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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2021
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<br />
<br />
<br />
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Business-type activities:
<br />Capital assets, not being depreciated:
<br />Construction in progress $10,336,586 $792,024 ($8,322,112) $432,707 $3,239,205
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment 550,553 152,220 (33,030) - 669,743
<br />Water and sewer systems 53,848,779 8,322,112 - - 62,170,891
<br />Total capital assets, being depreciated 54,399,332 8,474,332 (33,030)0 62,840,634
<br />Accumulated depreciation for:
<br />Machinery and shop equipment 293,507 39,207 (31,460) - 301,254
<br />Water and sewer systems 21,076,214 1,136,355 - - 22,212,569
<br />Total accumulated depreciation 21,369,721 1,175,562 (31,460)0 22,513,823
<br />Total capital assets being depreciated - net 33,029,611 7,298,770 (1,570)0 40,326,811
<br />Business-type activities capital assets - net $43,366,197 $8,090,794 ($8,323,682) $432,707 $43,566,016
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<br />Depreciation expense was charged to functions/programs of the City as follows:
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<br />Governmental activities:
<br />General government $587,343
<br />Public safety 302,722
<br />Public services 2,558,047
<br />Conservation of natural resources 850
<br /> Total depreciation expense - governmental activities $3,448,962
<br />Business-type activities:
<br />Water $625,544
<br />Sewer 550,018
<br /> Total depreciation expense - business-type activities $1,175,562
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