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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2006
<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2006 was as follows:
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated
<br />Land
<br />Construction in Progress
<br />Total Capital Assets, Not Being Depreciated
<br />Capital Assets, Being Depreciated:
<br />Buildings
<br />Office Equipment and Furniture
<br />Vehicles
<br />Machinery and Shop Equipment
<br />Other Equipment
<br />Infrastructure
<br />Total Capital Assets, Being Depreciated
<br />Accumulated Depreciation for:
<br />Buildings
<br />Office Equipment and Furniture
<br />Vehicles
<br />Machinery and Shop Equipment
<br />Other Equipment
<br />Infrastructure
<br />Total Accumulated Depreciation
<br />Total Capital Assets, Being Depreciated, Net
<br />Governmental Activities Capital Assets, Net
<br />Beginning
<br />Balance
<br />Increases
<br />$ 2,809,059 $ -
<br />5,066,936
<br />2,809,059 5,066,936
<br />6,444,455
<br />969,182
<br />1,522,524
<br />687,177
<br />960,837
<br />67,328,650
<br />77,912,825
<br />(1,687,931)
<br />(540,024)
<br />(780,907)
<br />(435,771)
<br />(496,365)
<br />(31,330,103)
<br />(35,271,101)
<br />42,641,724
<br />$ 45,450,783
<br />52,415
<br />159,555
<br />389,288
<br />83,967
<br />2,659,864
<br />3,345,089
<br />(215,190)
<br />(74,404)
<br />(178,433)
<br />(34,206)
<br />(55,674)
<br />(2,134,835)
<br />(2,692,742)
<br />652,347
<br />$ 5,719,283
<br />Depreciation expense was charged to governmental functions as follows:
<br />Governmental Activities:
<br />General Government
<br />Public Safety
<br />Public Services
<br />Parks, Recreation and Forestry
<br />Community Development
<br />Total Depreciation Expense, Govemmental Activities
<br />Beginning
<br />Balance
<br />Business -Type Activities:
<br />Capital Assets, Not Being Depreciated
<br />Construction in Progress
<br />Total capital assets, not being depreciated
<br />Capital Assets, Being Depreciated:
<br />Buildings
<br />Machinery and Shop Equipment
<br />Water and Sewer Lines
<br />Total Capital Assets, Being Depreciated
<br />Accumulated Depreciation for:
<br />Buildings
<br />Machinery and Shop Equipment
<br />Water and Sewer Lines
<br />Total Accumulated Depreciation
<br />Total Capital Assets, Being Depreciated, Net
<br />Business -Type Capital Assets, Net
<br />$ 356,061
<br />356,061
<br />48,690
<br />265,977
<br />37,094,480
<br />37,409,147
<br />(48,690)
<br />(204,063)
<br />(6,744,631)
<br />(6,997,384)
<br />30,411,763
<br />$ 30,767,824
<br />45
<br />$ 259,907
<br />106,244
<br />2,148,248
<br />177,843
<br />500
<br />$ 2,692,742
<br />Increases
<br />Decreases
<br />Ending
<br />Balance
<br />- $ 2,809,059
<br />5,066,936
<br />7,875,995
<br />6,496,870
<br />(69,655) 1,059,082
<br />(184,187) 1,727,625
<br />(30,399) 740,745
<br />960,837
<br />69,988,514
<br />(284,241) 80,973,673
<br />(1,903,121)
<br />69,655 (544,773)
<br />182,787 (776,553)
<br />21,160 (448,817)
<br />(552,039)
<br />(33,464,938)
<br />273,602 (37,690,241)
<br />(10,639) 43,283,432
<br />$ (10,639) $ 51,159,427
<br />Decreases
<br />Ending
<br />Balance
<br />$ $ (356,061) $
<br />(356,061)
<br />56,718
<br />1,880,438
<br />1,937,156
<br />(9,388)
<br />(748,161)
<br />(757,549)
<br />48,690
<br />(3,829) 318,866
<br />(1,627) 38,973,291
<br />(5,456) 39,340,847
<br />(48,690)
<br />3,829 (209,622)
<br />1,627 (7,491,165)
<br />5,456 (7,749,477)
<br />1,179,607 31,591,370
<br />$ 1,179,607 $ (356,061) $ 31,591,370
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