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<br /> 74
<br />City of Elk River
<br />Notes to Basic Financial Statements
<br />
<br />
<br />NOTE 8 – CAPITAL ASSETS (CONTINUED)
<br />
<br />Primary Government (Continued)
<br />
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Business-type activities
<br />Capital assets not being depreciated
<br />Land 1,965,026$ -$ -$ 1,965,026$
<br />Construction in progress 2,351,587 4,755,746 3,278,633 3,828,700
<br />Total capital assets not
<br /> being depreciated 4,316,613 4,755,746 3,278,633 5,793,726
<br />Other capital assets
<br />Buildings and improvements 40,144,257 1,305,623 43,300 41,406,580
<br />Improvements other than buildings 266,259 - - 266,259
<br />Equipment and furniture 12,929,995 1,077,877 488,571 13,519,301
<br />Intangible assets 26,836,332 933,158 - 27,769,490
<br />Collection and distribution 142,832,184 5,072,727 - 147,904,911
<br />Leased equipment 48,008 - - 48,008
<br />Total other capital assets
<br /> at historical cost 223,057,035 8,389,385 531,871 230,914,549
<br />Less accumulated depreciation for
<br />Buildings and improvements 12,743,129 1,235,829 39,150 13,939,808
<br />Improvements other than buildings 107,582 15,922 - 123,504
<br />Equipment and furniture 5,924,994 851,666 443,997 6,332,663
<br />Intangible assets 2,838,423 668,135 - 3,506,558
<br />Collection and distribution 74,081,387 3,838,482 - 77,919,869
<br />Less accumulated amortization for
<br />Leased equipment 5,920 9,602 - 15,522
<br />Total accumulated
<br /> depreciation and amortization 95,701,435 6,619,636 483,147 101,837,924
<br />Total other capital
<br /> assets, net 127,355,600 1,769,749 48,724 129,076,625
<br />Business-type activities
<br /> capital assets, net 131,672,213$ 6,525,495$ 3,327,357$ 134,870,351$
<br />Depreciation and amortization expense was charged to functions/programs of the business-type
<br />activities as follows:
<br />
<br />Business-type activities
<br />Municipal liquor 62,030$
<br />Sewer 1,710,941
<br />Storm water 494,793
<br />Electric 3,177,120
<br />Water 1,174,752
<br />Total depreciation expense - business-type activities 6,619,636$
<br />Page 195 of 464
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