Laserfiche WebLink
CITY OF ELK RIVER <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />DECEMBER 31, 2019 <br />NOTE 5 CAPITAL ASSETS (CONTINUED) <br />Beginning <br />Ending <br />COMPONENT UNIT <br />Balance <br />Increases Decreases <br />Balance <br />Capital Assets, Not Being Depreciated: <br />Land <br />$ 257,100 <br />$ $ <br />$ 257,100 <br />Capital Assets, Being Depreciated: <br />Other Improvements <br />174,290 <br />174,290 <br />Accumulated Depreciation for: <br />Other Improvements <br />(70,683) <br />(11,619) <br />(82,302) <br />Total Capital Assets, Being Depreciated, Net <br />103,607 <br />(11,619) <br />91,988 <br />Component Unit Capital Assets, Net <br />$ 360,707 <br />$ (11,619) $ <br />$ 349,088 <br />Depreciation expense was charged to functions/programs of the primary government and <br />component unit as follows: <br />Governmental Activities: <br />General Government <br />$ <br />154,687 <br />Public Safety <br />640,384 <br />Public Works <br />3,326,685 <br />Culture and Recreation <br />1,042,935 <br />Total Depreciation Expense, Governmental Activities <br />$ <br />5,164,691 <br />Business -Type Activities: <br />Electric <br />$ <br />2,856,258 <br />Water <br />1,147,149 <br />Sewer <br />1,644,459 <br />Storm Water <br />457,477 <br />Liquor <br />123,286 <br />Total Depreciation Expense, Business -Type Activities <br />$ <br />6,228,629 <br />Component Unit: <br />Housing and Redevelopment Authority <br />$ <br />11,619 <br />(53) <br />