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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2014
<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, 2014 was as follows:
<br />Beginning Ending
<br />Primary Government Balance Additions Deletions Balance
<br />Governmental activities:
<br />Capital assets not being depreciated:
<br />Land
<br />$
<br />37,8061871
<br />$ 3,105,000
<br />$ -
<br />$
<br />40,9111871
<br />Construction in progress
<br />749,673
<br />749,673
<br />Total capital assets
<br />not being depreciated
<br />37,806,871
<br />3,854,673
<br />41,661,544
<br />Capital assets being depreciated:
<br />Buildings
<br />44,988,434
<br />52,790
<br />-
<br />45,041,224
<br />Other improvements
<br />5,246,833
<br />146,471
<br />-
<br />5,393,304
<br />Equipment
<br />11,225,485
<br />945,538
<br />(632,688)
<br />11,538,335
<br />Infrastructure
<br />79,308,955
<br />40,690
<br />79,349,645
<br />Total capital assets
<br />being depreciated
<br />140,769,707
<br />1,185,489
<br />(632,688)
<br />141,322,508
<br />Less accumulated depreciation for:
<br />Buildings
<br />13,964,688
<br />1,662,557
<br />-
<br />15,627,245
<br />Other improvements
<br />2,834,061
<br />313,111
<br />-
<br />3,147,172
<br />Equipment
<br />7,5645497
<br />827,719
<br />(571,499)
<br />7,820,717
<br />Infrastructure
<br />41,608,793
<br />3,157,528
<br />44,766,321
<br />Total accumulated depreciation
<br />65,972,039
<br />5,960,915
<br />(571,499)
<br />71,361,455
<br />Total capital assets
<br />being depreciated, net
<br />74,797,668
<br />(4,775,426)
<br />(61,189)
<br />69,961,053
<br />Governmental activities
<br />capital assets, net
<br />_$ 112,604.539
<br />$ (920,753)
<br />$ (61189)
<br />$
<br />111,622,597
<br />Business -type activities:
<br />Capital assets not being depreciated:
<br />Land
<br />$
<br />1,526,008
<br />$ 351
<br />$ -
<br />$
<br />1,526,359
<br />Construction in progress
<br />2,265,169
<br />4,630,770
<br />(3,293,136)
<br />3,602,803
<br />Total capital assets
<br />not being depreciated
<br />3,791,177
<br />4,631,121
<br />(3,293,136)
<br />5,129,162
<br />Capital assets being depreciated:
<br />Buildings
<br />19,630603
<br />-
<br />(130,489)
<br />19,500,114
<br />Equipment
<br />5,570,449
<br />946,381
<br />(2,371,820)
<br />4,145,010
<br />Collection and distribution
<br />103,133,383
<br />3,293 136
<br />(9,545,513)
<br />96,881,006
<br />Total capital assets
<br />being depreciated
<br />128,334,435
<br />4,239517
<br />(12,047,822)
<br />120,526,130
<br />Less accumulated depreciation for:
<br />Buildings
<br />8,986,457
<br />656,314
<br />(123,756)
<br />9,5191015
<br />Equipment
<br />4,167,844
<br />252,617
<br />(2,369,761)
<br />2,050,700
<br />Collection and distribution
<br />46,854,697
<br />3,191,589
<br />(9,507,692)
<br />40,538,594
<br />Total accumulated depreciation
<br />60 008,998
<br />4,100,520
<br />(12,001,209)
<br />52,108,309
<br />Total capital assets
<br />being depreciated, net
<br />68,325,437
<br />138,997
<br />(46,613)
<br />68,417,821
<br />Business -type activities
<br />capital assets, net
<br />$
<br />72.1 16,614
<br />$ 4,770,118
<br />$ (3,339,749)
<br />$
<br />73,546,983
<br />M,
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