|
CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2017
<br />
<br />
<br />
<br />
<br />Note 5 CAPITAL ASSETS
<br />
<br />Capital asset activity for the year ended December 31, 2017 was as follows:
<br />
<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 4,274,263 9,477,274 (8,900,905) 4,850,632
<br /> Total capital assets, not being depreciated 5,937,146 9,477,274 (8,900,905) 6,513,515
<br />Capital assets, being depreciated:
<br />Buildings and improvements 10,002,287 102,760 - 10,105,047
<br />Land improvement 555,181 - - 555,181
<br />Furniture, fixtures and equipment (including
<br />software)4,156,947 260,694 (161,863) 4,255,778
<br />Streets 35,167,341 873,766 - 36,041,107
<br />Storm sewers 428,469 - - 428,469
<br />Intangible assets 6,823 - - 6,823
<br /> Total capital assets, being depreciated 50,317,048 1,237,220 (161,863) 51,392,405
<br />Less accumulated depreciation/amortization for:
<br />Buildings and improvements 4,344,163 306,078 - 4,650,241
<br />Land improvement 287,312 46,059 - 333,371
<br />Furniture, fixtures and equipment 2,980,955 246,504 (96,384) 3,131,075
<br />Streets 13,043,966 1,383,175 - 14,427,141
<br />Storm sewers 138,993 17,139 - 156,132
<br />Intangible assets 2,730 1,365 - 4,095
<br /> Total accumulated depreciation/amortization 20,798,119 2,000,320 (96,384) 22,702,055
<br /> Total capital assets being depreciated - net 29,518,929 (763,100) (65,479) 28,690,350
<br /> Governmental activities capital assets - net $35,456,075 $8,714,174 ($8,966,384) $35,203,865
<br />
<br />56
|