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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2004
<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2004 was as follows:
<br />Governmental Activities:
<br />Capital Assets, Not Being Depreciated
<br />Land
<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
<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
<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 />$ 3,113,490 $ -
<br />3,113,490 -
<br />Decreases
<br />Ending
<br />Balance
<br />(20,000) $ 3,093,490
<br />(20,000) 3,093,490
<br />6,470,929 14,926 (41,400) 6,444,455
<br />965,000 23,129 (5,314) 982,815
<br />1,346,258 205,449 (81,264) 1,470,443
<br />618,889 32,960 (6,698) 645,151
<br />929,765 - 929,765
<br />62,640,392 3,411,948 (827,660) 65,224,680
<br />72,971,233 3,688,412 (962,336) 75,697,309
<br />(1,269,088) (216,073) 12,420 (1,472,741)
<br />(476,327) (84,658) 5,314 (555,671)
<br />(615,064) (151,769) 79,534 (687,299)
<br />(375,699) (35,321) 6,698 (404,322)
<br />(390,395) (53,403) (443,798)
<br />(27,670,053) (2,219,832) 758,885 (29,131,000)
<br />(30,796,626) (2,761,056) 862,851 (32,694,831)
<br />42,174,607 927,356 (99,485) 43,002,478
<br />$ 45,288,097 $ 927,356 $ (119,485) $ 46,095,968
<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, Governmental Activities
<br />Beginning
<br />Balance
<br />Business -Type Activities:
<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 />Business -Type Capital Assets, Net
<br />$ 269,050
<br />92,835
<br />2,247,590
<br />149,448
<br />2,133
<br />$ 2,761,056
<br />Increases
<br />Decreases
<br />Ending
<br />Balance
<br />$ 48,690 $ $ - $ 48,690
<br />292,497 2,735 (30,325) 264,907
<br />33,801,495 1,575,324 - 35,376,819
<br />34,142,682 1,578,059 (30,325) 35,690,416
<br />(48,690) - (48,690)
<br />(205,329) (15,482) 30,325 (190,486)
<br />(5,348,590) (684,152) - (6,032,742)
<br />(5,602,609) (699,634) 30,325 (6,271,918)
<br />$ 28,540,073 $ 878,425 $ - $ 29,418,498
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