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CITY OF ST. ANTHONY, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2023
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<br />Note 5 CAPITAL ASSETS
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<br />Capital asset activity for the year ended December 31, 2023 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 $1,062,883 $ - $ - $1,062,883
<br />Permanent easements 73,984 - - 73,984
<br />Construction in progress 4,732,425 284,296 4,820,778 195,943
<br /> Total capital assets, not being depreciated 5,869,292 284,296 4,820,778 1,332,810
<br />Capital assets, being depreciated:
<br />Buildings and improvements 10,571,734 165,203 - 10,736,937
<br />Land improvements 584,800 53,231 - 638,031
<br />Furniture, fixtures and equipment 4,928,320 1,598,241 403,552 6,123,009
<br />Streets 43,420,367 3,143,664 - 46,564,031
<br />Storm sewers 428,469 - - 428,469
<br />Intangible assets 56,823 15,294 - 72,117
<br /> Total capital assets, being depreciated 59,990,513 4,975,633 403,552 64,562,594
<br />Less accumulated depreciation for:
<br />Buildings and improvements 6,242,721 335,339 - 6,578,060
<br />Land improvements 464,526 9,270 - 473,796
<br />Furniture, fixtures and equipment 3,344,160 246,828 403,552 3,187,436
<br />Streets 22,112,865 1,615,534 - 23,728,399
<br />Storm sewers 241,827 - - 241,827
<br />Intangible assets 29,587 8,084 - 37,671
<br /> Total accumulated depreciation 32,435,686 2,215,055 403,552 34,247,189
<br /> Total capital assets being depreciated - net 27,554,827 2,760,578 - 30,315,405
<br /> Governmental activities capital assets - net $33,424,119 $3,044,874 $4,820,778 $31,648,215
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