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CITY OF LITTLE CANADA, MINNESOTA
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />DECEMBER 31, 2022
<br />
<br />
<br />
<br />(53)
<br />NOTE 6 CAPITAL ASSETS (CONTINUED)
<br />B. Changes in Capital Assets Used in Business-Type Activities
<br />Capital asset activity for the year ended December 31, 2022 was as follows:
<br />
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Business-Type Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Permanent Easements 103,301$ -$ -$ -$ 103,301$
<br />Construction in Progress - 4,672 - - 4,672
<br />Total Capital Assets, Not Being Depreciated 103,301 4,672 - - 107,973
<br />Capital Assets, Being Depreciated:
<br />Machinery and Equipment 1,185,085 53,345 - 17,012 1,255,442
<br />Distribution and Collection System 18,824,340 311,185 - (17,012) 19,118,513
<br />Total Capital Assets, Being Depreciated 20,009,425 364,530 - - 20,373,955
<br />Accumulated Depreciation for:
<br />Machinery and Equipment (517,208) (57,804) - 443 (574,569)
<br />Distribution and Collection System (11,956,725) (353,900) - (443) (12,311,068)
<br />Total Accumulated Depreciation (12,473,933) (411,704) - - (12,885,637)
<br />Total Capital Assets, Being Depreciated, Net 7,535,492 (47,174) - - 7,488,318
<br />Business-Type Activities Capital Assets, Net 7,638,793$ (42,502)$ -$ -$ 7,596,291$
<br />
<br />C. Depreciation Expense by Function
<br />Depreciation expense was charged to the functions/programs of the primary government
<br />as follows:
<br />
<br />Governmental Activities:
<br />General Government 200,009$
<br />Public Safety 146,415
<br />Public Works 1,542,767
<br />Community Services 80,403
<br />Total Depreciation Expense,
<br /> Governmental Activities 1,969,594$
<br />Business-Type Activities:
<br />Water 252,963$
<br />Sewer 158,741
<br />Total Depreciation Expense,
<br /> Business-Type Activities 411,704$
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