FISCAL YEAR ENDED JUNE 30 , 2021 • Popular Annual Financial Report
Capital Assets
Capital assets . Cabarrus County ' s investment in capital assets for its governmental and business-type activities as of June 30 , 2021 , totals $ 237.2 million ( net of accumulated depreciation ). These assets include buildings , building improvements , land , land improvements , reservoir , equipment , furniture and fixtures , vehicles and construction in progress .
Major capital asset transactions during the year include :
• Purchased one vehicle for County Manager , four for Construction Standards , two for Animal Control , two ambulances and one vehicle for Emergency Medical Services , one for ground maintenance , one for Infrastructure and Asset Management , 10 for Human Services , one for Information Technology Services , 28 for Sheriff ’ s Office and one recycling truck for Waste Reduction and Recycling .
• Two land purchases , including 616 acres for Northeast Area Park project and 13.62 acres for radio tower project .
• Various construction projects in progress at the end of the year included the new Courthouse , Public Safety Training Center , Rob Wallace Park Phase II , Frank Liske Park restroom for lower lot , Arena light system control replacement , IT fibers infrastructure improvements , design for a new EMS Headquarters , radio ethernet backhaul and edge project , enterprise physical security project , Operations Center upfit , Camp T . N . Spencer Park overlook , Government Center skylight repair , West Cabarrus High School turf field and Frank Liske Park barn improvements .
Capital Assets
( net of accumulated depreciation )
Governmental Activities 2021 2020
Land |
$ |
22,554,842 |
$ |
21,533,301 |
Land improvements |
|
5,616,962 |
|
6,278,851 |
Buildings |
|
121,916,108 |
|
128,046,528 |
Building improvements |
|
14,496,425 |
|
15,090,119 |
Equipment |
|
2,779,580 |
|
3,554,595 |
Furniture and fixtures |
|
116,765 |
|
162,930 |
Vehicles |
|
5,376,947 |
|
4,892,112 |
Reservoir |
|
21,199,593 |
|
21,221,358 |
Construction in progress |
|
43,111,881 |
|
12,692,048 |
Total |
$ |
237,169,103 |
$ |
213,471,842 |
Capital assets have an initial minimum individual cost of $ 5,000 and an estimated useful life in excess of one year . Capital assets , which include property , plant and equipment , are reported in the applicable governmental or businesstype activities columns in the government-wide financial statements . Such assets are recorded at historical cost or estimated historical cost if purchased or constructed . cabarruscounty . us 18