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IV-28CITY OF LINO LAKES, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2018 No~S 'APIT,Y, ASSET§ Capital asset activity for the year ended December 31, 2018 was as follows: Beginning Balance Increases Governmental activities: Capital assc1s, not being depreciated: Land $3,320,059 $ Wetland credits 162,372 13,117 Construetion in progress :!,482~8 3,653,869 Total capital assets, not being depreeiated 519641669 3,666,986 Capital assc1s, being depreeiated: Buildings 10,921,748 378,911 Office equipment and furniture 783,626 86,190 Vehicles 4,344,818 315,814 Machine,y and shop equipment 2,557,317 235,298 Other equipment l,lll,410 85,048 Infrastrocture 85,882,657 2,306,583 Total capital assc1s, being depreciated 105,601,576 3,407,844 Less accumulated depreeiation for: Buildings 4,545,737 379,490 Office equipment and :furniture 546,849 52,256 Vehicles 2,328,463 352,988 Machinery and shop equipment 1,423,693 183,067 Olher equipment 844,314 21,526 Infrastrocture 59,266,162 1,951,447 Total accumulated depreciatioo 68,955,218 2,940,774 Total capital assets being depreeiated -net 36,646,358 467070 Govenunental activities capital assets • net $4216111027 $4,1341056 Beginning Balance Increases Business-type activities: Capital assets, not being depreciated: Construction in progress $115071153 $1,242,031 Capital assc1s, being depreciated: Machinery and shop equipment 474,654 14,009 Water and sewer systems 47,997,765 1,840,667 Total capital assc1s, being depreciated 48,472,419 1,854,676 Accumulated depreciation for: Machinery and shop equipment 307,215 19,910 W-and sewer systems 17,840,406 1,073,517 TotaJ accmnulated depreciation 18,147,621 1,093,427 Total capital assets being depreciated -net 30,324,798 761~9 Business-type activities capital assets -net $31,831,951 $2,0031280 Ending Decreases Transfm Balance $ $ $3,320,059 (8,265) 167,224 !1,826,135) !714,515) 3,595,457 !1,834,400) !714,515) 7,082,740 11,300,659 (8,266) 861,550 (103,778) 4,556,854 (84,670) 2,707,945 1,196,458 88,189~40 (196,714) 0 108,812,706 4,925,227 (8,266) 590,839 (69,786) 2,611,665 (25,061) 1,581,699 865,840 61~17,609 !103,113) 0 71,792,879 !93,601) 0 37,019,827 ,s1192s1001l ($714,515) $44,1021567 Ending Decreases Transfers Balance !Sl1840166ZJ $714 515 __!!,S032 488,663 49,838,432 0 0 50,327,095 327,125 18,913,923 0 0 19~1,048 0 0 31,086,047 ,st1840166Zl $714 515 $32,7091079 CITY OF LINO LAKES, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2018 Depreciation expense was charged to functions/programs of the City as follows: Governmental activities: General government Public safety Public services Conservation of natural resources Total depreciation expense -governmental activities Business-type activities: Water Sewer Total depreciation expense -business-type activities $396,284 326,006 2,217,634 850 $2,940,774 $597,571 495,856 $1,093,427
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