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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 201 I AND 2010
<br />Note 2: DETAILED NOTES ON ALL FUNDS-CONTINUED
<br />B. Capital assets
<br />Electric and Water fund capital asset activity forthe year ended December 31, 201 I was as follows:
<br />Beginning
<br />Balance Increases
<br />Ending
<br />Decreases Balance
<br />Capital assets not
<br />being depreciated
<br />Land $ 281,775 $ - $ - $ 281,775
<br />Construction in progress 418,985 965,332 (1,178,591) 205,726
<br />
<br />Total capital assets
<br />not being depreciated 700,760 965,332 (1,178,591) 487,501
<br />
<br />Capital assets being depreciated
<br />Land improvements 63,147 - - 63,147
<br />Buildings 3,506,625 - - 3,506,625
<br />Machinery and equipment 4,080,888 462,816 (84,778) 4,458,926
<br />Infrastructure 75,583,646 1,985,915 - 77,569,561
<br />
<br />Total capital assets
<br />being depreciated 83,234,306 2,448,731 (84,778) 85,598,259
<br />
<br />Less accumulated
<br />depreciation for
<br />Land improvements (41,723) (2,526) - (44,249)
<br />Buildings (1,217,471) (111,784) - (1,329,255)
<br />Machinery and equipment (3,052,945) (234,072) 26,493 (3,260,524)
<br />Infrastructure (29,526,963) (2,673,532) - (32,200,495)
<br />Tolal accumulated
<br />depreciation (33,839,102) (3,021,914) 26,493 (36,834,523)
<br />Total capital assets
<br />being depreciated, net 49,395,204 (573,183) (58,285) 48,763,736
<br />Business-type activities
<br />capital assets, net $ 50,095,964 $ 392,149 $ (1,236.8761 $ 49.251,237
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