NOTE 8 General Property, Plant and Equipment, Net
The AOC differentiates its property and equipment by distinct categories (see Note 1.K for the AOC’s capitalization thresholds and related useful lives). In September 2018, the cogeneration project was completed and AOC took possession of the asset.
The following represents these categories and their balances as of September 30, 2019, and 2018:
At September 30, 2019, Dollars in Thousands
CLASS OF PROPERTY AND EQUIPMENT
Buildings
Buildings Improvements
Land
Land Improvements
Capital Leases (Real Property)
Leasehold Improvements
Equipment and Internal Use Software
Other Structures
Construction Work-in-Progress
Total
ACQUISITION VALUE
$
ACCUMULATED DEPRECIATION
1,440,072 $ 809,299 $ 2,240,280 169,231 159,483
110,841 36,423 19,924 17,216 221,016
4,696 —
39,749 22,935 20,822 9,288
NET BOOK VALUE
% 630,773 28.0%
1,073,694 1,166,586 51.8% — 169,231 48,642
3,326 3,011 3,606 4,592 221,016
7.5% 2.2%
0.2% 0.1% 0.2%
0.2% 9.8%
$ 4,322,876 $ 2,072,093 $ 2,250,783 100% At September 30, 2018, Dollars in Thousands
CLASS OF PROPERTY AND EQUIPMENT
Buildings
Buildings Improvements
Land
Land Improvements
Capital Leases (Real Property)
Leasehold Improvements
Equipment and Internal Use Software
Other Structures
Construction Work-in-Progress
Total
ACQUISITION VALUE
$
ACCUMULATED DEPRECIATION
989,758
NET BOOK VALUE
%
1,438,973 $ 778,871 $ 660,102 30.5% 1,988,978 169,231 159,483
103,177 39,749 22,934 20,003 9,288 261,630 35,877 19,462 17,313 4,336
The educational, artistic, architectural and historical significance of the U.S. Capitol, Senate, House, Supreme Court, and Jefferson buildings meets the FASAB criteria for heritage assets. Since these buildings are currently used for day-to-day business, they are further classified as multiuse heritage assets (see Note 9). As a result, they are depreciated in the same manner as if they were general purpose assets. Although the original assets are fully depreciated, subsequent improvements and betterments to the buildings are currently being depreciated in accordance with established policy. The AOC is responsible for reviewing and authorizing all structural and architectural changes to the buildings and grounds prior to any change occurring.
NOTE 9 Stewardship PP&E
The AOC maintains and preserves stewardship PP&E that is central to its mission to serve Congress and the Supreme Court, preserve America’s Capitol and inspire memorable experiences. Authority for the AOC’s care and maintenance of the U.S. Capitol Building was established by legislation in 1876. The agency maintains multiple categories of heritage assets, including historic buildings and structures and their historic fabric, stewardship lands and cultural landscapes, artwork, architectural features, reference and library materials, archival records and living botanical assets. The AOC shares responsibility for certain heritage assets with the curators for the U.S. Senate and the House of Representatives. These heritage assets are categorized as joint works of art and included in the AOC’s inventory. For example, while the AOC is responsible for the architectural fine art adorning the U.S. Supreme Court Building, the collectible fine art within the building is cared for by the curator of the Supreme Court of the United States.
999,220 46.2%
— 169,231 7.8% 56,306 2.6%
3,872 0.2% 3,472 0.2% 2,690 0.1% 4,952 0.2% — 261,630 12.2% $ 4,110,269 $ 1,948,794 $ 2,161,475 100%
The decrease in work-in-progress reflects the completion of ongoing capital improvement projects. This is also consistent with the increase in Buildings and related improvements, and is primarily attributed to various House Office Buildings projects.
The AOC’s heritage asset management is principally guided by the Secretary of the Interior’s Standards and Guidelines for Treatment of Historic Properties and Cultural Landscapes and by the Code of Ethics and Guidelines for Practice of the American Institute for Conservation of Historic and Artistic Works. The reference and library materials collection is guided by the National Archives and Records Administration preservation standards and the living botanical assets col lection is guided by the standards for care of the American Alliance of Museums and Botanic Garden Conservation International. The AOC’s heritage asset collections are described more fully in the Required Supplementary Information (RSI). Deferred maintenance and repairs related to its heritage assets are separately disclosed as RSI.
Historic Buildings and Structures The AOC maintains multiple historic buildings and structures, including the U.S. Capitol Building, Russell Senate Office Building, Dirksen Senate Office Building, Hart Senate Office Building, Senate Underground Garage, Daniel Webster Page Residence,
110 Section III • Financial Information ARCHITECT OF THE CAPITOL
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