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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> NOTES TO THE FINANCIAL STATEMENTS
<br />•
<br /> DECEMBER 31,2013 AND 2012
<br /> Note 2: DETAILED NOTES ON ALL FUNDS-CONTINUED
<br /> B. Capital assets
<br /> Electric and Water fund capital asset activity for the year ended December 31,2013 was as follows:
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Capital assets not
<br /> being depreciated
<br /> Land $ 321,637 $ 39,315 $ - $ 360,952
<br /> Construction in progress 285,001 2,972,484 (992,316) 2,265,169
<br /> Total capital assets
<br /> not being depreciated 606,638 3,011,799 (992,316) 2,626,121
<br /> Capital assets being depreciated
<br /> Land improvements 63,147 - - 63,147
<br /> Buildings 3,639,025 122,874 - 3,761,899
<br /> Machinery and equipment 4,556,684 367,179 (145,696) 4,778,167
<br /> Infrastructure 78,775,280 1,762,297 (1,091,483) 79,446,094
<br /> Total capital assets
<br /> being depreciated 87,034,136 2,252,350 (1,237,179) 88,049,307
<br /> Less accumulated
<br /> depreciation for
<br /> Land improvements (46,775) (2,526) - (49,301)
<br /> Buildings (1,426,145) (114,202) - (1,540,347)
<br /> Machinery and equipment (3,413,669) (241,865) 115,922 (3,539,612)
<br /> Infrastructure (34,973,230) (2,703,345) 1,010,066 (36,666,509)
<br /> Total accumulated
<br /> depreciation (39,859,819) (3,061,938) 1,125,988 (41,795,769)
<br />• Total capital assets
<br /> being depreciated,net 47,174,317 (809,588) (111,191) 46,253,538
<br /> Business-type activities
<br /> capital assets,net $ 47,780,955 $ 2,202,211 $ (1,103,507) $ 48,879,659
<br /> 91
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