|
CITY OF ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2006
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />C.Capital Assets
<br />In accordance with GASB Statement No. 34, the City has reported all capital assets including infrastructure in the
<br />government-wide statement of net assets. Capital asset activity for the year ended December 31, 2006 was as follows:
<br />BeinninEndin
<br />ggg
<br />BalanceAdditionsDeletionsBalance
<br />Primary Government
<br />Governmental activities:
<br />Caital assets not bein dereciated:
<br />pgp
<br />Land$ 5,101,23331,489,967$$ 36,591,200-$
<br />Construction in roress2,432,0023,168,482 3,168,4822,432,002
<br />pg()
<br />Total ca
<br />pital assets
<br /> not bein dereciated33,921,9698,269,715 39,759,6822,432,002
<br />gp()
<br />Caital assets bein dereciated:
<br />pgp
<br />Buildins18,944,355 608,526 19,552,881-
<br />g
<br />Other improvements2,214,482 798,325 3,012,807-
<br />Equipment7,021,4191,095,783(198,002)7,919,200
<br />Infrastructure59,647,1555,254,096 64,901,251-
<br />Total caital assets
<br />p
<br /> bein dereciated87,827,4117,756,730198,00295,386,139
<br />gp()
<br />Less accumulated depreciation for:
<br />Buildings4,240,471 817,824 5,058,295-
<br />Other improvements831,443 177,646 1,009,089-
<br />Euiment3,909,222 648,652160,5154,397,359
<br />qp()
<br />Infrastructure20,613,0022,696,407 23,309,409-
<br />Total accumulated depreciation29,594,1384,340,529(160,515)33,774,152
<br />Total capital assets
<br /> being depreciated, net58,233,2733,416,201(37,487)61,611,987
<br />Governmental activities
<br /> capital assets, net$ 11,685,91692,155,242$$(2,469,489)$101,371,669
<br />45
<br />
<br />
|