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CITY OF ELK RIVER,MINNESOTA
<br /> NOTES TO FINANCIAL STATEMENTS
<br /> DECEMBER 31,2,013
<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 31,2013 was as follows:
<br /> Beginning Ending
<br /> Primary Government Balance Additions Deletions Balance
<br /> Governmental activities:
<br /> Capital assets not being depreciated:
<br /> Land $ 37,864,101 $ - $ (57,230) $ 37,806,871
<br /> Construction in progress 8,861,930 636,630 (9,498,560)
<br /> Total capital assets
<br /> not being depreciated 46,726,031 636,630 (9,555,790) 37,806,871
<br /> Capital assets being depreciated:
<br /> Buildings 36,268,984 8,836,450 (117,000) 44,988,434
<br /> Other improvements 4,779,886 861,109 (394,162) 5,246,833
<br /> Equipment 10,717,298 970,925 (462,738) 11,225,485
<br /> Infrastructure _ 77,342,653 2,665,125 (698,823) 79,308,955
<br /> Total capital assets
<br /> being depreciated 129,108,821 13,333,609 (1,672,723) 140,769,707
<br /> Less accumulated depreciation for:
<br /> Buildings 12,488,910 1,583,678 (107,900) 13,964,688
<br /> Other improvements 2,717,399 306,559 (189,897) 2,834,061
<br /> Equipment 7,186,924 800,516 (422,943) 7,564,497
<br /> Infrastructure 39,247,990 3,025,153 (664,350) 41,608,793
<br /> Total accumulated depreciation 61,641,223 5,715,906 (1,385,090) 65,972,039
<br /> Total capital assets
<br /> being depreciated,net 67,467,598 7,617,703 (287,633) 74,797,668
<br /> Governmental activities
<br /> capital assets,net $ 114,193 629 $ 8,254,333 $ (9.843,423) $ 112,604,539
<br /> Business-type activities:
<br /> Capital assets not being depreciated:
<br /> Land $ 1,486,693 $ 39,315 $ 1,526,008
<br /> Construction in progress _ 285,001 2,972_,484 (992,316) 2,265,169
<br /> Total capital assets
<br /> not being depreciated 1,771,694 3,011799 (992,316) 3,791,177
<br /> Capital assets being depreciated:
<br /> Buildings 19,507,731 122,872 19,630,603
<br /> Equipment 5,348,965 367,180 (145,696) 5,570,449
<br /> Collection and distribution 102,462,568 1,762,298 (1,091,483) 103,133,383
<br /> Total capital assets
<br /> being depreciated 127,319,264 2,252,350 1 128,334,435
<br /> Less accumulated depreciation for:
<br /> Buildings 8,340,137 646,320 8,986,457
<br /> Equipment 4,012,910 270,856 (115,922) 4,167,844
<br /> Collection and distribution 44,617,313 3,247,450 (1,010,066) 46,854,697
<br /> Total accumulated depreciation 56,970,360 4,164,626 (1,125,988) 60,008,998
<br /> Total capital assets
<br /> being depreciated,net 70,348,904_ (1,912,276) (111,191) 68,325,437
<br /> Business-type activities
<br /> capital assets,net $ 72,120,598 $ 1,099,523 $ (1,103,507) $ 72,116.614
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