Distrito Escolar del - Osceola County School District

Capital Assets
CAPITAL ASSETS AND DEBT ADMINISTRATION
The District’s investment in capital assets for the governmental activities as of June 30, 2012, amounts to
$785,785,145 (net of accumulated depreciation). This investment in capital assets includes land; construction in
progress; improvements other than buildings; buildings and fixed equipment; furniture, fixtures and equipment;
motor vehicles; investments in the educational facilities benefit district; and audio visual materials and computer
software. The total increase in the District’s investment in capital assets (net of accumulated depreciation) for the
current fiscal year was $6,754,170, or a .87 percent increase from the 2010-11 fiscal year.
Major capital asset events during the current fiscal year included the following:
‣ Completion of major renovations for one elementary school.
‣ Completion of cafeteria expansion at one high school.
‣ Construction in progress for renovation of cafeteria/admin/media areas at one elementary school.
‣ Construction in progress for major renovations at two high schools.
‣ Completion of bus parking/fueling area at satellite facility.
‣ Completion of upgrades to the district server room.
‣ Completion of remodeling of core space at one middle school and one K-8 school.
‣ Completion of HVAC renovations at one middle school.
Following is a summary of the District’s capital assets as of June 30, 2012, compared to June 30, 2011.
Schedule of Capital Assets
(net of accumulated depreciation)
Governmental Activities
June 30, 2012 June 30, 2011
Land $ 50,023,884 $ 49,997,414
Construction in Progress 111,437,783 106,146,043
Improvements Other Than Buildings
15,618,463 15,000,027
Buildings and Fixed Equipment
573,435,824 568,626,896
Furniture, Fixtures, and Equipment
16,179,504 18,184,094
Motor Vehicles 12,289,991 14,001,057
Investment In EFBD 6,275,889 6,425,019
Audio Visual Materials and
Computer Software 523,807 650,425
Total $ 785,785,145 $ 779,030,975
Additional information on the District’s capital assets can be found in Notes 5 and 20 to the financial statements.
Long-Term Debt
At the end of the current fiscal year, the District’s long-term debt principal, excluding premiums and discounts,
totals $309,674,728. Of this amount, $283,940,000 is outstanding bonded debt, $16,044,967 is outstanding notes
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