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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2013
<br />Note 3 CAPITAL ASSETS (CONTINUED)
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Business -Type Activities:
<br />Capital Assets, Being Depreciated:
<br />Buildings $ 48,690 $ - $ - $ 48,690
<br />Machinery and Shop Equipment 503,871 54,354 (12,714) 545,511
<br />Water and Sewer Lines 41,070,336 425,028 - 41,495,364
<br />Total Capital Assets, Being Depreciated 41,622,897 479,382 (12,714) 42,089,565
<br />Accumulated Depreciation for:
<br />Buildings (48,690) - - (48,690)
<br />Machinery and Shop Equipment (307,968) (17,330) 12,714 (312,584)
<br />Water and Sewer Lines (12,468,144) (836,863) - (13,305,007)
<br />Total Accumulated Depreciation (12,824,802) (854,193) 12,714 (13,666,281)
<br />Total Capital Assets, Being Depreciated, Net 28,798,095 (374,811) - 28,423,284
<br />Business -Type Capital Assets, Net $ 28,798,095 $ (374,811) $ - $ 28,423,284
<br />Depreciation expense charged to functions/programs of the primary government as follows:
<br />Governmental Activities:
<br />General Government $ 238,194
<br />Public Safety 114,976
<br />Public Services 2,413,609
<br />Parks, Recreation and Forestry 142,268
<br />Community Development 500
<br />Total Depreciation Expense, Governmental Activities $ 2,909,547
<br />Business -type Activities:
<br />Water $ 416,468
<br />Sewer 437,725
<br />Total Depreciation Expense, Governmental Activities $ 854,193
<br />The City contributed $425,028 of capital assets from the governmental activities to the business -type activities.
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