City of Port St . Lucie Community Redevelopment Agency Management ' s Discussion and Analysis For the Year Ended September 30 , 2021
Capital Assets . The CRA ' s capital assets for the fiscal year ended September 30 , 2021 , amounts to $ 24.8 million , net of accumulated depreciation . This investment in capital assets includes land , building , and infrastructures .
The following table provides a detailed listing of the CRA ' s capital assets , net of accumulated depreciation .
City of Port St . Lucie Community Redevelopment Agency Capital Assets ( net of depreciation ) as of September 30 , ( in Millions )
2021 2020
Land $ 6.7 $ 6.6
Buildings 10.8 12.6
Improvements other than |
|
|
buildings |
0.9 |
1.1 |
Infrastructure 6.4 6.6 Total Capital Assets $ 24.8 $ 26.9
Additional information regarding the CRA ' s capital assets can be found in the Notes to the Financial Statements , in Note 4 , Capital Assets .
Long-term Liabilities . At the end of fiscal year 2021 , the CRA had total long-term liabilities of $ 25.7 million . As shown in the schedule below , the CRA experienced decreases in long-term liabilities of $( 4.4 ) million . The CRA has a Revenue bond payable from and collateralized by a lien upon and pledge of the net tax increment revenues generated in the Community Redevelopment Area .
City of Port St . Lucie Community Redevelopment Agency Long-Term Liabilities as of September 30 , ( in Millions )
2021 2020
Revenue bonds |
$ |
24.0 |
$ |
27.7 |
Compensated absences |
- |
- |
Unamortized bond premiums |
|
1.7 |
|
2.4 |
Total long term liabilities |
$ |
25.7 |
$ |
30.1 |
Additional information on the CRA ' s long-term liabilities can be found in the Notes to the Financial Statements , Note 5 , Long- Term Liabilities .
3