Comprehensive Annual Financial Report - St. Tammany Parish ...

ST. TAMMANY PARISH GOVERNMENT
Notes to the Financial Statements 2010
service fund used to account for Public Works Administration (504) was closed as of December 31, 2010 into the Parish
Road Maintenance fund (015). The assets were reclassed (transferred) from Internal Service Funds to Governmental
Activity general capital assets totaling $188,880, net of depreciation.
Capital assets and depreciation activity for the year ended December 31, 2010, for the component units are as follows:
Discretely presented component units Beginning Balance Increases Decreases Ending Balance
Capital assets, not being depreciated
Land $8,435,648 $485,267 $ - $8,920,915
Construction in progress 2,182,407 4,061,032 (182,828) 6,060,611
Total capital assets, not being depreciated 10,618,055 4,546,299 (182,828) 14,981,526
Capital assets being depreciated
Buildings and improvements 53,048,758 1,875,314 (38,100) 54,885,972
Sewer/Water plant, equipment & improvements 4,692,880 78,035 - 4,770,915
Machinery and equipment 24,962,171 1,543,649 (95,888) 26,409,932
Aircraft and related equipment 1,137,333 - - 1,137,333
Vehicles 10,507,858 452,744 (188,929) 10,771,673
Furniture and equipment 3,912,760 408,619 - 4,321,379
Infrastructure 4,886,055 263,516 - 5,149,571
Books 8,417,616 649,682 (908,860) 8,158,438
Total capital assets being depreciated 111,565,431 5,271,559 (1,231,777) 115,605,213
Less accumulated depreciation for:
Buildings (11,802,043) (1,845,723) - (13,647,766)
Sewer/Water plant, equipment &improvements (2,847,302) (120,996) - (2,968,298)
Machinery and equipment (13,337,858) (1,862,045) 85,010 (15,114,893)
Aircraft and related equipment (712,125) (77,922) - (790,047)
Vehicles (5,338,015) (736,375) 128,612 (5,945,778)
Furniture and equipment (2,222,685) (375,530) - (2,598,215)
Infrastructure (864,300) (168,463) - (1,032,763)
Books (7,152,165) (633,798) 908,860 (6,877,103)
Total accumulated depreciation (44,276,493) (5,820,852) 1,122,482 (48,974,863)
Total capital assets being depreciated, net 67,288,938 (549,293) (109,295) 66,630,350
Total capital assets, net $77,906,993 $3,997,006 ($292,123) $81,611,876
D. Contractual Commitments
Primary Government
The Parish had active projects as of December 31, 2010. At year-end, the commitments with contractors are as follows:
Project Name Expenditures to Date Remaining Commitment
Twin Span Fishing Pier $ 19,300 $ -
I-12 Service Rd Lateral 24,840 178,207
Abita Airport Improvements 68 329,666
Labarre St. Detention Pond/Drainage Imp 40 46,225
Bayou Chinchuba Detention Pond 4,093 35,457
Cypress Bayou Detention Pond 2,400 43,825
Tantella Ranch Rd Extention 19,600 -
Covington Bypass 1,417,305 1,705,993
Brewster Rd Extension 412,046 -
Harrison Ave Extension 51,110 -
Voters Rd at Hwy 433 77,240 -
Alton Sewer Upgrades 593,973 43,167
District No. 5 Improvements 75,787 1,295
Woodridge Drainage 465,038 16,535
Commercial Square Drainage 85,638 -
Parc Du Lac Weir 11,330 -
Pearl Acres Rd Improvements 960,188 380,735
Greenleaves Z Wall Repair 233,480 -
Rosedown Way & Camden Ct Drainage 28,825 12,650
District No. 1 Road Improvements 68 568,269
District No. 3 Road Improvements 235,110 637,925
64