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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2020
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2020 was as follows:
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<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 740,266 2,476,553 (84,229) 3,132,590
<br /> Total capital assets, not being depreciated 2,477,133 2,476,553 (84,229) 4,869,457
<br />Capital assets, being depreciated:
<br />Buildings and improvements 10,133,864 124,210 - 10,258,074
<br />Land improvements 587,187 - - 587,187
<br />Furniture, fixtures and equipment 4,576,847 361,905 (140,088) 4,798,664
<br />Streets 41,336,141 - - 41,336,141
<br />Storm sewers 428,469 - - 428,469
<br />Intangible assets 23,303 33,520 - 56,823
<br /> Total capital assets, being depreciated 57,085,811 519,635 (140,088) 57,465,358
<br />Less accumulated depreciation for:
<br />Buildings and improvements 5,276,917 316,220 - 5,593,137
<br />Land improvements 426,818 30,930 - 457,748
<br />Furniture, fixtures and equipment 3,133,314 235,144 (127,418) 3,241,040
<br />Streets 17,362,630 1,573,627 - 18,936,257
<br />Storm sewers 190,410 17,139 - 207,549
<br />Intangible assets 10,121 3,296 - 13,417
<br /> Total accumulated depreciation 26,400,210 2,176,356 (127,418) 28,449,148
<br /> Total capital assets being depreciated - net 30,685,601 (1,656,721) (12,670) 29,016,210
<br /> Governmental activities capital assets - net $33,162,734 $819,832 ($96,899) $33,885,667
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