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Wisconsin Health and Educational Facilities Authority
Notes to Financial Statements
June 30, 2019 and 2018

NOTE 3 CAPITAL ASSETS

Capital assets activity for the year ended June 30, 2019 and 2018 was as follows:

2019 2018
Capital assets, beginning of the year $ 105,528 $ 104,328
Additions 3,214 41,288
Retirements (2,769) (40,088)
Capital assets, end of the year 105,973 105,528
Accumulated depreciation, end of year (66,432) (55,382)
Capital assets, net of depreciation, end of year $ 39,541 $ 50,146

The Authority recognized $13,819 and $13,736 of depreciation expense during the fiscal
years 2019 and 2018, respectively.

NOTE 4 COMPENSATED ABSENCES

Compensated absences as of June 30, 2019 and 2018 are comprised of the following:

2019 2018
Compensated absences, beginning of the year $ 60,867 $ 54,929
Additions 28,407 27,817
Reductions (22,789) (21,879)
Compensated absences, end of the year $ 66,485 $ 60,867

Compensated absences, current portion $ 21,648 $ 22,425

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