Capital Assets and Debt Administration The Authority maintains investments in a broad range of capital assets, which include land, buildings, water and sanitary sewer lines, water storage facilities (tanks), water reclamation plants, pumping stations, various machinery and equipment, computers, advance capacity payments and vehicles. At June 30, 2020, capital assets, net of accumulated depreciation and amortization, was $1.06 billion, an increase of $3.0 million or 0.3% over fiscal year 2019. The following table summarizes the Authority’s capital assets, net of accumulated depreciation and amortization, and the changes therein for the years ended June 30, 2020 and 2019. Capital Assets, Net of Accumulated Depreciation and Amortization 2020 2019 Lines and improvements Equipment Buildings Construction in progress Land Vehicles Advance Capacity Payments Total Capital Assets $ 666,013,565 97,489,684 88,891,943 41,673,879 9,597,373 2,835,763 148,767,748 $ 1,055,269,955 $ 646,042,709 103,720,514 87,334,227 55,310,161 5,086,892 2,595,761 152,142,178 $ 1,052,232,442 Increase (Decrease) $ 19,970,856 (6,230,830) 1,557,716 (13,636,282) 4,510,481 240,002 (3,374,430) $ 3,037,513 % Change 3.1% (6.0) 1.8 (24.7) 88.7 9.2 (2.2) 0.3% At June 30, 2019, capital assets, net of accumulated depreciation and amortization, was $1.05 billion, an increase of $28.2 million or 2.8% over fiscal year 2018. The following table summarizes the Authority’s capital assets, net of accumulated depreciation and amortization, and the changes therein for the years ended June 30, 2019 and 2018. Capital Assets, Net of Accumulated Depreciation and Amortization 2019 2018 Lines and improvements Equipment Buildings Construction in progress Land Vehicles Advance Capacity Payments Total Capital Assets $ 646,042,709 103,720,514 87,334,227 55,310,161 5,086,892 2,595,761 152,142,178 $1,052,232,442 $ 631,729,891 102,511,546 90,282,594 38,570,044 5,066,504 2,164,969 153,679,924 $ 1,024,005,472 Increase (Decrease) $ 14,312,818 1,208,968 (2,948,367) 16,740,117 20,388 430,792 (1,537,746) $ 28,226,970 % Change 2.3% 1.2 (3.3) 43.4 0.4 19.9 (1.0) 2.8 Additional information on the Authority’s capital assets can be found in Note 1(g), Summary of Significant Accounting Policies, and Note 3, Property, Plant and Equipment, to the accompanying basic financial statements. Capital Assets, Net of Accumulated Depreciation and Amortization Capital projects are planned and organized within the following functional project categories: • Water Supply – booster pumping stations and water source projects. • Water Storage – tank projects intended to maintain stable water system pressure, provide fire and reserve storage, and provide water during peak demands that exceed supply, transmission capacity or pumping capacity. • Water Transmission – water main projects (transmission and distribution mains). • Sewage Pumping Stations (SPS) – pump station projects (pump sewage from a low point in one gravity sewer shed to another gravity sewer shed for conveyance to a water reclamation facility). These projects often involve installation of a bypass connection on the force main, which enables the Authority to continue handling the wastewater flows while maintenance is performed on a pump station. 24 FINANCIAL SECTION MANAGEMENT’S DISCUSSION AND ANALY SIS
Prince William County Service Authority | 4 County Complex Court Woodbridge, VA 22192
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