2023 Annual Comprehensive Report

Other Intangible Assets are recorded as follows:

Software &

Accumulated Amortization

Licenses

Easements

Governmental Activities: General Government Assets $

$

3,684,817 1,181,969 4,866,786

$

3,338,219 1,181,969 4,520,188

Capital Leasing Fund

Total

$

$

$

Business-Type Activities: Water Resources Fund

$

25,722,406 1,677,897

$

5,744,570 441,548 136,305

$

5,564,701 441,548 136,305

Stormwater Fund

GTAC

Other Non-Major Enterprise Fund

90,605

49,218

49,218

Total

$

27,490,908

$

6,371,641

$

6,191,772

Software and Licenses are amortized over an estimated useful life of 3 to 7 years. Easements represent non-depreciable assets.

Right to Use Lease Assets activity for the City for the year ended June 30, 2023, was as follows:

Governmental Activites:

Beginning

Ending Balance

Balance

Increases

Decreases

Right to Use Lease Assets Equipment

$

15,174,154 8,205,596 3,627,667

$

3,729,534

$

(1,342,538)

$

17,561,150 8,205,596 4,137,644

Buildings

Computer Equipment

1,058,911

(548,934)

Furniture

10,192

10,192

Total Right to Use Lease Assets

27,017,609

4,788,445

(1,891,472)

29,914,582

Less Accumulated Amortization for: Equipment

(3,830,390) (740,786) (982,421)

(3,924,431) (783,850) (1,254,589)

1,342,538

(6,412,283) (1,524,636) (1,688,076)

Buildings

Computer Equipment

548,934

Furniture

(2,983)

(2,983)

(5,966)

Total Accumulated Amortization

(5,556,580)

(5,965,853)

1,891,472

(9,630,961)

Right to Use Lease Assets, Net

$

21,461,029

$

(1,177,408)

$

$

20,283,621

40s