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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2019
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2019 was as follows:
<br />
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Governmental activities:
<br />Capital assets, not being depreciated:
<br />Land $1,662,883 $ - $ - $1,662,883
<br />Permanent easements 73,984 - - 73,984
<br />Construction in progress 2,766,747 1,993,410 (4,019,891) 740,266
<br /> Total capital assets, not being depreciated 4,503,614 1,993,410 (4,019,891) 2,477,133
<br />Capital assets, being depreciated:
<br />Buildings and improvements 10,105,047 28,817 - 10,133 ,864
<br />Land improvements 587,187 - - 587,187
<br />Furniture, fixtures and equipment 4,761,555 145,964 (330,672) 4,576,847
<br />Streets 39,489,582 1,846,559 - 41,336,141
<br />Storm sewers 428,469 - - 428,469
<br />Intangible assets 23,303 - - 23,303
<br /> Total capital assets, being depreciated 55,395,143 2,021,340 (330,672) 57,085,811
<br />Le Buildings and improvements 4,963,579 313,338 - 5,276,917
<br />Land improvements 379,431 47,387 - 426,818
<br />Furniture, fixtures and equipment 3,169,152 239,540 (275,378) 3,133,314
<br />Streets 15,835,866 1,526,764 - 17,362,630
<br />Storm sewers 173,271 17,139 - 190,410
<br />Intangible assets 5,460 4,661 - 10,121
<br /> Total accumulated depreciation 24,526,759 2,148,829 (275,378) 26,400,210
<br /> Total capital assets being depreciated - net 30,868,384 (127,489) (55,294) 30,685,601
<br /> Governmental activities capital assets - net $35,371,998 $1,865,921 ($4,075,185) $33,162,734
<br />As shown above, construction in progress decreased by $4,019,891 during 2019. Of this amount, $2,159,178
<br />was transferred to business-type activities.
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