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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2018
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2018 was as follows:
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<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Governmental activities:
<br />Capital assets, not being depreciated:
<br />Land $3,320,059 $ - $ - $ - $3,320,059
<br />Wetland credits 162,372 13,117 (8,265) - 167,224
<br />Construction in progress 2,482,238 3,653,869 (1,826,135) (714,515) 3,595,457
<br />Total capital assets, not being depreciated 5,964,669 3,666,986 (1,834,400) (714,515) 7,082,740
<br />Capital assets, being depreciated:
<br />Buildings 10,921,748 378,911 - - 11,300,659
<br />Office equipment and furniture 783,626 86,190 (8,266) - 861,550
<br />Vehicles 4,344,818 315,814 (103,778) - 4,556,854
<br />Machinery and shop equipment 2,557,317 235,298 (84,670) - 2,707,945
<br />Other equipment 1,111,410 85,048 - - 1,196,458
<br />Infrastructure 85,882,657 2,306,583 - - 88,189,240
<br />Total capital assets, being depreciated 105,601,576 3,407,844 (196,714)0 108,812,706
<br />Less accumulated depreciation for:
<br />Buildings 4,545,737 379,490 - - 4,925,227
<br />Office equipment and furniture 546,849 52,256 (8,266) - 590,839
<br />Vehicles 2,328,463 352,988 (69,786) - 2,611,665
<br />Machinery and shop equipment 1,423,693 183,067 (25,061) - 1,581,699
<br />Other equipment 844,314 21,526 - - 865,840
<br />Infrastructure 59,266,162 1,951,447 - - 61,217,609
<br />Total accumulated depreciation 68,955,218 2,940,774 (103,113)0 71,792,879
<br />Total capital assets being depreciated - net 36,646,358 467,070 (93,601)0 37,019,827
<br />Governmental activities capital assets - net $42,611,027 $4,134,056 ($1,928,001) ($714,515) $44,102,567
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Business-type activities:
<br />Capital assets, not being depreciated:
<br />Construction in progress $1,507,153 $1,242,031 ($1,840,667) $714,515 $1,623,032
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment 474,654 14,009 - - 488,663
<br />Water and sewer systems 47,997,765 1,840,667 - - 49,838,432
<br />Total capital assets, being depreciated 48,472,419 1,854,676 0 0 50,327,095
<br />Accumulated depreciation for:
<br />Machinery and shop equipment 307,215 19,910 - - 327,125
<br />Water and sewer systems 17,840,406 1,073,517 - - 18,913,923
<br />Total accumulated depreciation 18,147,621 1,093,427 0 0 19,241,048
<br />Total capital assets being depreciated - net 30,324,798 761,249 0 0 31,086,047
<br />Business-type activities capital assets - net $31,831,951 $2,003,280 ($1,840,667) $714,515 $32,709,079
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