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CITY OF HUGO, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS (CONTINUED)
<br />3. Detailed Notes on All Funds (Continued)
<br />C. Caaital Assets (continued)
<br />Depreciation expense was charged to functions/programs as follows:
<br />Governmental Activities:
<br />General government $ 79,351
<br />Public safety 142,064
<br />Highways and streets 885,861
<br />Parks 216,779
<br />Community development 5,499
<br />Total $ 1,329,554
<br />Business -Type Activities:
<br />Sewer and Water $ 606,578
<br />Beginning
<br />Ending
<br />Business -type activities
<br />Balance
<br />Increases Decreases
<br />Balance
<br />Capital assets, not being depreciated:
<br />Land
<br />$ 259,560
<br />$ $
<br />$ 259,560
<br />Construction in progress
<br />48,245
<br />48,245
<br />Total capital assets, not being depreciated
<br />307,805
<br />307,805
<br />Capital assets, being depreciated:
<br />Buildings and improvements
<br />24,154,416
<br />569,628
<br />24,724,044
<br />Machinery and equipment
<br />519,608
<br />92,110
<br />611,718
<br />Total capital assets, being depreciated
<br />24,674,024
<br />661,738
<br />25,335,762
<br />Less accumulated depreciation for:
<br />Buildings and improvements
<br />7,932,810
<br />574,007
<br />8,506,817
<br />Machinery and equipment
<br />369,113
<br />32,571
<br />401,684
<br />Total accumulated depreciation
<br />8,301,923
<br />606,578
<br />8,908,501
<br />Total capital assets, being depreciated, net
<br />16,372,101
<br />55,160
<br />16,427,261
<br />Business -type activities capital assets, net
<br />$ 16,679,906
<br />$ 55,160 $
<br />$ 16,735,066
<br />Depreciation expense was charged to functions/programs as follows:
<br />Governmental Activities:
<br />General government $ 79,351
<br />Public safety 142,064
<br />Highways and streets 885,861
<br />Parks 216,779
<br />Community development 5,499
<br />Total $ 1,329,554
<br />Business -Type Activities:
<br />Sewer and Water $ 606,578
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