,789 | $ - | $ - | $ 16,189,808 | $ 17,837,789 |
| Landfill Bonds Payable | 6,610,000 | 7,060,000 | - | - | 6,610,000 | 7,060,000 |
| Loan Payable | 83,284 | 124,492 | - | - | 83,284 | 124,492 |
| Compensated Absences | 5,185,156 | 4,842,782 | 775,389 | 737,561 | 5,960,545 | 5,580,343 |
| Total | $ 28,068,248 | $ 29,865,063 | $ 775,389 | $ 737,561 | $ 28,843,637 | $ 30,602,624 |
For more detailed information on the County's debt and amortization terms, please refer to Note 8 on page 43-44 of this report.
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