Changes in property, plant and equipment are as follows for the year ended June 30, 2019: Balance June 30, 2018 Capital assets not being depreciated/amortized: Construction in progress Land Total capital assets not being depreciated/amortized Other capital assets: Lines and improvements Equipment Buildings Vehicles Advance capacity payments Total other capital assets Total capital assets before accumulated depreciation and amortization Depreciation/amortization for: Lines and improvements Equipment Buildings Vehicles Advance capacity payments Total accumulated depreciation and amortization $ 38,570,044 5,066,504 43,636,548 877,380,581 248,774,389 147,450,130 8,175,872 202,384,715 1,484,165,687 1,527,802,235 (245,650,690) (146,262,843) (57,167,536) (6,010,903) (48,704,791) (503,796,763) Total property, plant and equipment, net of accumulated depreciation and amortization $ 1,024,005,472 Additions $ 40,706,557 55,166 40,761,723 21,852,575 2,358,011 766,417 1,052,314 3,898,519 29,927,836 70,689,559 (17,630,016) (13,042,967) (4,261,843) (618,888) (5,436,265) (40,989,979) $ 29,699,580 Reductions $ (1,252,746) (34,778) (1,287,524) (223,353) (3,276,357) (130,930) (615,899) – (4,246,539) (5,534,063) 138,851 3,239,343 69,994 613,265 – 4,061,453 $ (1,472,610) 4 equity in upper occoquan service authority UOSA was created under the provisions of the Virginia Water and Sewer Authorities Act to be the single regional entity to construct, finance and operate the regional sewage treatment facility mandated by the Occoquan policy for the upper portion of the Occoquan Watershed. UOSA is a joint venture formed on March 3, 1971 by a concurrent resolution of the governing bodies of Fairfax and Prince William Counties and the Cities of Manassas and Manassas Park. The Prince William County BOCS assigned all rights and obligations of its allocated capacity to the Authority in 1983. During fiscal years 1989, 1995, and 2005, UOSA’s capacity was increased and each jurisdiction’s percentage was adjusted accordingly. The Authority’s equity interest in UOSA reported on the accompanying Statements of Net Position as of June 30, 2020 and 2019 is calculated based on its percentage share of capacity in effect for UOSA’s fiscal years ended June 30, 2019 and 2018, respectively. The equity interest in UOSA is calculated one year in arrears due to the timing of UOSA’s published financial statements. In January 2008, and again in March 2011, the Authority made purchases totaling an additional 4 MGD of existing plant capacity at UOSA from Fairfax County, at a combined cost of $73,517,586 for both transactions. With these purchases, the Authority’s effective share of the total Permitted UOSA Plant Capacity of 54 MGD, as defined in the transaction agreements, is 36.66%, or approximately 19.8 MGD. $ Transfers/Other Adjustments $ (22,713,694) – (22,713,694) 10,174,761 11,930,938 607,995 – – 22,713,694 – – – – – – – – Balance June 30, 2019 $ 55,310,161 5,086,892 60,397,053 909,184,564 259,786,981 148,693,612 8,612,287 206,283,234 1,532,560,678 1,592,957,731 (263,141,855) (156,066,467) (61,359,385) (6,016,526) (54,141,056) (540,725,289) $ 1,052,232,442 46 FINANCIAL SECTION NOTES TO FINANCIAL STATEMENTS
Prince William County Service Authority | 4 County Complex Court Woodbridge, VA 22192
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