NOTE 5 CAPITAL ASSETS
NOTE 5 Capital Assets A summary of the changes in the MDTA’s capital assets for the year ended June 30, 2024 is as follows:
Balance June 30, 2023
Additions and Transfers
Deductions and Transfers
Balance June 30, 2024
Capital assets not being depreciated: Land Construction in progress Total non-depreciated Capital assets being depreciated: Infrastructure Buildings Equipment Leased Office Space Less accumulated depreciation for: Infrastructure Buildings Equipment Leased Office Space
$
406,882 1,898,986 2,305,868
$
247 399,546 399,793
$
— (523,278) (523,278)
$
407,129 1,775,254 2,182,383
7,258,320 261,196 93,794 1,606 7,614,916 2,438,348 47,950 54,823 258 2,541,379
506,470 16,807 7,625 — 530,902 166,864 5,350 7,402 129 179,745
(158,129) (1,796) (1,600) — (161,525)
7,606,661 276,207 99,819 1,606 7,984,293 2,506,139 51,920 60,625 387 2,619,071
(99,073) (1,380) (1,600) — (102,053)
Total depreciated
5,073,537
351,157
(59,472)
5,365,222
Capital Assets, Net
$ 7,379,405
$
750,950
$ (582,750)
$ 7,547,605
Pollution Remediation Obligations A pollution remediation obligation is an obligation to address the current or potential detrimental effects of existing pollution by participating in pollution remediation activities, including pre-cleanup activities, cleanup activities, government oversight and enforcement. Obligating events that initiate the recognition of a pollution remediation liability include any of the following: • An imminent threat to public health due to pollution; • The government is in violation of a pollution prevention-related permit or license; • The government is named by a regulator as a responsible or potentially responsible party to participate in remediation; • The government is named or there is evidence to indicate that it will be named in a lawsuit that compels participation in remediation activities; or • The government voluntarily commences or legally obligates itself to commence remediation efforts.
58 | Maryland Transportation Authority | Notes to the Financial Statements ($ in thousands)
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