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CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />DECEMBER 31, 2020
<br />NOTE 5 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2020 was as follows:
<br />Beginning
<br />Ending
<br />PRIMARY GOVERNMENT
<br />Balance
<br />Additions
<br />Deletions
<br />Balance
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land
<br />$ 40,946,181
<br />$ -
<br />$ (176,668)
<br />$ 40,769,513
<br />Construction in Progress
<br />12,883,985
<br />2,586,460
<br />(12,883,985)
<br />2,586,460
<br />Total Capital Assets, Not Being Depreciated
<br />53,830,166
<br />2,586,460
<br />(13,060,653)
<br />43,355,973
<br />Capital Assets, Being Depreciated:
<br />Buildings
<br />44,997,927
<br />28,031,363
<br />(5,053,524)
<br />67,975,766
<br />Other Improvements
<br />6,557,771
<br />4,085,449
<br />(256,108)
<br />10,387,112
<br />Equipment
<br />14,298,469
<br />1,657,550
<br />(1,098,059)
<br />14,857,960
<br />Infrastructure
<br />71,116,985
<br />2,210,387
<br />(620,500)
<br />72,706,872
<br />Total Capital Assets, Being Depreciated
<br />136,971,152
<br />35,984,749
<br />(7,028,191)
<br />165,927,710
<br />Accumulated Depreciation for:
<br />Buildings
<br />(23,322,907)
<br />(1,620,389)
<br />3,169,983
<br />(21,773,313)
<br />Other Improvements
<br />(4,492,351)
<br />(319,132)
<br />256,108
<br />(4,555,375)
<br />Equipment
<br />(9,695,168)
<br />(833,427)
<br />1,006,904
<br />(9,521,691)
<br />Infrastructure
<br />(47,455,752)
<br />(2,700,388)
<br />620,501
<br />(49,535,639)
<br />Total Accumulated Depreciation
<br />(84,966,178)
<br />(5,473,336)
<br />5,053,496
<br />(85,386,018)
<br />Total Capital Assets, Being Depreciated, Net
<br />52,004,974
<br />30,511,413
<br />(1,974,695)
<br />80,541,692
<br />Governmental Activities Capital Assets, Net
<br />$ 105,835,140
<br />$ 33,097,873
<br />$ (15,035,348)
<br />$ 123,897,665
<br />Beginning
<br />Ending
<br />PRIMARY GOVERNMENT
<br />Balance
<br />Increases
<br />Decreases
<br />Balance
<br />Business -Type Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Land
<br />$ 1,843,977
<br />$ 94
<br />$
<br />$ 1,844,071
<br />Construction in Progress
<br />1,011,708
<br />3,774,717
<br />(3,576,683)
<br />1,209,742
<br />Total Capital Assets, Not Being Depreciated
<br />2,855,685
<br />3,774,811
<br />(3,576,683)
<br />3,053,813
<br />Capital Assets, Being Depreciated:
<br />Buildings and Improvements
<br />27,372,648
<br />785,237
<br />28,157,885
<br />Equipment
<br />11,625,356
<br />514,275
<br />(223,207)
<br />11,916,424
<br />Intangible Assets
<br />24,114,139
<br />857,538
<br />24,971,677
<br />Collection and Distribution
<br />130,506,501
<br />3,833,782
<br />134,340,283
<br />Total Capital Assets, Being Depreciated
<br />193,618,644
<br />5,990,832
<br />(223,207)
<br />199,386,269
<br />Accumulated Depreciation for:
<br />Buildings and Improvements
<br />(10,228,135)
<br />(870,004)
<br />-
<br />(11,098,139)
<br />Equipment
<br />(4,109,109)
<br />(732,424)
<br />215,025
<br />(4,626,508)
<br />Intangible Assets
<br />(834,017)
<br />(668,135)
<br />-
<br />(1,502,152)
<br />Collection and Distribution
<br />(66,144,763)
<br />(3,954,924)
<br />-
<br />(70,099,687)
<br />Total Accumulated Depreciation
<br />(81,316,024)
<br />(6,225,487)
<br />215,025
<br />(87,326,486)
<br />Total Capital Assets, Being Depreciated, Net
<br />112,302,620
<br />(234,655)
<br />(8,182)
<br />112,059,783
<br />Business -Type Activities Capital Assets, Net
<br />$ 115,158,305
<br />$ 3,540,156
<br />$ (3,584,865)
<br />$ 115,113,596
<br />(52)
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