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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2009
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<br />Note 3 CAPITAL ASSETS
<br />Capital asset activity for the year ended December 31, 2009 was as follows:
<br />Beginning
<br />Balance
<br />Increases
<br />Ending
<br />Decreases Transfers Balance
<br />Governmental Activities:
<br />Capital Assets, Not Bcing Depreciated:
<br />Land $ 2,809,059 $ - $ $ $ 2,809,059
<br />Construction in Progress 2,762,525 66,980 (2,829,505) -
<br />Total Capital Assets, Not Being Depreciated 5,571,584 66,980 (2,829,505) 2,809,059
<br />Capital Assets, Being Depreciated:
<br />Buildings 6,499,752 - 6,499,752
<br />Office Equipment and Furniture 1,074,267 62,231 (2,781) 1,133,717
<br />Vehicles 2,264,657 327,864 (243,558) 2,348,963
<br />Machinery and Shop Equipment 659,702 - (20,000) - 639,702
<br />Other Equipment 980,308 - 980,308
<br />".. Infrastructure 72,643,792 3,011,695 (182,190) 75,473,297
<br />Total Capital Assets, Being Depreciated 84,122,478 3,401,790 (266,339) (182,190) 87,075,739
<br />Accumulated Depreciation for:
<br />....,,. Buildings (2,336,995) (217,033) (2,554,028)
<br />Office Equipment and Furn iture (631,058) (96,926) 2,781 (725,203)
<br />Vehicles (953,054) (251,812) 220,502 - (984,364)
<br />Machinery and Shop Equipment (444,652) (30,616) 20,000 - (455,268)
<br />..„ Other Equipment (629,122) (40,105) - (669,227)
<br />Infrastructure (37,812,453) (2,243,191) (40,055,644)
<br />Total Accumulated Depreciation (42,807,334) (2,879,683) 243,283 (45,443,734)
<br />Total Capital Assets, Being Depreciated, Net 41,315,144 522,107 (23,056) (182,190) 41,632,005
<br />Governmental Activities Capital Assets, Net $ 46,886,728 $ 589,087 $ (2,852,561) $ (182,190) $ 44,441,064
<br />Depreciation expense was charged to governmental functions as follows:
<br />Governmental Activities:
<br />w
<br />General Government $ 273,283
<br />Public Safety 131,609
<br />Public Services 2,297,605
<br />Parks, Recreation and Forestry 176,336
<br />Vmwm
<br />Conservation of Natural Resources 350
<br />Community Development 500
<br />Total Depreciation Expense, Governmental Activities $ 2,879,683
<br />Beginning
<br />Balance
<br />Increases
<br />Ending
<br />Decreases Transfers Balance
<br />Business -Type Activities:
<br />Capital Assets, Not Being Depreciated:
<br />Construction in Progress $ 13,054 $ - $ - $ - $ 13,054
<br />Total capital assets, not being depreciated 13,054 - - - 13,054
<br />Capital Assets, Being Depreciated:
<br />Buildings 48,690 - 48,690
<br />,+ Machinery and Shop Equipment 436,455 27,748 - 464,203
<br />Water and Sewer Lines 40,771,912 - - 182,190 40,954,102
<br />Total Capital Assets, Being Depreciated 41,257,057 27,748 - 182,190 41,466,995
<br />Accumulated Depreciation for:
<br />Buildings (48,690) - - - (48,690)
<br />Machinery and Shop Equipment (217,932) (32,377) - (250,309)
<br />Water and Sewer Lines (9,103,169) (837,629) - (9,940,798)
<br />Total Accumulated Depreciation (9,369,791) (870,006) - (10,239,797)
<br />'� Total Capital Assets, Being Depreciated, Net 31,887,266 (842,258) 182,190 31,227,198
<br />Business -Type Capital Assets, Net $ 31,900,320 $ (842,258) $ - $ 182,190 $ 31,240,252
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