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City of Elk River
<br />Notes to Basic Financial Statements
<br />NOTE 7 — CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2021, was as follows:
<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 />Capital assets being depreciated
<br />Buildings
<br />Other Improvements
<br />Equipment
<br />Infrastructure
<br />Total capital assets
<br />being depreciated
<br />Less accumulated depreciation for
<br />Buildings
<br />Other Improvements
<br />Equipment
<br />Infrastructure
<br />Total accumulated
<br />depreciation
<br />Total capital assets being
<br />depreciated, net
<br />Beginning
<br />Balance
<br />$ 40,769,513
<br />2,586,460
<br />43,355,973
<br />Increases
<br />14,926,951
<br />14,926,951
<br />Decreases
<br />$ 1,966,850
<br />1,070,824
<br />3,037,674
<br />Ending
<br />Balance
<br />$ 38,802,663
<br />16,442,587
<br />55,245,250
<br />67,975,766
<br />1,667,843
<br />1,030,602
<br />68,613,007
<br />10,387,112
<br />533,733
<br />112,750
<br />10,808,095
<br />14,857,960
<br />2,005,338
<br />492,245
<br />16,371,053
<br />72,706,872
<br />6,989,510
<br />5,619,463
<br />74,076,919
<br />165,927,710
<br />11,196,424
<br />7,255,060
<br />169,869,074
<br />21,773,313
<br />2,310,752
<br />1,030,602
<br />23,053,463
<br />4,555,375
<br />448,493
<br />112,750
<br />4,891,118
<br />9,521,691
<br />839,992
<br />487,849
<br />9,873,834
<br />49,535,639
<br />2,552,355
<br />5,433,689
<br />46,654,305
<br />85,386,018
<br />6,151,592
<br />7,064,890
<br />84,472,720
<br />80,541,692
<br />5,044,832
<br />(190,170)
<br />85,396,354
<br />Governmental activities capital
<br />assets, net $ 123,897,665 $ 19,971,783 $ (3,227,844) $ 140,641,604
<br />Depreciation expense was charged to functions/programs of the governmental activities as follows:
<br />Governmental activities
<br />General government $ 214,169
<br />Public safety 519,944
<br />Public works 3,245,175
<br />Culture and recreation 2,172,304
<br />Total depreciation expense - governmental activities $ 6,151,592
<br />72
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