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