Page 44 - BAA CAFR 2017

BIRMINGHAM AIRPORT AUTHORITY
NOTES TO THE FINANCIAL STATEMENTS

NOTE 6 CHANGES IN CAPITAL ASSETS

A summary of the changes in capital assets for the year ended June 30, 2017 and
2016, is as follows:

Balance at Balance at
Governmental Activities 07/01/16 Additions Deductions 06/30/17
Capital assets not being
depreciated:
Land $ 183,475,374 $ 13,550 $ - $ 183,488,924
Construction in progress 9,507,043 5,675,673 (5,222,515) 9,960,201
Total capital assets, not
being depreciated 192,982,417 5,689,223 (5,222,515) 193,449,125
Capital assets being
depreciated:
Buildings 278,700,061 552,620 (324,418) 278,928,263
Infrastructure improvements 214,848,534 3,278,866 - 218,127,400
Machinery and equipment 61,102,412 1,722,266 - 62,824,678
Furniture and fixtures 4,315,514 59,103 - 4,374,617
Total capital assets
being depreciated 558,966,521 5,612,855 (324,418) 564,254,958
Less accumulated
depreciation on:
Buildings (73,513,170) (7,025,521) - (80,538,691)
Infrastructure improvements (112,068,946) (6,541,208) - (118,610,154)
Machinery and equipment (18,633,412) (3,368,883) - (22,002,295)
Furniture and fixtures (1,186,539) (236,017) - (1,422,556)
Total accumulated
depreciation (205,402,067) (17,171,629) - (222,573,696)
Total capital assets
depreciated, net 353,564,454 (11,558,774) (324,418) 341,681,262
Total capital assets, net $ 546,546,871 $ (5,869,551) $ (5,546,933) $ 535,130,387

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