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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> NOTES TO THE FINANCIAL STATEMENTS
<br /> DECEMBER 31,2013 AND 2012
<br /> Note 2: DETAILED NOTES ON ALL FUNDS-CONTINUED
<br /> Electric and Water fund capital asset activity for the year ended December 31,2012 was as follows:
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Capital assets not
<br /> being depreciated
<br /> Land $ 281,775 $ 39,862 $ - $ 321,637
<br /> Construction in progress 205,726 1,399,943 (1,320,668) 285,001
<br /> Total capital assets
<br /> not being depreciated 487,501 1,439,805 (1,320,668) 606,638
<br /> Capital assets being depreciated
<br /> Land improvements 63,147 - - 63,147
<br /> Buildings 3,506,625 142,856 (10,456) 3,639,025
<br /> Machinery and equipment 4,458,926 203,391 (105,633) 4,556,684
<br /> Infrastructure 77,569,561 1,205,719 - 78,775,280
<br /> Total capital assets
<br /> being depreciated 85,598,259 1,551,966 (116,089) 87,034,136
<br /> Less accumulated
<br /> depreciation for
<br /> Land improvements (44,249) (2,526) - (46,775)
<br /> Buildings (1,329,255) (102,467) 5,577 (1,426,145)
<br /> Machinery and equipment (3,260,524) (250,459) 97,314 (3,413,669)
<br /> Infrastructure (32,200,495) (2,772,735) - (34,973,230)
<br /> Total accumulated
<br /> depreciation (36,834,523) (3,128,187) 102,891 (39,859,819)
<br /> Total capital assets
<br /> being depreciated,net 48,763,736 (1,576,221) (13,198) 47,174,317
<br /> Business-type activities
<br /> capital assets,net $ 49,251,237 $ (136,416) $ (1,333,866) $ 47,780,955
<br /> Depreciation expense was charged to functions/programs of the Utilities as follows:
<br /> 2013 2012
<br /> Business-type Activities
<br /> Water $ 1,032,442 $ 1,028,593
<br /> Electric 2,029,496 2,099,594
<br /> Total depreciation expense-business-type activities $ 3,061,938 $ 3,128,187
<br /> 92
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