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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 3,828,700 7,102,927 10,605,629 325,998
<br />Total capital assets not
<br /> being depreciated 5,793,726 7,102,927 10,605,629 2,291,024
<br />Other capital assets
<br />Buildings and improvements 41,406,580 883,554 - 42,290,134
<br />Improvements other than buildings 266,259 - - 266,259
<br />Equipment and furniture 13,519,301 197,631 26,863 13,690,069
<br />Intangible assets 27,769,490 946,134 - 28,715,624
<br />Collection and distribution 147,904,911 11,185,261 691,916 158,398,256
<br />Equipment lease asset 48,008 46,388 48,008 46,388
<br />Total other capital assets
<br /> at historical cost 230,914,549 13,258,968 766,787 243,406,730
<br />Less accumulated depreciation for
<br />Buildings and improvements 13,939,808 1,291,338 - 15,231,146
<br />Improvements other than buildings 123,504 15,502 - 139,006
<br />Equipment and furniture 6,332,663 868,991 26,863 7,174,791
<br />Intangible assets 3,506,558 668,135 - 4,174,693
<br />Collection and distribution 77,919,869 3,940,835 660,917 81,199,787
<br />Less accumulated amortization for
<br />Equipment lease asset 15,522 9,548 23,524 1,546
<br />Total accumulated
<br /> depreciation and amortization 101,837,924 6,794,349 711,304 107,920,969
<br />Total other capital
<br /> assets, net 129,076,625 6,464,619 55,483 135,485,761
<br />Business-type activities
<br /> capital assets, net 134,870,351$ 13,567,546$ 10,661,112$ 137,776,785$
<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 63,737$
<br />Sewer 1,708,674
<br />Storm water 481,076
<br />Electric 3,317,829
<br />Water 1,223,033
<br />Total depreciation expense - business-type activities 6,794,349$
<br />Page 264 of 637
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