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CITY OF ELK RIVE MINNESOTA ,
<br />NOTES TO FINANCIAL STATEMENTS '
<br />DECEMBER 31, 2010
<br />Note 3: DETAILED NOTES ON ALL FUNDS -CONTINUED '
<br />D. Capital Assets
<br />In accordance with GASB Statement No. 34, the City has reported all capital assets including infrastructure in the '
<br />government-wide statement of net assets. Capital asset activity for the year ended December 31, 2010 was as follows:
<br /> Beginning Ending
<br />
<br />Primary Government
<br />Balance
<br />Additions
<br />Deletions
<br />Balance '
<br />Governmental activities:
<br />Capital assets not being depreciated:
<br />
<br />Land
<br />$ 37,407,782
<br />$ 61,850
<br />$ -
<br />$ 37,469,632 '
<br />Construction in progress 4,555,760 - (4,555,760) -
<br />Total capital assets
<br />not being depreciated 41,963,542 61,850 (4,555,760) 37,469,632
<br />
<br />Capital assets being depreciated: '
<br />Buildings 36,111,988 121,533 - 36,233,521
<br />Other improvements 4,325,930 316,222 - 4,642,152
<br />
<br />Equipment
<br />9,358,539
<br />1,001,916
<br />(414,393)
<br />9,946,062 ,
<br />Infrastructure 70,951,929 4,649,760 (473,147) 75,128,542
<br />Total capital assets
<br />being depreciated 120,748,386 6,089,431 (887,540) 125,950,277
<br />
<br />Less accumulated depreciation for: '
<br />Buildings 8,360,090 1,381,973 - 9,742,063
<br />Other improvements 1,828,517 282,910 - 2,111,427
<br />Equipment 5,723,434 808,751 (386,053) 6,146,132
<br />
<br />Infrastructure
<br />31,059,505
<br />2,813,441
<br />(473,147}
<br />33,399,799 '
<br />Total accumulated depreciation 46,971,546 5,287,075 (859,200) 51,399,421
<br />Total capital assets
<br />
<br />being depreciated, net
<br />73,776,840
<br />802,356
<br />(28,340)
<br />74,550,856 '
<br />Governmental activities
<br />capital assets, net $ 115,740.382 $ 864.206 $ (4,584,1001 $ 112,020,488
<br />Business-type activities: '
<br />Capital assets not being depreciated:
<br />Land $ 1,516,631 $ - $ - $ 1,516,631
<br />Construction in progress 84,648 985,062 (650,725} 418,985 '
<br />Total capital assets
<br />not being depreciated 1,601,279 985,062 (650,725) 1,935,616
<br />Capital assets being depreciated: '
<br />Buildings 19,561,353 - (218,563) 19,342,790
<br />Equipment 4,721,187 111,857 (80,693) 4,752,351
<br />Collection and distribution 98,013,047 1,058,673 - 99,071,720
<br />
<br />Total capital assets '
<br />being depreciated 122,295,587 1,170,530 (299,256) 123,166,861
<br />Less accumulated depreciation for:
<br />
<br />Buildings
<br />6,622,529
<br />648,573
<br />(218,563)
<br />7,052,539 ,
<br />Equipment 3,361,900 269,419 (61,408) 3,569,911
<br />Collection and distribution 34,875,930 3,216,445 - 38,092,375
<br />Total accumulated depreciation 44,860,359 4,134,437 (279,971) 48,714,825 '
<br />Total capital assets
<br />being depreciated, net 77,435,228 (2,963,907) (19,285) 74,452,036
<br /> '
<br />Business-type activities
<br />capital assets, net $ 79,036,507 $ (1,978,845) $ (670,010) $ 76,387,652
<br /> 48 '
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