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CITY OF HUGO, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS (CONTINUED)
<br />3. Detailed Notes on All Funds (Continued)
<br />C. Capital Assets
<br />Capital asset activity for the year ended December 31, 2015 was as follows:
<br />Governmental Activities
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Capital assets, not being depreciated:
<br />Land $ 4,578,710 $ 49,539 $ $ 4,628,249
<br />Total capital assets, not being depreciated 4,578,710 49,539 4,628,249
<br />Capital assets, being depreciated
<br />Buildings and improvements
<br />6,163,398
<br />74,280
<br />6,237,678
<br />Land Improvements
<br />1,566,117
<br />1,566,117
<br />Infrastructure
<br />25,071,401
<br />2,196,655
<br />539,488
<br />26,728,568
<br />Machinery and equipment
<br />6,231,016
<br />425,692
<br />253,146
<br />6,403,562
<br />Total capital assets, being depreciated
<br />39,031,932
<br />2,696,627
<br />792,634
<br />40,935,925
<br />Less accumulated depreciation for:
<br />Buildings and improvements
<br />2,271,111
<br />202,665
<br />2,473,776
<br />Land Improvements
<br />968,783
<br />139,344
<br />1,108,127
<br />Infrastructure
<br />8,204,936
<br />586,853
<br />238,869
<br />8,552,920
<br />Machinery and equipment
<br />4,055,305
<br />372,245
<br />199,987
<br />4,227,563
<br />Total accumulated depreciation
<br />15,500,135
<br />1,301,107
<br />438,856
<br />16,362,386
<br />Total capital assets, being depreciated, net
<br />23,531,797
<br />1,395,520
<br />353,778
<br />24,573,539
<br />Governmental activities capital assets, net
<br />$ 28,110,507
<br />$ 1,445,059
<br />$ 353,778 $
<br />29,201,788
<br />W.
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