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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2021
<br />Business -type activities:
<br />Capital assets, not being depreciated:
<br />Construction in progress
<br />Capitalassets, being depreciated:
<br />Machinery and shop equipment
<br />Water and sewer systems
<br />Total capital assets, being depreciated
<br />Accumulated depreciation for
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />$10,336,586 $792,024 ($8,322,112) $432,707 $3,239,205
<br />550,553 152,220 (33,030) 669,743
<br />53,848,779 8,322,112 62,170,891
<br />54,399,332 8,474,332 (33,030) 0 62,840,634
<br />Machinery and shop equipment
<br />293,507
<br />39,207
<br />(31,460)
<br />301,254
<br />Water and sewer systems
<br />21,076,214
<br />1,136,355
<br />22,212,569
<br />Total accumulated depreciation
<br />21,369,721
<br />1,175,562
<br />(31,460)
<br />0 22,513,823
<br />Total capital assets being depreciated - net
<br />33,029,611
<br />7,298,770
<br />(1,570)
<br />0 40,326,811
<br />Business -type activities capital assets -net
<br />$43,366,197
<br />$9,090,794
<br />($8,323,682)
<br />$432,707 $43,566,016
<br />Depreciation expense was charged to functions/programs of the City as follows:
<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
<br />57
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