Capital Asset and Debt Administration

Capital Assets

The District’s investment in capital assets net of accumulated depreciation as of June 30, 2021, amounts to $1,264,539,533. This investment in capital assets includes land; construction in progress; improvements other than buildings; buildings and fixed equipment; furniture, fixtures and equipment; motor vehicles; and audio visual materials and computer software.

Capital Assets (net of depreciation)

Governmental Activities Business-type Activities

Total School District

Percentage

	2021	2020	2021	2020	2021	2020	Change
Land	$ 87,942,492	$ 87,622,959	$ -	$ -	$ 87,942,492	$ 87,622,959	0.36%
Construction in Progress	199,150,195	126,182,069	-	-	199,150,195	126,182,069	57.83%
Improvements Other Than Buildings	20,926,944	21,422,426	11,546	12,728	20,938,490	21,435,154	-2.32%
Building and Fixed Equipment	888,193,187	885,855,963	9,681	11,237	888,202,868	885,867,200	0.26%
Furniture, Fixtures and Equipment	33,646,429	30,251,269	43,027	55,137	33,689,456	30,306,406	11.16%
Motor Vehicles	26,236,641	25,082,389	18,313	22,738	26,254,954	25,105,127	4.58%
Audio Visual Materials	7,917	6,032	-	-	7,917	6,032	31.25%
Computer Sotfware	8,435,728	7,102,322	12,758	13,027	8,448,486	7,115,349	18.74%
Total	$ 1,264,539,533	$ 1,183,525,429	$ 95,325	$ 114,867	$ 1,264,634,858	$ 1,183,640,296	6.84%

Major capital asset events included the following:

• Cypress Creek Middle School completed

• Land O’ Lakes High School renovation completed

• Zephyrhills High School Phase I and II completed

• Classroom additions at Sunlake High School and Bexley Elementary School completed

• Purchase of 41 diesel buses and service vehicles and trucks

• Purchase of 17,442 student and staff computers

Additional information on the District’s capital assets can be found in the notes to the financial statements in Note 6 - Changes in Capital Assets.

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