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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2015 <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 government - <br />wide statement of net position. Capital asset activity for the year ended December 31, 2015 was as follows: <br />Primary Government <br />Governmental activities: <br />Capital assets not being depreciated <br />Land <br />Construction in progress <br />Total capital assets <br />not being depreciated <br />Capital assets being depreciated <br />Buildings <br />Other improvements <br />Equipment <br />Infrastructure <br />Total capital assets <br />being depreciated <br />Less accumulated depreciation for <br />Buildings <br />Other improvements <br />Equipment <br />Infrastructure <br />Total accumulated depreciation <br />Total capital assets <br />being depreciated, net <br />Governmental activities <br />capital assets, net <br />Beginning <br />Ending <br />Balance <br />Transfers <br />Additions <br />Deletions <br />Balance <br />$ 40,911,871 <br />$ - <br />$ 186,595 <br />$ (221,633) <br />$ 40,876,833 <br />749,673 <br />- <br />3,602,680 <br />(749,673) <br />3,602,680 <br />41,661,544 <br />- <br />3,789,275 <br />(971,306) <br />44,479,513 <br />45,041,224 <br />- <br />89,443 <br />(82,570) <br />45,048,097 <br />5,393,304 <br />- <br />- <br />- <br />5,393,304 <br />11,538,335 <br />- <br />852,176 <br />(401,123) <br />11,989,388 <br />79,349,645 <br />(17,493,650) <br />771,890 <br />- <br />62,627,885 <br />141,322,508 <br />(17,493,650) <br />1,713,509 <br />(483,693) <br />125,058,674 <br />(15,627,245) <br />- <br />(1,652,182) <br />82,570 <br />(17,196,857) <br />(3,147,172) <br />- <br />(309,067) <br />- <br />(3,456,239) <br />(7,820,717) <br />- <br />(863,057) <br />399,171 <br />(8,284,603) <br />(44,766,321) <br />6,772,588 <br />(2,395,036) <br />- <br />(40,388,769) <br />(71,361,455) <br />6,772,588 <br />(5,219,342) <br />481,741 <br />(69,326,468) <br />69,961,053 <br />(10,721,062) <br />(3,505,833) <br />(1,952) <br />55,732,206 <br />$111,622,597 $ (10,721,062) $ 283,442 $ (973,258) $100,211,719 <br />-64- <br />