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<br /> CITY OF ELK RIVER,MINNESOTA
<br /> NOTES TO FINANCIAL STATEMENTS
<br /> DECEMBER 31,2012
<br /> Note 3: DETAILED NOTES ON ALL FUNDS—CONTINUED
<br /> C. 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 position. Capital asset activity for the year ended December 31,2012 was as follows:
<br /> Beginning Ending I
<br /> Primary Government Balance Additions Deletions Balance
<br /> Governmental activities:
<br /> Capital assets not being depreciated:
<br /> Land $ 37,694,632 $ 169,469 $ - $ 37,864,101
<br /> Constriction in progress 2,180,426 7,898,422 (1,216,918) 8,861,930
<br /> Total capital assets
<br /> not being depreciated 39,875,058 8,067,891 (1,216,918) 46,726,031
<br /> Capital assets being depreciated:
<br /> Buildings 36,268,984 - - 36,268,984
<br /> Other improvements 4,720,657 59,229 - 4,779,886
<br /> Equipment 10,310,169 839,049 (431,920) 10,717,298
<br /> Infrastructure 75,128,542 2,368,064 (153,953) 77,342,653
<br /> Total capital assets
<br /> being depreciated 126,428,352 3,266,342 (585,873) 129,108,821
<br /> Less accumulated depreciation for:
<br /> Buildings 11,117,910 1,371,000 - 12,488,910
<br /> Other improvements 2,413,303 304,096 - 2,717,399
<br /> Equipment 6,773,094 843,457 (429,627) 7,186,924
<br /> Infrastructure 36,397,583 3,004,360 (153,953) 39,247,990
<br /> Total accumulated depreciation 56,701,890 5,522,913 (583,580) 61,641,223
<br /> Total capital assets
<br /> being depreciated,net 69,726,462 (2,256,571) (2,293) 67,467,598
<br /> Governmental activities
<br /> capital assets,net $ 109,601,520 $ 5,811,320 $ (1,219,211) $ 114,193,629
<br /> Business-type activities:
<br /> Capital assets not being depreciated:
<br /> Land $ 1,5165631 $ 39,862 $ (69,800) $ 1,486,693
<br /> Construction in progress 2055726 1,399,943 (1,320,668) 285,001
<br /> Total capital assets
<br /> not being depreciated 1,722,357 1,439,805 (1,390,468) 1,771,694
<br /> Capital assets being depreciated:
<br /> Buildings 19,342,790 175,397 (105456) 19,507,731
<br /> Equipment 5,130,389 324,209 (105,633) 5,348,965
<br /> Collection and distribution 101,057,635 1,404,933 - 102,4622568
<br /> Total capital assets j
<br /> being depreciated 1255530,814 1,904,539 (116,089) 127,319,264
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<br /> Less accumulated depreciation for:
<br /> Buildings 7,700,387 639,750 - 8,340,137
<br /> Equipment 3,820,997 294,804 (102,891) 4,012,910
<br /> Collection and distribution 41,305,035 3,312,278 - 44,617,313
<br /> Total accumulated depreciation 52,826,419 45246,832 (102,891) 56,970,360
<br /> Total capital assets
<br /> being depreciated,net 72,704,395 (2,342,293) (135198) 70,348,904
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<br /> Business-type activities
<br /> capital assets,net $ 74,426,752 $ (902,488) $ (1,403,666) $ 72,120,598
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