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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2016
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2016 was as follows:
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<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Governmental activities:
<br />Capital assets, not being depreciated:
<br />Land $3,275,859 $ - $ - $3,275,859
<br />Construction in progress 7,268,375 1,692,687 - 8,961,062
<br />Total capital assets, not being depreciated 10,544,234 1,692,687 0 12,236,921
<br />Capital assets, being depreciated:
<br />Buildings 6,765,619 126,228 - 6,891,847
<br />Office equipment and furniture 629,172 68,000 (37,732) 659,440
<br />Vehicles 3,130,157 628,412 (340,901) 3,417,668
<br />Machinery and shop equipment 2,255,796 57,123 (3,506) 2,309,413
<br />Other equipment 1,005,797 28,329 - 1,034,126
<br />Infrastructure 80,480,767 257,693 - 80,738,460
<br />Total capital assets, being depreciated 94,267,308 1,165,785 (382,139) 95,050,954
<br />Less accumulated depreciation for:
<br />Buildings 3,963,206 222,286 - 4,185,492
<br />Office equipment and furniture 495,212 43,733 (37,209) 501,736
<br />Vehicles 1,988,785 393,648 (335,497) 2,046,936
<br />Machinery and shop equipment 1,146,269 149,318 (3,506) 1,292,081
<br />Other equipment 812,675 15,066 - 827,741
<br />Infrastructure 55,177,358 2,102,106 - 57,279,464
<br />Total accumulated depreciation 63,583,505 2,926,157 (376,212) 66,133,450
<br />Total capital assets being depreciated - net 30,683,803 (1,760,372) (5,927) 28,917,504
<br />Governmental activities capital assets - net $41,228,037 ($67,685) ($5,927) $41,154,425
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<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Business-type activities:
<br />Capital assets, not being depreciated:
<br />Construction in progress $1,830,071 $3,787,365 $ - $5,617,436
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment 449,155 7,821 (4,285) 452,691
<br />Water and sewer systems 43,056,382 - (176,175) 42,880,207
<br />Total capital assets, being depreciated 43,505,537 7,821 (180,460) 43,332,898
<br />Accumulated depreciation for:
<br />Machinery and shop equipment 267,730 21,806 (4,285) 285,251
<br />Water and sewer systems 15,940,049 871,000 (6,576) 16,804,473
<br />Total accumulated depreciation 16,207,779 892,806 (10,861) 17,089,724
<br />Total capital assets being depreciated - net 27,297,758 (884,985) (169,599) 26,243,174
<br />Business-type activities capital assets - net $29,127,829 $2,902,380 ($169,599) $31,860,610
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