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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2016
<br />Note 5 CAPITAL ASSETS
<br />Beginning
<br />21,806
<br />(4,285)
<br />Ending
<br />Capital asset activity for the year ended December
<br />31, 2016 was as
<br />follows:
<br />Decreases
<br />Balance
<br />Business -type activities:
<br />Beginning
<br />892,806
<br />(10,861)
<br />Ending
<br />Capital assets, not being depreciated:
<br />Balance
<br />Increases
<br />Decreases
<br />Balance
<br />Governmental activities:
<br />$1,830,071
<br />$3,787,365
<br />$ -
<br />$5,617,436
<br />Capital assets, not being depreciated:
<br />Land
<br />$3,275,859
<br />$ -
<br />$
<br />$3,275,859
<br />Construction in progress
<br />7,268,375
<br />1,692,687
<br />(176,175)
<br />8,961,062
<br />Total capital assets, not being depreciated
<br />10,544,234
<br />1,692,687
<br />0
<br />12,236,921
<br />Capital assets, being depreciated:
<br />Buildings
<br />6,765,619
<br />126,228
<br />6,891,847
<br />Office equipment and furniture
<br />629,172
<br />68,000
<br />(37,732)
<br />659,440
<br />Vehicles
<br />3,130,157
<br />628,412
<br />(340,901)
<br />3,417,668
<br />Machinery and shop equipment
<br />2,255,796
<br />57,123
<br />(3,506)
<br />2,309,413
<br />Other equipment
<br />1,005,797
<br />28,329
<br />1,034,126
<br />Infrastructure
<br />80,480,767
<br />257,693
<br />80,738,460
<br />Total capital assets, being depreciated
<br />94,267,308
<br />1,165,785
<br />(382,139)
<br />95,050,954
<br />Less accumulated depreciation for:
<br />Buildings
<br />3,963,206
<br />222,286
<br />4,185,492
<br />Office equipment and furniture
<br />495,212
<br />43,733
<br />(37,209)
<br />501,736
<br />Vehicles
<br />1,988,785
<br />393,648
<br />(335,497)
<br />2,046,936
<br />Machinery and shop equipment
<br />1,146,269
<br />149,318
<br />(3,506)
<br />1,292,081
<br />Other equipment
<br />812,675
<br />15,066
<br />827,741
<br />Infrastructure
<br />55,177,358
<br />2,102,106
<br />57,279,464
<br />Total accumulated depreciation
<br />63,583,505
<br />2,926,157
<br />(376,212)
<br />66,133,450
<br />Total capital assets being depreciated - net
<br />30,683,803
<br />(1,760,372)
<br />(5,927)
<br />28,917,504
<br />Governmental activities capital assets - net
<br />$41,228,037
<br />($67,685)
<br />($5,927)
<br />$41,154,425
<br />Accumulated depreciation for
<br />Machinery and shop equipment
<br />Beginning
<br />21,806
<br />(4,285)
<br />Ending
<br />Water and sewer systems
<br />Balance
<br />Increases
<br />Decreases
<br />Balance
<br />Business -type activities:
<br />16,207,779
<br />892,806
<br />(10,861)
<br />17,089,724
<br />Capital assets, not being depreciated:
<br />27,297,758
<br />(884,985)
<br />(169,599)
<br />26,243,174
<br />Construction in progress
<br />$1,830,071
<br />$3,787,365
<br />$ -
<br />$5,617,436
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment
<br />449,155
<br />7,821
<br />(4,285)
<br />452,691
<br />Water and sewer systems
<br />43,056,382
<br />-
<br />(176,175)
<br />42,880,207
<br />Total capital assets, being depreciated
<br />43,505,537
<br />7,821
<br />(180,460)
<br />43,332,898
<br />Accumulated depreciation for
<br />Machinery and shop equipment
<br />267,730
<br />21,806
<br />(4,285)
<br />285,251
<br />Water and sewer systems
<br />15,940,049
<br />871,000
<br />(6,576)
<br />16,804,473
<br />Total accumulated depreciation
<br />16,207,779
<br />892,806
<br />(10,861)
<br />17,089,724
<br />Total capital assets being depreciated - net
<br />27,297,758
<br />(884,985)
<br />(169,599)
<br />26,243,174
<br />Business -type activities capital assets - net
<br />$29,127,829
<br />$2,902,380
<br />($169,599)
<br />$31,860,610
<br />58
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