60 / 373
2t
Cost containments during FY 2016 allowed for new staff additions with no increase in the
property tax rate. Approximately 4 net new FTE’s were added, including 18 new fire
positions, partially offset by 14.3 FTE reductions mainly in Culture and Recreation, General
Government, Transportation, and Field Operations without interruption to key service
delivery.
FY 2016 included a 2.5% average merit increase for employees, along with further
implementation of compensation study recommendations.
Capital Asset and Debt Administration
A. Capital Assets
The City’s investment in capital assets including intangible assets for both its governmental and
business-type activities as of June 30, 2016, amounts to $1,240,294,587 (net of accumulated
depreciation/amortization). These assets include buildings, roads and bridges, land, machinery and
equipment, park facilities, vehicles and intangible assets such as easements, software and licenses and
water rights among other types of assets. This investment represents an increase of $54,553,373 or
4.6% over the prior year.
Table C-1
Capital Assets
(Net of Depreciation/Amortization-in thousands of dollars)
2016
2015
2016
2015
2016
2015
Land
$ 87,106 $ 84,247 $ 45,869 $ 45,638 $ 132,975 $ 129,885
Construction in Progress
17,032 11,449 90,094 44,942 107,126
56,391
Intangible Assets-Easements
22,252 21,179 22,252
21,179
Buildings
101,221 105,905 172,602 171,520 273,823
277,425
Land Improvements
13,501 14,475 24,573 26,172 38,074
40,647
Improvements Other Than
Buildings
89 92 4,768 5,014 4,857
5,106
Furniture, Fixtures, Machinery
and Equipment
45,356 40
,001 25,338 25,137
70,694
65,138
Infrastructure
152,335 149,135 359,860 361,393 512,195
510,528
Intangible Assets
149 249 78,150 79,193 78,299
79,442
Total Capital Assets
$ 416,789 $ 405,553 $ 823,506 $ 780,188 $1,240,295 $1,185,741
Total
Governmental
Business-Type
Activities
Activities
This year’s major capital asset additions included:
Business Activities asset additions totaled over $43 million, with nearly all of the increase due to
new construction in progress for utility system improvements. Developers also donated more than
$3 million of the over $7.7 million in water and sewer infrastructure line improvements.
General government infrastructure additions were mainly sidewalk, street, and right-of-way ($12
million) some of which are bond funded. The City also added $13 million to its heavy equipment
and fleet inventory, maintained in the Equipment Services Internal Service Fund.