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<br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />CITY OF ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2004 <br /> <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br /> <br />C. Capital Assets <br /> <br />In accordance with GASB Statement No. 34, the City has reported ail capital assets including infrastructure in the <br />government-wide statement of net assets. Capital asset activity for the year ended December 31, 2004 was as follows: <br /> <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 /> <br />Balance Additions <br />$ 24,804,495 $ 4,229,190 <br />2.221.500 <br />27.025.995 4.229.190 <br />15,351,955 3,173,257 <br />1,807,809 115,368 <br />5,593,170 900,760 <br />5 1.1 12.927 5.989.329 <br />73.865.861 10.178.714 <br />2,704,661 757,743 <br />598,756 107,684 <br />3,177,109 510,706 <br />15.758.907 2.384.016 <br />22.239.433 3.760.149 <br />51.626.428 6.418.565 <br />$78 652 423 $10 647 755 <br /> <br />Capital assets being depreciated: <br />Buildings <br />Other improvements <br />Equipment <br />Infrastructure <br />Total capital assets <br />being depreciated <br /> <br />Less accumulated depreciation for: <br />Buildings <br />Other improvements <br />Equipment <br />Infrastructure <br />Total accumulated depreciation <br /> <br />Total capital assets <br />being depreciated, net <br /> <br />Governmental activities <br />capital assets, net <br /> <br />Business-type activities: <br />Capital assets not being depreciated: <br />Land <br />Construction in progress <br />Total capital assets <br />not being depreciated <br /> <br />$ 1,431,669 $ 11,000 <br /> 16.072 1.014.050 <br /> 1.447.741 1.025.050 <br /> 13,481,613 90,665 <br /> 647,904 <br /> 69.972.938 6.238.040 <br /> 84.102.455 6.328.705 <br /> 4,070,567 395,990 <br /> 216,997 58,691 <br /> 19.215.225 2.480.649 <br />23.502.789 2.935.330 <br /> 60.599.666 3.393.375 <br />$62 047 407 $ 4418425 <br /> 42 <br /> <br />Capital assets being depreciated: <br />Buildings <br />Equipment <br />Collection and distribution <br />Total capital assets <br />being depreciated <br /> <br />Less accumulated depreciation for: <br />Buildings <br />Equipment <br />Collection and distribution <br />Total accumulated depreciation <br /> <br />Total capital assets <br />being depreciated, net <br /> <br />Business-type activities <br />capital assets, net <br /> <br />Deletions <br /> <br />$ <br />(2.221.500) <br />(2.221.500) <br /> <br />(384,770) <br /> <br />(384.770) <br /> <br />(64,522) <br />(64.522) <br /> <br />(320.248) <br /> <br />$(2541 748) <br /> <br />$ <br /> <br />(10 1.450) <br />(101.450) <br /> <br />(101.450) <br />(101.450) <br /> <br />$ <br /> <br />Balance <br /> <br />$29,033,685 <br /> <br />29.033.685 <br /> <br />18,525,212 <br />1,923,177 <br />6,109,160 <br />57.1 02.256 <br /> <br />83.659.805 <br /> <br />3,462,404 <br />706,440 <br />3,623,293 <br />18.142.923 <br />25.935.060 <br /> <br />57.724.745 <br /> <br />$86 758 430 <br /> <br />$ 1,442,669 <br />1.030.122 <br /> <br />2.472.791 <br /> <br />13,572,278 <br />647,904 <br />76.109.528 <br /> <br />90.329.710 <br /> <br />4,466,557 <br />275,688 <br />21.594.424 <br />26.336.669 <br /> <br />63.993.041 <br /> <br />$66 465 832 <br />