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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 37, 2010 AND 2009
<br />Note 2: DETAILED NOTES ON ALL FUNDS -CONTINUED
<br />Electric and Water fund capital asset activity for [he year ended December 31, 2009 was as follows:
<br />Capital assets not
<br />being depreciated
<br />Land
<br />Construction in progress
<br />Total capital assets
<br />not being depreciated
<br />Capital assets being depreciated
<br />Land improvements
<br />Buildings
<br />Machinery and equipment
<br />Infrastructure
<br />Total capital assets
<br />being depreciated
<br />Less accumulated
<br />depreciation for
<br />Land improvements
<br />Buildings
<br />Machinery and equipment
<br />Infrastructure
<br />Total accumulated
<br />depreciation
<br />Total capital assets
<br />being depreciated, net
<br />Business-type activities
<br />capital assets, net
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />
<br />$ 281,775 $ - $ - $ 281,775
<br />195,605 1,306,708 (1,417,665) 84,648
<br />
<br />477,380 1,306,708 (1,417,665) 366,423
<br />
<br />63,147 - - 63,147
<br />3,463,486 43,139 - 3,506,625
<br />4,118,344 192,331 (266,697) 4,043,978
<br />73,274,840 1,250,133 - 74,524,973
<br />80,919,817 1,485,603 (266,697) 82,138,723
<br />(36,672) (2,526) - (39,198)
<br />(994,556) (110,405) - (1,104,961)
<br />(2,879,523) (271,593) 266,697 (2,884,419)
<br />(24,150,382) (2,699,263) - (26,849,645)
<br />(28,061,133) (3,083,787) 266,697 (30,878,223)
<br />52,858,684 (1,598,184) - 51,260,500
<br />$ 53,336,064 $ (291,476) $ (1,417,665) $ 51,626,923
<br />Depreciation expense was charged to functions/programs of the Utilities as follows:
<br />2010 2009
<br />Business-type Activities
<br />Water
<br />Electric
<br />Total depreciation expense -business-type activities
<br />$ 955,323 $ 956,993
<br />2,062,942 2,126,794
<br />$ 3,018,265 $ 3,083.787
<br />-40-
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