CRA Annual Report 20/21 | Page 58

City of Port St . Lucie , Florida Community Redevelopment Agency

Notes to the Financial Statements For the Year Ended September 30 , 2021

NOTE 4 . CAPITAL ASSETS
A .
CAPITAL ASSETS
Capital asset activity for the year ended September 30 , 2021 , was as follows :
Beginning
Balance
Additions
Deductions
Transfers
Ending Balance
Governmental Activities
Capital Assets , not being depreciated / amortized Land
$
6,604,781
$
115,326
$
-
$
-
$
6,720,107
Total Capital Assets , Not Being Depreciated
6,604,781
115,326
-
-
6,720,107
Capital Assets , Being Depreciated / Amortized : Building
17,814,827
-
( 1,800,000 )
-
16,014,827
Improvements other than buildings
3,209,614
-
-
-
3,209,614
Machinery and equipment
1,231
-
-
-
1,231
Infrastructure
9,795,129
-
-
-
9,795,129
Total Capital Assets , Being Depreciated
30,820,801
-
( 1,800,000 )
-
29,020,801
Less Accumulated Depreciation / Amortization for : Building
5,251,739
391,049
( 437,932 )
-
5,204,856
Improvements other than buildings
2,152,927
186,475
-
-
2,339,402
Machinery and equipment
595
246
-
-
841
Infrastructure
3,127,418
246,433
-
-
3,373,851
Total Accumulated Depreciation
10,532,679
824,203
( 437,932 )
-
10,918,950
Total Capital Assets , Being Depreciated - Net
20,288,122
( 824,203 )
( 1,362,068 )
-
18,101,851
Total
$ 26,892,903
$
( 708,877 ) $ ( 1,362,068 ) $
-
$ 24,821,958
* Depreciation / Amortization expense was charged to functions as follow :
Governmental Activities :
Economic Environment
$
824,203
Subtotal $ 824,203
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