CITY OF LAGUNA NIGUEL NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2024 NOTE 5 CAPITAL ASSETS (CONTINUED) Depreciation and amortization expense was charged to the City’s programs as follows: Governmental Activities: General Government $ 708,65 0 Public Safety 78,202 Community Development 72,633 Parks and Recreation 2,172,921 Public Works 5,546,238 Total Depreciation and Amortization Expense $ 8,578,644 Infrastructure assets comprise a significant portion of capital assets. Infrastructure assets are further identified by type as follows: Balance Balance June 30, 2023 Additions Deletions June 30, 2024 Infrastructure Assets: Streets $ 306,778,308 $ 6,497,789 $ - $ 313,276,097 Storm Drains 21,301,683 - - 21,301,683 Traffic Signals 10,340,486 189,975 - 10,530,461 Bridges 5,625,168 - - 5,625,168 Trails 7,200,282 - - 7,200,282 Total Infrastructure Assets 351,245,927 6,687,764 - 357,933,691 Less: Accumulated Depreciation for: Streets (124,002,095) (4,017,638) - (128,019,733) Storm Drains (10,924,295) (282,536) - (11,206,831) Traffic Signals (4,302,956) (139,791) - (4,442,747) Bridges (2,245,017) (93,796) - (2,338,813) Trails (2,211,136) (120,304) - (2,331,440) Total Accumulated Depreciation (143,685,499) (4,654,065) - (148,339,564) Total Infrastructure Assets, Net $ 207,560,428 $ 2,033,699 $ - $ 209,594,127 NOTE 6 INTERFUND ACTIVITY A. Due From and To Other Funds The composition of interfund balances as of June 30, 2024, is as follows: Due to Other Funds Nonmajor Governmental Due from Other Funds Funds Total Governmental Funds: General Fund $ 18,227 $ 18,227 (56)