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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2019
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2019 was as follows:
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Governmental activities:
<br />Capital assets, not being depreciated:
<br />Land $3,320,059 $212,871 $ - $ - $3,532,930
<br />Wetland credits 167,224 3,197 - - 170,421
<br />Construction in progress 3,595,457 8,418,607 (380,816) (1,538,315) 10,094,933
<br />Total capital assets, not being depreciated 7,082,740 8,634,675 (380,816) (1,538,315) 13,798,284
<br />Capital assets, being depreciated:
<br />Buildings 11,300,659 1,035,169 - - 12,335,828
<br />Office equipment and furniture 861,550 23,258 (170,958) - 713,850
<br />Vehicles 4,556,854 218,796 (158,206) - 4,617,444
<br />Machinery and shop equipment 2,707,945 262,778 (401,864) - 2,568,859
<br />Other equipment 1,196,458 538,199 (179,260) - 1,555,397
<br />Infrastructure 88,189,240 51,858 - - 88,241,098
<br />Total capital assets, being depreciated 108,812,706 2,130,058 (910,288)0 110,032,476
<br />Less accumulated depreciation for:
<br />Buildings 4,925,227 427,124 - - 5,352,351
<br />Office equipment and furniture 590,839 60,511 (170,676) - 480,674
<br />Vehicles 2,611,665 321,412 (158,206) - 2,774,871
<br />Machinery and shop equipment 1,581,699 202,207 (302,576) - 1,481,330
<br />Other equipment 865,840 33,625 (179,260) - 720,205
<br />Infrastructure 61,217,609 1,944,036 - - 63,161,645
<br />Total accumulated depreciation 71,792,879 2,988,915 (810,718)0 73,971,076
<br />Total capital assets being depreciated - net 37,019,827 (858,857)(99,570)0 36,061,400
<br />Governmental activities capital assets - net $44,102,567 $7,775,818 ($480,386) ($1,538,315) $49,859,684
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Business-type activities:
<br />Capital assets, not being depreciated:
<br />Construction in progress $1,623,032 $3,234,156 ($271,666) $1,538,315 $6,123,837
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment 488,663 - (96,127) - 392,536
<br />Water and sewer systems 49,838,432 282,346 - - 50,120,778
<br />Total capital assets, being depreciated 50,327,095 282,346 (96,127)0 50,513,314
<br />Accumulated depreciation for:
<br />Machinery and shop equipment 327,125 19,900 (94,092) - 252,933
<br />Water and sewer systems 18,913,923 1,079,475 - - 19,993,398
<br />Total accumulated depreciation 19,241,048 1,099,375 (94,092)0 20,246,331
<br />Total capital assets being depreciated - net 31,086,047 (817,029)(2,035)0 30,266,983
<br />Business-type activities capital assets - net $32,709,079 $2,417,127 ($273,701) $1,538,315 $36,390,820
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