Information in the CFAR of the Town of Weston reported general capital assets un the following amounts as of April 30, 2004. Cost Accumulated Depreciation Land $1,326,780 $ -0- Buildings 7,282,680 1,439,000 Improvements other than buildings 3,027,790 928,400 Equipment 1,733,820 837,500 Construction work in progress 401,130 -0- Infrastructure assets 3,500,000 900,000 During the fiscal year (FY) 2005, the following changes in general capital assets took place: 1. A project started during FY2005 was being financed by a tax-supported bond issue of $3,000,000 sold at par during the year and a federal grant of $1,000,000, both accounted for through a capital projects fund. By the end of FY2005, $80,000 of the federal grant had been received and expended for planning and engineering for a project in progress. Bond proceeds expended during the year totaled $900,000 ($300,000 for land and $600,000 for the building under construction). 2. Records of capital projects funds reported that construction work in progress at the end of FY2004 was completed during FY2005 at a total cost of $799,066, all financed from special assessment bonds. All of the construction resulted in additions to the Imnenumant Other than Duildings account