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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2021
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2021 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 3,132,590 2,916,164 (2,923,679) 3,125,075
<br /> Total capital assets, not being depreciated 4,869,457 2,916,164 (2,923,679) 4,861,942
<br />Capital assets, being depreciated:
<br />Buildings and improvements 10,258,074 63,490 - 10,321,564
<br />Land improvements 587,187 - - 587,187
<br />Furniture, fixtures and equipment 4,798,664 161,524 (228,195) 4,731,993
<br />Streets 41,336,141 1,903,876 - 43,240,017
<br />Storm sewers 428,469 - - 428,469
<br />Intangible assets 56,823 - - 56,823
<br /> Total capital assets, being depreciated 57,465,358 2,128,890 (228,195) 59,366,053
<br />Less accumulated depreciation for:
<br />Buildings and improvements 5,593,137 326,754 - 5,919,891
<br />Land improvements 457,748 8,488 - 466,236
<br />Furniture, fixtures and equipment 3,241,040 211,593 (204,953) 3,247,680
<br />Streets 18,936,257 1,557,126 - 20,493,383
<br />Storm sewers 207,549 17,139 - 224,688
<br />Intangible assets 13,417 8,085 - 21,502
<br /> Total accumulated depreciation 28,449,148 2,129,185 (204,953) 30,373,380
<br /> Total capital assets being depreciated - net 29,016,210 (295) (23,242) 28,992,673
<br /> Governmental activities capital assets - net $33,885,667 $2,915,869 ($2,946,921) $33,854,615
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