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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 />Electric and Water fund capital asset activity for the year ended December 31, 2010 was as follows
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br />Capital assets not
<br />being depreciated
<br />Land $ 281,775 $ - $ - $ 281,775
<br />Construction in progress 84,648 985,062 (650,725) 418,985
<br />Total capital assets
<br />not being depreciated 366,423 985,062 (650,725) 700,760
<br />Capital assets being depreciated
<br />Land improvements 63,147 - - 63,147
<br />Buildings 3,506,625 - - 3,506,625
<br />Machinery and equipment 4,043,978 1 11,857 (74,947) 4,080,888
<br />Infrastructure 74,524,973 1,058,673 75,583,646
<br />Total capital assets
<br />being depreciated 82,138,723 1,170,530 (74,947) 83,234,306
<br />Less accumulated
<br />depreciation for
<br />Land improvements (39,198) (2,525) - (41,723)
<br />Buildings (1,104,961) (112,510) - (1,217,471)
<br />Machinery and equipment (2,884,419) (225,912) 57,386 (3,052,945)
<br />Infrastructure (26,849,645) (2,677,318) - (29,526,963)
<br />Total accumulated
<br />depreciation
<br />(30,878,223) (3,018,265) 57,386 (33,839,102)
<br />Total capital assets
<br />being depreciated, net 51,260,500 (1,847,735) (17,561) 49,395,204
<br />Business-type activities
<br />capital assets, net $ 51,626.923 $ (862,673) $ (668.286) $ 50,095.964
<br />Depreciation expense was charged to functions/programs of the Utilities as follows:
<br />Business-type Activities
<br />Water
<br />Electric
<br />Total depreciation expense -business-type activities
<br />2011 2010
<br />$ 980,197 $ 955,323
<br />2,041,717 2,062,942
<br />$ 3.021,914 $ 3.018.265
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