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RVCC 2019 NECHE Self-Study

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4. Capital Assets<br />

Capital asset activity for the year ended June 30, 2018 is summarized below:<br />

Beginning<br />

Balance Additions Retirements Transfers<br />

Ending<br />

Balance<br />

Land $ 924,340 $ - $ - $ - $ 924,340<br />

Construction-in-process 4,134,600 4,828,973 - (7,772,164) 1,191,409<br />

Total non-depreciable<br />

assets 5,058,940 4,828,973 - (7,772,164) 2,115,749<br />

Land improvements 6,754,210 - - - 6,754,210<br />

Buildings and improvements 186,208,384 55,623 - 7,772,164 194,036,171<br />

Equipment and vehicles 18,617,757 988,705 (839,359) - 18,767,103<br />

Total depreciable assets 211,580,351 1,044,328 (839,359) 7,772,164 219,557,484<br />

Accumulated depreciation (97,309,247) (8,200,567) 839,359 - (104,670,455)<br />

Capital assets, net $119,330,044 $ (2,327,266) $ - $ - $ 117,002,778<br />

Capital asset activity for the year ended June 30, 2017 is summarized below:<br />

Beginning<br />

Balance Additions Retirements Transfers<br />

Ending<br />

Balance<br />

Land $ 924,340 $ - $ - $ - $ 924,340<br />

Construction-in-process 2,542,562 4,664,378 - (3,072,340) 4,134,600<br />

Total non-depreciable<br />

assets 3,466,902 4,664,378 - (3,072,340) 5,058,940<br />

Land improvements 6,726,714 27,496 - - 6,754,210<br />

Buildings and improvements 183,051,701 84,343 - 3,072,340 186,208,384<br />

Equipment and vehicles 17,840,767 1,222,614 (445,624) - 18,617,757<br />

Total depreciable assets 207,619,182 1,334,453 (445,624) 3,072,340 211,580,351<br />

Accumulated depreciation (89,370,982) (8,383,889) 445,624 - (97,309,247)<br />

Capital assets, net $121,715,102 $ (2,385,058) $ - $ - $119,330,044<br />

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