|
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, 2016 was as follows:
<br />Less accumulated depreciation for
<br />Buildings and improvements
<br />Beginning
<br />205,530
<br />Ending
<br />Governmental Activities
<br />Balance
<br />Increases
<br />Decreases
<br />Balance
<br />Capital assets, not being depreciated:
<br />8,552,920
<br />648,540
<br />91,631
<br />9,109,829
<br />Land
<br />$ 4,628,249
<br />$ 3,559
<br />$
<br />$ 4,631,808
<br />Total capital assets, not being depreciated
<br />4,628,249
<br />3,559
<br />527,517
<br />4,631,808
<br />Capital assets, being depreciated:
<br />24,573,539
<br />1,262,683
<br />259,727
<br />25,576,495
<br />Buildings and improvements
<br />6,237,678
<br />11,680
<br />$ 259,727
<br />6,249,358
<br />Land Improvements
<br />1,566,117
<br />1,566,117
<br />Infrastructure
<br />26,728,568
<br />1,836,324
<br />241,626
<br />28,323,266
<br />Machinery and equipment
<br />6,403,562
<br />744,233
<br />545,618
<br />6,602,177
<br />Total capital assets, being depreciated
<br />40,935,925
<br />2,592,237
<br />787,244
<br />42,740,918
<br />Less accumulated depreciation for
<br />Buildings and improvements
<br />2,473,776
<br />205,530
<br />2,679,306
<br />Land Improvements
<br />1,108,127
<br />139,344
<br />1,247,471
<br />Infrastructure
<br />8,552,920
<br />648,540
<br />91,631
<br />9,109,829
<br />Machinery and equipment
<br />4,227,563
<br />336,140
<br />435,886
<br />4,127,817
<br />Total accumulated depreciation
<br />16,362,386
<br />1,329,554
<br />527,517
<br />17,164,423
<br />Total capital assets, being depreciated, net
<br />24,573,539
<br />1,262,683
<br />259,727
<br />25,576,495
<br />Governmental activities capital assets, net
<br />$ 29,201,788
<br />$ 1,266,242
<br />$ 259,727
<br />$ 30,208,303
<br />47
<br />
|