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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2022
<br />
<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 $3,239,205 $5,862,734 ($858,062) $1,639,217 $9,883,094
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment 669,743 120,411 - - 790,154
<br />Water and sewer systems 62,170,891 849,067 - - 63,019,958
<br />Total capital assets, being depreciated 62,840,634 969,478 0 0 63,810,112
<br />Accumulated depreciation for:
<br />Machinery and shop equipment 301,254 59,085 - - 360,339
<br />Water and sewer systems 22,212,569 1,327,735 - - 23,540,304
<br />Total accumulated depreciation 22,513,823 1,386,820 0 0 23,900,643
<br />Total capital assets being depreciated - net 40,326,811 (417,342)0 0 39,909,469
<br />Business-type activities capital assets - net $43,566,016 $5,445,392 ($858,062) $1,639,217 $49,792,563
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<br />Depreciation expense was charged to functions/programs of the City as follows:
<br />
<br />Governmental activities:
<br />General government $556,185
<br />Public safety 308,091
<br />Public works 2,372,054
<br />Culture and recreation 316,194
<br />Conservation of natural resources 850
<br /> Total depreciation expense - governmental activities $3,553,374
<br />Business-type activities:
<br />Water $789,107
<br />Sewer 597,713
<br /> Total depreciation expense - business-type activities $1,386,820
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<br />60
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