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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2014
<br />Note 3 CAPITAL ASSETS (CONTINUED)
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Business -Type Activities:
<br />Capital Assets, Being Depreciated:
<br />Buildings $ 48,690 $ $ $ 48,690
<br />Machinery and Shop Equipment 545,511 545,511
<br />Water and Sewer Lines 41,495,364 41,495,364
<br />Total Capital Assets, Being Depreciated 42,089,565 42,089,565
<br />Accumulated Depreciation for:
<br />Buildings (48,690)
<br />(48,690)
<br />Machinery and Shop Equipment (312,584)
<br />(21,899)
<br />(334,483)
<br />Water and Sewer Lines (13,305,007)
<br />(845,363)
<br />(14,150,370)
<br />Total Accumulated Depreciation (13,666,281)
<br />(867,262)
<br />(14,533,543)
<br />Total Capital Assets, Being Depreciated, Net 28,423,284
<br />(867,262)
<br />27,556,022
<br />Business -Type Capital Assets, Net $ 28,423,284 $
<br />(867,262)
<br />$
<br />$ 27,556,022
<br />Depreciation expense charged to functions/programs of the primary government as follows:
<br />Governmental Activities:
<br />General Government
<br />$
<br />237,834
<br />Public Safety
<br />144,301
<br />Public Services
<br />2,409,552
<br />Parks, Recreation and Forestry
<br />148,284
<br />Community Development
<br />500
<br />Total Depreciation Expense, Governmental Activities
<br />$
<br />2,940,471
<br />Business -type Activities:
<br />Water
<br />$
<br />422,674
<br />Sewer
<br />444,588
<br />Total Depreciation Expense, Governmental Activities
<br />$
<br />867,262
<br />47
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