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CITY OF ELK RIVER
<br /> NOTES TO BASIC FINANCIAL STATEMENTS
<br /> YEAR ENDING DECEMBER 31, 2016
<br /> NOTE 5 CAPITAL ASSETS
<br /> Capital asset activity for the year ended December 31, 2016 was as follows:
<br /> Beginning Ending
<br /> PRIMARY GOVERNMENT Balance Additions Deletions Transfers Balance
<br /> Governmental Activities:
<br /> Capital Assets,Not Being Depreciated:
<br /> Land $ 40,876,833 $ - $ - $ $ 40,876,833
<br /> Construction in Progress 3,602,680 1,748,140 (4,913,319) 437,501
<br /> Total Capital Assets,Not Being Depreciated 44,479,513 1,748,140 (4,913,319) - 41,314,334
<br /> Capital Assets,Being Depreciated:
<br /> Buildings 45,048,097 - - 45,048,097
<br /> Other Improvements 5,393,304 45,162 - 5,438,466
<br /> Equipment 11,989,388 1,141,093 (390,632) 24,250 12,764,099
<br /> Infrastructure 62,627,885 4,913,319 (1,430,520) - 66,110,684
<br /> Total Capital Assets,Being Depreciated 125,058,674 6,099,574 (1,821,152) 24,250 129,361,346
<br /> Accumulated Depreciation for:
<br /> Buildings (17,196,857) (1,646,735) - (18,843,592)
<br /> Other Improvements (3,456,239) (305,786) - (3,762,025)
<br /> Equipment (8,284,603) (838,248) 356,517 (24,250) (8,790,584)
<br /> Infrastructure (40,388,769) (2,393,634) 1,413,743 - (41,368,660)
<br /> Total Accumulated Depreciation (69,326,468) (5,184,403) 1,770,260 (24,250) (72,764,861)
<br /> Total Capital Assets,Being Depreciated,Net 55,732,206 915,171 (50,892) 56,596,485
<br /> Governmental Activities Capital Assets,Net $ 100,211,719 $ 2,663,311 $ (4,964,211) $ $ 97,910,819
<br /> Beginning Ending
<br /> PRIMARY GOVERNMENT Balance Increases Decreases Transfers Balance
<br /> Business-Type Activities:
<br /> Capital Assets,Not Being Depreciated:
<br /> Land $ 1,526,407 $ 83,084 $ $ $ 1,609,491
<br /> Intangible Assets - 9,804,951 9,804,951
<br /> Construction in Progress 13,745,714 3,841,023 (13,871,803) 3,714,934
<br /> Total Capital Assets,Not Being Depreciated 15,272,121 13,729,058 (13,871,803) 15,129,376
<br /> Capital Assets,Being Depreciated:
<br /> Buildings 19,525,901 8,381,453 (3,543,574) 24,363,780
<br /> Equipment 4,408,461 6,458,744 (177,133) (24,250) 10,665,822
<br /> Collection and Distribution 117,851,862 4,467,049 (211,621) 122,107,290
<br /> Total Capital Assets,Being Depreciated 141,786,224 19,307,246 (3,932,328) (24,250) 157,136,892
<br /> Accumulated Depreciation for:
<br /> Buildings (10,156,734) (609,368) 3,246,667 - (7,519,435)
<br /> Equipment (2,138,248) (341,511) 155,309 24,250 (2,300,200)
<br /> Collection and Distribution (51,081,656) (3,754,848) 104,721 - (54,731,783)
<br /> Total Accumulated Depreciation (63,376,638) (4,705,727) 3,506,697 24,250 (64,551,418)
<br /> Total Capital Assets,Being Depreciated,Net 78,409,586 14,601,519 (425,631) - 92,585,474
<br /> Business-Type Activities Capital Assets,Net $ 93,681,707 $ 28,330,577 $ (14,297,434) $ $ 107,714,850
<br /> Beginning Ending
<br /> COMPONENTUNIT Balance Increases Decreases Transfers Balance
<br /> Capital Assets,Not Being Depreciated:
<br /> Land $ 257,100 $ $ $ $ 257,100
<br /> Capital Assets,Being Depreciated:
<br /> Other Improvements 174,290 174,290
<br /> Accumulated Depreciation for:
<br /> Other Improvements (35,826) (11,619) (47,445)
<br /> Total Capital Assets,Being Depreciated,Net 138,464 (117619) 126,845
<br /> Component Unit Capital Assets,Net $ 395,564 $ (11,619) $ $ $ 383,945
<br /> (52)
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