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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2017
<br />48
<br />NOTE 5: CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2017 was as follows:
<br />Beginning Ending
<br />Primary Government Balance Additions Deletions Balance
<br />Governmental activities:
<br />Capital assets not being depreciated:
<br />Land 40,876,833$ 107,800$ -$ 40,984,633$
<br />Construction in progress 437,501 91,648 (505,734) 23,415
<br />Total capital assets
<br /> not being depreciated 41,314,334 199,448 (505,734) 41,008,048
<br />Capital assets being depreciated:
<br />Buildings 45,048,097 - - 45,048,097
<br />Other improvements 5,438,466 805,825 - 6,244,291
<br />Equipment 12,764,099 754,619 (408,323) 13,110,395
<br />Infrastructure 66,110,684 4,184,238 - 70,294,922
<br />Total capital assets
<br /> being depreciated 129,361,346 5,744,682 (408,323) 134,697,705
<br />Less accumulated depreciation for:
<br />Buildings 18,843,593 1,644,747 - 20,488,340
<br />Other improvements 3,762,026 242,071 - 4,004,097
<br />Equipment 8,790,582 875,709 (408,323) 9,257,968
<br />Infrastructure 41,368,660 2,566,554 - 43,935,214
<br />Total accumulated depreciation 72,764,861 5,329,081 (408,323) 77,685,619
<br />Total capital assets
<br /> being depreciated, net 56,596,485 415,601 - 57,012,086
<br />Governmental activities
<br /> capital assets, net 97,910,819$ 615,049$ (505,734)$ 98,020,134$
<br />Business-type activities:
<br />Capital assets not being depreciated:
<br />Land 1,609,491$ 234,486$ -$ 1,843,977$
<br />Intangible assets 9,804,951 570,726 - 10,375,677
<br />Construction in progress 3,714,934 4,196,615 (7,174,677) 736,872
<br />Total capital assets
<br /> not being depreciated 15,129,376 5,001,827 (7,174,677) 12,956,526
<br />Capital assets being depreciated:
<br />Buildings 24,363,780 3,049,907 (219,894) 27,193,793
<br />Equipment 10,665,822 454,272 (84,271) 11,035,823
<br />Collection and distribution 122,107,290 4,362,965 (8,742) 126,461,513
<br />Total capital assets
<br /> being depreciated 157,136,892 7,867,144 (312,907) 164,691,129
<br />Less accumulated depreciation for:
<br />Buildings 7,519,435 878,668 (5,039) 8,393,064
<br />Equipment 2,300,200 635,826 (84,272) 2,851,754
<br />Collection and distribution 54,731,783 3,864,971 (3,642) 58,593,112
<br />Total accumulated depreciation 64,551,418 5,379,465 (92,953) 69,837,930
<br />Total capital assets
<br /> being depreciated, net 92,585,474 2,487,679 (219,954) 94,853,199
<br />Business-type activities
<br /> capital assets, net 107,714,850$ 7,489,506$ (7,394,631)$ 107,809,725$
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