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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2022
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2022 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 $ - ($600,000) $1,062,883
<br />Permanent easements 73,984 - - 73,984
<br />Construction in progress 3,125,075 2,390,017 (782,667) 4,732,425
<br /> Total capital assets, not being depreciated 4,861,942 2,390,017 (1,382,667) 5,869,292
<br />Capital assets, being depreciated:
<br />Buildings and improvements 10,321,564 250,170 - 10,571,734
<br />Land improvements 587,187 7,812 (10,199) 584,800
<br />Furniture, fixtures and equipment 4,731,993 343,755 (147,428) 4,928,320
<br />Streets 43,240,017 180,350 - 43,420,367
<br />Storm sewers 428,469 - - 428,469
<br />Intangible assets 56,823 - - 56,823
<br /> Total capital assets, being depreciated 59,366,053 782,087 (157,627) 59,990,513
<br />Less accumulated depreciation for:
<br />Buildings and improvements 5,919,891 322,830 - 6,242,721
<br />Land improvements 466,236 8,489 (10,199) 464,526
<br />Furniture, fixtures and equipment 3,247,680 216,812 (120,332) 3,344,160
<br />Streets 20,493,383 1,619,482 - 22,112,865
<br />Storm sewers 224,688 17,139 - 241,827
<br />Intangible assets 21,502 8,085 - 29,587
<br /> Total accumulated depreciation 30,373,380 2,192,837 (130,531) 32,435,686
<br /> Total capital assets being depreciated - net 28,992,673 (1,410,750) (27,096) 27,554,827
<br /> Governmental activities capital assets - net $33,854,615 $979,267 ($1,409,763) $33,424,119
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