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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2017
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2017 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 $3,275,859 $44,200 $ - $ - $3,320,059
<br />Wetland credits - 162,372 - - 162,372
<br />Construction in progress 8,961,062 2,742,038 (9,050,652) (170,210) 2,482,238
<br />Total capital assets, not being depreciated 12,236,921 2,948,610 (9,050,652) (170,210) 5,964,669
<br />Capital assets, being depreciated:
<br />Buildings 6,891,847 4,029,901 - - 10,921,748
<br />Office equipment and furniture 659,440 124,186 - - 783,626
<br />Vehicles 3,417,668 1,102,354 (175,204) - 4,344,818
<br />Machinery and shop equipment 2,309,413 275,921 (28,017) - 2,557,317
<br />Other equipment 1,034,126 77,284 - - 1,111,410
<br />Infrastructure 80,738,460 5,144,197 - - 85,882,657
<br />Total capital assets, being depreciated 95,050,954 10,753,843 (203,221)0 105,601,576
<br />Less accumulated depreciation for:
<br />Buildings 4,185,492 360,245 - - 4,545,737
<br />Office equipment and furniture 501,736 45,113 - - 546,849
<br />Vehicles 2,046,936 396,889 (115,362) - 2,328,463
<br />Machinery and shop equipment 1,292,081 154,165 (22,553) - 1,423,693
<br />Other equipment 827,741 16,573 - - 844,314
<br />Infrastructure 57,279,464 1,986,698 - - 59,266,162
<br />Total accumulated depreciation 66,133,450 2,959,683 (137,915)0 68,955,218
<br />Total capital assets being depreciated - net 28,917,504 7,794,160 (65,306) (170,210) 36,646,358
<br />Governmental activities capital assets - net $41,154,425 $10,742,770 ($9,115,958) ($170,210) $42,611,027
<br />Beginning Ending
<br />Balance Increases Decreases Transfers Balance
<br />Business-type activities:
<br />Capital assets, not being depreciated:
<br />Construction in progress $5,617,436 $1,006,237 ($5,116,520) $ - $1,507,153
<br />Capital assets, being depreciated:
<br />Machinery and shop equipment 474,654 - - - 474,654
<br />Water and sewer systems 42,858,242 4,969,313 - 170,210 47,997,765
<br />Total capital assets, being depreciated 43,332,896 4,969,313 0 170,210 48,472,419
<br />Accumulated depreciation for:
<br />Machinery and shop equipment 307,215 19,870 - - 327,085
<br />Water and sewer systems 16,782,509 1,038,028 - - 17,820,537
<br />Total accumulated depreciation 17,089,724 1,057,898 0 0 18,147,622
<br />Total capital assets being depreciated - net 26,243,172 3,911,415 0 170,210 30,324,797
<br />Business-type activities capital assets - net $31,860,608 $4,917,652 ($5,116,520) $170,210 $31,831,950
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