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<br />NOTE 3 – CAPITAL ASSETS
<br />
<br />Capital asset activity for the year ended December 31, 2020 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 5,137,764 221,708 – (4,929,644) 429,828
<br />Total capital assets, not being depreciated 7,817,582 221,708 – (4,929,644) 3,109,646
<br />Capital assets, being depreciated
<br />Buildings and structures 6,967,774 – (70,504) 357,058 7,254,328
<br />Infrastructure and improvements 18,337,328 – – 4,572,586 22,909,914
<br />Machinery and equipment 938,089 13,222 – – 951,311
<br />Office furniture and equipment 153,553 – – – 153,553
<br />Vehicles 2,027,761 91,595 – – 2,119,356
<br />Total capital assets, being depreciated 28,424,505 104,817 (70,504) 4,929,644 33,388,462
<br />Less accumulated depreciation for
<br />Buildings and structures 3,441,571 194,847 (70,504) – 3,565,914
<br />Infrastructure and improvements 4,283,119 427,828 – – 4,710,947
<br />Machinery and equipment 593,960 78,347 – – 672,307
<br />Office furniture and equipment 122,137 10,777 – – 132,914
<br />Vehicles 812,388 185,572 – – 997,960
<br />Total accumulated depreciation 9,253,175 897,371 (70,504) – 10,080,042
<br />Total capital assets being depreciated – net 19,171,330 (792,554) – 4,929,644 23,308,420
<br />Governmental activities capital assets – net 26,988,912$ (570,846)$ –$ –$ 26,418,066$
<br /> B. Business-Type Activities
<br />
<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 3,193,168$ 196,064$ –$ (3,007,297)$ 381,935$
<br />Capital assets, being depreciated
<br />Buildings and structures 835,040 – – – 835,040
<br />Distribution and collection systems 25,042,583 – – 2,921,227 27,963,810
<br />Machinery and equipment 555,228 – – 86,070 641,298
<br />Office furniture and equipment 8,415 – – – 8,415
<br />Total capital assets, being depreciated 26,441,266 – – 3,007,297 29,448,563
<br />Less accumulated depreciation for
<br />Buildings and structures 213,350 41,543 – – 254,893
<br />Distribution and collection systems 9,111,386 554,419 – – 9,665,805
<br />Machinery and equipment 292,752 18,833 – – 311,585
<br />Office furniture and equipment 8,415 – – – 8,415
<br />Total accumulated depreciation 9,625,903 614,795 – – 10,240,698
<br />Total capital assets, being depreciated – net 16,815,363 (614,795) – 3,007,297 19,207,865
<br />Business-type activities capital assets – net 20,008,531$ (418,731)$ –$ –$ 19,589,800$
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