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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2018
<br />NOTE 5: CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2018 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 />$ 40,984,633
<br />$ -
<br />$ (57,000)
<br />$ 40,927,633
<br />Construction in progress
<br />23,415
<br />103,358
<br />(126,773)
<br />11,338,300
<br />Total capital assets
<br />10,375,677
<br />12,904,278
<br />23,279,955
<br />not being depreciated
<br />41,008,048
<br />103,358
<br />(183,773)
<br />40,927,633
<br />Capital assets being depreciated:
<br />Buildings
<br />45,048,097
<br />-
<br />(69,618)
<br />45,048,097
<br />Other improvements
<br />6,244,291
<br />313,480
<br />6,557,771
<br />Equipment
<br />13,110,395
<br />1,538,989
<br />(800,244)
<br />13,849,140
<br />Infrastmcture
<br />70,294,922
<br />142,936
<br />(36,366)
<br />70,437,858
<br />Total capital assets
<br />-
<br />165,883
<br />165,883
<br />being depreciated
<br />134,697,705
<br />1,995,405
<br />(800,244)
<br />135,892,866
<br />Uss accumulated depreciation for.
<br />69,837,930
<br />5,707,219
<br />(48,657)
<br />75,496,492
<br />Buildings
<br />20,488,340
<br />1,546,594
<br />22,034,934
<br />Other improvements
<br />4,004,097
<br />243,923
<br />(20,961)
<br />4,248,020
<br />Equipment
<br />9257,968
<br />836,654
<br />(729,296)
<br />9,365,326
<br />Infrastmcture
<br />43,935,214
<br />2,662,455
<br />$ (3,408,730)
<br />46,597,669
<br />Total accumulated depreciation
<br />77,685,619
<br />5,289,626
<br />(729,296)
<br />82,245,949
<br />Total capital assets
<br />being depreciated, net
<br />57,012,086
<br />(3,294,221)
<br />(70,948)
<br />53,646,917
<br />Governmental activities
<br />capital assets, net
<br />$ 98,020,134
<br />$ (3,190,863)$
<br />(254,721)
<br />$ 94,574,550
<br />Business -type activities:
<br />Capital assets not being depreciated:
<br />Land
<br />$ 1,843,977
<br />$ -
<br />$
<br />$ 1,843,977
<br />Construction in progress
<br />736,872
<br />3,118,367
<br />(3,387,769)
<br />467,470
<br />Total capital assets
<br />not being depreciated
<br />2,580,849
<br />3,118,367
<br />(3,387,769)
<br />2,311,447
<br />Capital assets being depreciated
<br />Buildings
<br />27,277,857
<br />67,725
<br />27,345,582
<br />Equipment
<br />11,035,823
<br />338,843
<br />(36,366)
<br />11,338,300
<br />Intangible assets
<br />10,375,677
<br />12,904,278
<br />23,279,955
<br />Collection and distribution
<br />126,377,449
<br />2,677,882
<br />(33,252)
<br />129,022,079
<br />Total capital assets
<br />being depreciated
<br />175,066,806
<br />15,988,728
<br />(69,618)
<br />190,985,916
<br />Less accumulated depreciation for.
<br />Buildings
<br />8,410,323
<br />913,005
<br />9,323,328
<br />Equipment
<br />2,965,714
<br />685,149
<br />(36,366)
<br />3,614,497
<br />Intangible assets
<br />-
<br />165,883
<br />165,883
<br />Collection and distribution
<br />58,461,893
<br />3,943,182
<br />(12,291)
<br />62,392,784
<br />Total accumulated depreciation
<br />69,837,930
<br />5,707,219
<br />(48,657)
<br />75,496,492
<br />Total capital assets
<br />being depreciated, net
<br />105,228,876
<br />10,281,509
<br />(20,961)
<br />115,489,424
<br />Business -type activities
<br />capital assets, net
<br />$ 107,809,725
<br />$ 13,399,876
<br />$ (3,408,730)
<br />$ 117,800,871
<br />48
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