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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2020
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2020 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 $3,532,930 $ - $ - $ - $3,532,930
<br />Wetland credits 170,421 - (76,545) - 93,876
<br />Construction in progress 10,094,933 6,257,268 (4,206,393) (4,109,805) 8,036,003
<br />Total capital assets, not being depreciated 13,798,284 6,257,268 (4,282,938) (4,109,805) 11,662,809
<br />Capital assets, being depreciated:
<br />Buildings 12,335,828 1,127,365 - - 13,463,193
<br />Office equipment and furniture 713,850 143,325 (27,004) - 830,171
<br />Vehicles 4,617,444 440,743 (147,864) - 4,910,323
<br />Machinery and shop equipment 2,568,859 252,534 (66,813) - 2,754,580
<br />Other equipment 1,555,397 226,733 - - 1,782,130
<br />Infrastructure 88,241,098 8,430,785 (397,991) - 96,273,892
<br />Total capital assets, being depreciated 110,032,476 10,621,485 (639,672)0 120,014,289
<br />Less accumulated depreciation for:
<br />Buildings 5,352,351 491,604 - - 5,843,955
<br />Office equipment and furniture 480,674 51,616 (14,407) - 517,883
<br />Vehicles 2,774,871 316,575 (142,985) - 2,948,461
<br />Machinery and shop equipment 1,481,330 207,249 (4,654)1,683,925
<br />Other equipment 720,205 59,891 - - 780,096
<br />Infrastructure 63,161,645 1,987,212 (397,991) - 64,750,866
<br />Total accumulated depreciation 73,971,076 3,114,147 (560,037)0 76,525,186
<br />Total capital assets being depreciated - net 36,061,400 7,507,338 (79,635)0 43,489,103
<br />Governmental activities capital assets - net $49,859,684 $13,764,606 ($4,362,573) ($4,109,805) $55,151,912
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<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Business-type activities:
<br />Capital assets, not being depreciated:
<br />Construction in progress $6,123,837 $3,498,369 ($3,324,633) $4,039,013 $10,336,586
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment 392,536 165,016 (6,999)550,553
<br />Water and sewer systems 50,120,778 3,657,209 - 70,792 53,848,779
<br />Total capital assets, being depreciated 50,513,314 3,822,225 (6,999) 70,792 54,399,332
<br />Accumulated depreciation for:
<br />Machinery and shop equipment 252,933 46,848 (6,274) - 293,507
<br />Water and sewer systems 19,993,398 1,082,816 - - 21,076,214
<br />Total accumulated depreciation 20,246,331 1,129,664 (6,274)0 21,369,721
<br />Total capital assets being depreciated - net 30,266,983 2,692,561 (725) 70,792 33,029,611
<br />Business-type activities capital assets - net $36,390,820 $6,190,930 ($3,325,358) $4,109,805 $43,366,197
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