2014-COH - Comprehensive Annual Financial Report

Home

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, 2014 amounts to $1,054 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 4 percent. Major capital asset events during the current fiscal year included the following: • Construction continued on Na Kahua Hale O Ulu Wini Housing Project (formerly known as Kaloko Housing Program) and costs at the end of the current fiscal year for Phases 3 and 4 totaled $8.1 million of which $2.7 was from the current fiscal year; the portion relating to the completed Phase 3 was transferred to Building and Improvements. • Construction continued on the County's Corporation Counsel and Liquor Control Offices Hazardous Abatement and Restoration project; construction in progress as of the end of the current fiscal year increased by $2.6 million to reach a total of $5.0 million, which was transferred to Buildings and Improvements. • Construction continued on the Kalaniana`ole Sewer Interceptor Line Rehabilitation Phase 2; construction in progress as of the end of the current fiscal year increased by $2.1 million to reach a total of $7.5 million, which was transferred to Buildings and Improvements. • Construction continued on the Reed Island Bridge Rehabilitation; construction in progress as of the end of the current fiscal year increased by $5.8 million to reach a total of $8.0 million, which was transferred to Infrastructure. • Construction continued on the La`aloa Avenue Extension with work also beginning on Phase 2 of the project; construction in progress for both phases as of the end of the current fiscal year increased by $4.8 million to reach a total of $6.1 million. • Construction continued on the Kaiminani Drive Roadway Improvements Phase I; construction in progress as of the end of the current fiscal year had reached $8.3 million with $2.2 million coming from the current fiscal year. • Construction continued on the Kamehameha Avenue Reconstruction (Wailoa Bridge to Ponahawai) project; construction in progress as of the end of the current fiscal year had reached $2.5 million with $2.1 million coming from the current fiscal year. 0 Construction began on two projects associated with the Honoka`a Rodeo Arena, which were the accessibility improvements and the covered bleachers facility. Costs for both projects reached a total of $2.8 million, which was transferred to Building and Improvements. • $17.9 million of dedicated roads were received by the County in the current fiscal year. • $6.6 million of various other equipment and real property were dedicated and donated to the County in the current fiscal year. -24-