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<br />NOTE 3 – CAPITAL ASSETS
<br />
<br />Capital asset activity for the year ended December 31, 2017 was as follows:
<br />
<br />A. Governmental Activities
<br />
<br />Beginning Completed Ending
<br />Balance Increases Decreases Construction Balance
<br />Primary government
<br />Governmental activities
<br />Capital assets, not being depreciated
<br />Land 2,679,818$ –$ –$ –$ 2,679,818$
<br />Construction in progress 7,315,839 272,485 (2,577,050) (4,458,793) 552,481
<br />Total capital assets, not being depreciated 9,995,657 272,485 (2,577,050) (4,458,793) 3,232,299
<br />Capital assets, being depreciated
<br />Buildings and structures 6,447,692 258,270 – – 6,705,962
<br />Infrastructure and improvements 13,461,178 – – 4,217,968 17,679,146
<br />Machinery and equipment 852,295 137,259 (5,685) – 983,869
<br />Office furniture and equipment 153,553 – – – 153,553
<br />Vehicles 1,605,441 419,509 (35,659) – 1,989,291
<br />Total capital assets, being depreciated 22,520,159 815,038 (41,344) 4,217,968 27,511,821
<br />Less accumulated depreciation for
<br />Buildings and structures 2,933,165 177,811 – – 3,110,976
<br />Infrastructure and improvements 3,112,030 324,649 – – 3,436,679
<br />Machinery and equipment 643,608 44,988 (5,685) – 682,911
<br />Office furniture and equipment 82,093 14,224 – – 96,317
<br />Vehicles 566,199 136,320 (35,659) – 666,860
<br />Total accumulated depreciation 7,337,095 697,992 (41,344) – 7,993,743
<br />Total capital assets being depreciated – net 15,183,064 117,046 – 4,217,968 19,518,078
<br />Governmental activities capital assets – net 25,178,721$ 389,531$ (2,577,050)$ (240,825)$ 22,750,377$
<br />
<br />B. Business-Type Activities
<br />Beginning Completed Ending
<br />Balance Increases Decreases Construction Balance
<br />Primary government
<br />Business-type activities
<br />Capital assets, not being depreciated
<br />Construction in progress 2,075,734$ 193,093$ –$ (1,943,882)$ 324,945$
<br />Capital assets, being depreciated
<br />Buildings and structures 835,040 – – – 835,040
<br />Distribution and collection systems 21,044,650 40,581 – 2,184,707 23,269,938
<br />Machinery and equipment 950,701 – – – 950,701
<br />Office furniture and equipment 11,975 – – – 11,975
<br />Vehicles 186,292 – (49,633) – 136,659
<br />Total capital assets, being depreciated 23,028,658 40,581 (49,633) 2,184,707 25,204,313
<br />Less accumulated depreciation for
<br />Buildings and structures 88,720 41,542 – – 130,262
<br />Distribution and collection systems 7,660,536 435,455 – – 8,095,991
<br />Machinery and equipment 850,488 11,883 – – 862,371
<br />Office furniture and equipment 11,975 – – – 11,975
<br />Vehicles 186,292 – (49,633) – 136,659
<br />Total accumulated depreciation 8,798,011 488,880 (49,633) – 9,237,258
<br />Total capital assets, being depreciated – net 14,230,647 (448,299) – 2,184,707 15,967,055
<br />Business-type activities capital assets – net 16,306,381$ (255,206)$ –$ 240,825$ 16,292,000$
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