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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2008 AND 2007
<br />Note 2: DETAILED NOTES ON ALL FUNDS -CONTINUED
<br />Water fiznd capital asset activity for the year ended December 31, 2008 was as follows:
<br />Reclassifications
<br />and
<br /> Beginning Prior Period Ending
<br /> Balance Adjustments Increases Decreases Balance
<br />Capital assets not
<br />being depreciated
<br />Land $ 11,000 $ 70,539 $ - $ - $ 81,539
<br />Construction in progress 247,560 - - (196,454) 51,106
<br />Total capital assets
<br />not being depreciated 258,560 70,539 - (196,454) 132,645
<br />Capital assets being depreciated
<br />Buildings 738,145 - - - 738,145
<br />Machinery and equipment 320,825 - 13,668 - 334,493
<br />Infrastructure 29,315,875 (70,539) 1,155,947 30,401,283
<br />Total capital assets
<br />being depreciated 30,374,845 (70,539) 1,169,615 - 31,473,921
<br />Less accumulated
<br />depreciation for
<br />Buildings (194,949) - (20,855) - (215,804)
<br />Machinery and equipment (132,522) - (33,346) - (165,868)
<br />Infrastructure (6,774,801) (8,560) (920,647) (7,704,008)
<br />Total accumulated
<br />depreciation (7,102,272) (8,560) (974,848) - (8,085,680)
<br />Total capital assets
<br />being depreciated, net 23,272,573 (79,099) 194,767 - 23,388,241
<br />Business-type activities
<br />capital assets, net $ 23.531.133 $ (8.560) $ 194.767 $ (196.4541 $ 23.520.886
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