2013-COH - Comprehensive Annual Financial Report

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$3.5 million is due to the fact that the increase in health premiums for employees' was lower than originally anticipated. CAPITAL ASSET AND DEBT ADMINISTRATION Capital assets. The County's investment in capital assets for its governmental and business -type activities as of June 30, 2013 amounts to $1,011 million (net of accumulated depreciation). This investment in capital assets includes land and improvements, buildings and improvements, equipment, easements, and infrastructure assets, which consists of primarily roads and bridges. The total increase in the County's investment in capital assets for the current fiscal year was 10 percent. Major capital asset events during the current fiscal year included the following: • Construction continued on the Ane Keohokalole Highway; additional construction costs of $1.3 million were capitalized during the fiscal year. • Construction continued on Na Kahua Hale 0 Ulu Wini Housing Project (formerly known as Kaloko Housing Program) and related housing employment training facility; construction in progress as of the end of the current fiscal year for both projects increased by $5.6 million to reach a total of $6.7 million, of which the portions relating to the completed phases were transferred to Building and Improvements. • Construction continued on the Kalanianaole Sewer Interceptor Line Rehabilitation Phase 2; construction in progress as of the end of the current fiscal year increased by $5.1 million to reach a total of $5.3 million. • Construction began on two Mamalahoa Highway Earthquake projects (MP 4.4 and 8.9); construction in progress as of the end of the current fiscal year for both projects had reached $3.9 million, which was transferred to Infrastructure. • Construction began on the Edith Kanakaole Multi -Purpose Stadium Improvements; construction in progress as of the end of the current fiscal year had reached $3.3 million, which was transferred to Buildings and Improvements. ■ Construction began on the Kaiminani Drive Roadway Improvements Phase I; construction in progress as of the end of the current fiscal year had reached $6.1 million. • $68.5 million of dedicated roads were received by the County in the current fiscal year. • $8.1 million of various other equipment and real property were dedicated and donated to the County in the current fiscal year. -23-