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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2016
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2016 was as follows:
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<br />Beginning Ending
<br />Primary Government Balance Increases Decreases Balance
<br />Governmental activities:
<br />Capital assets, not being depreciated:
<br />Land $1,662,883 $ - $ - $1,662,883
<br />Construction in progress 3,166,374 4,867,583 (3,759,694) 4,274,263
<br /> Total capital assets, not being depreciated 4,829,257 4,867,583 (3,759,694) 5,937,146
<br />Capital assets, being depreciated:
<br />Buildings and improvements 9,966,796 35,491 - 10,002,287
<br />Land improvement 555,181 - - 555,181
<br />Furniture, fixtures and equipment (including
<br />software)3,994,838 266,617 (104,508) 4,156,947
<br />Streets 33,806,042 1,361,299 - 35,167,341
<br />Storm sewers 428,469 - - 428,469
<br />Intangible assets 6,823 - - 6,823
<br /> Total capital assets, being depreciated 48,758,149 1,663,407 (104,508) 50,317,048
<br />Less accumulated depreciation/amortization for:
<br />Buildings and improvements 4,043,911 300,252 - 4,344,163
<br />Land improvement 241,252 46,060 - 287,312
<br />Furniture, fixtures and equipment 2,800,930 264,935 (84,910) 2,980,955
<br />Streets 11,715,246 1,328,720 - 13,043,966
<br />Storm sewers 121,854 17,139 - 138,993
<br />Intangible assets 1,365 1,365 - 2,730
<br /> Total accumulated depreciation/amortization 18,924,558 1,958,471 (84,910) 20,798,119
<br /> Total capital assets being depreciated - net 29,833,591 (295,064) (19,598) 29,518,929
<br /> Governmental activities capital assets - net $34,662,848 $4,572,519 ($3,779,292) $35,456,075
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