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CITY OF ELK RIVER, MINNESOTA '
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2007 '
<br />Note 3: DETAILED NOTES ON ALL FUNDS -CONTINUED '
<br /> Beginning Ending
<br />Primary Government Balance Reclassification Additions Deletions Balance
<br /> '
<br />Business-type activities:
<br />Capital assets not being depreciated:
<br />Land $ 1,446,090 $ - $ - $ - $ 1,446,090
<br />
<br />Construction in progress
<br />1,584,497 -
<br />594,467 -
<br />2.178,964 '
<br />Total capital assets
<br />not being depreciated 3,030,587 - 594,467 - 3,625,054
<br />
<br />Capital assets being depreciated: '
<br />Buildings 15,251,292 - 22,000 - 15,273,292
<br />Equipment 4,425,089 - 152,334 - 4,577,423
<br />
<br />Collection and distribution
<br />87,244,867 -
<br />5,180,212 -
<br />92,425,079 '
<br />Total capital assets
<br />being depreciated 106,921,248 - 5,354,546 - ]12,275,794
<br />Less accumulated depreciation for: '
<br />Buildings 5,384,667 - 466,002 - 5.850,669
<br />Equipment 2,620,548 33,278 316,200 - 2,970,026
<br />Collection attd distribution 25,i44,D71 153,113 3,050,483 - 28,347,667
<br />
<br />Total accumulated depreciation
<br />33,149,286 186,391
<br />3,832,685
<br />37,168,362 '
<br />Total capital assets
<br />being depreciated, net 73,771962 (186.391) 1,521,861 - 75,107,432
<br />Business-type activities
<br />capital assets, net $ 76,802 549 $ (186,391) $ 2,116,328 $ $ 78,732,486
<br /> '
<br />Depreciation expense was charged to functions/programs of the primary govemment as follows:
<br />Governmental activities: '
<br />Genera] government $ 278 773
<br />Public safety 770,898
<br />Public works 2,966,427
<br />
<br />Culture and recreation
<br />687,35? '
<br />Total depreciation expense - governmental activities $ 4,703,450 '
<br />Business-type activities:
<br />Municipal liquor $ 137
<br />787
<br />Sewer ,
<br />852,651
<br />Water 921,4>0
<br />Electric 1,920,797
<br />Total de
<br />i
<br />ti '
<br />prec
<br />a
<br />on expense -business-type activities $ 3,832,685
<br />
<br />
<br />50 '
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