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<br />NOTE 3 – CAPITAL ASSETS
<br />
<br />Capital asset activity for the year ended December 31, 2021 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 429,828 1,939,564 – – 2,369,392
<br />Total capital assets, not being depreciated 3,109,646 1,939,564 – – 5,049,210
<br />Capital assets, being depreciated
<br />Buildings and structures 7,254,328 6,949 – – 7,261,277
<br />Infrastructure and improvements 22,909,914 – – – 22,909,914
<br />Machinery and equipment 951,311 49,345 – – 1,000,656
<br />Office furniture and equipment 153,553 – – – 153,553
<br />Vehicles 2,119,356 249,067 (136,607) – 2,231,816
<br />Total capital assets, being depreciated 33,388,462 305,361 (136,607) – 33,557,216
<br />Less accumulated depreciation for
<br />Buildings and structures 3,565,914 228,116 – – 3,794,030
<br />Infrastructure and improvements 4,710,947 542,143 – – 5,253,090
<br />Machinery and equipment 672,307 42,295 – – 714,602
<br />Office furniture and equipment 132,914 6,834 – – 139,748
<br />Vehicles 997,960 174,745 (81,964) – 1,090,741
<br />Total accumulated depreciation 10,080,042 994,133 (81,964) – 10,992,211
<br />Total capital assets being depreciated – net 23,308,420 (688,772) (54,643) – 22,565,005
<br />Governmental activities capital assets – net 26,418,066$ 1,250,792$ (54,643)$ –$ 27,614,215$
<br />
<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 381,935$ 1,588,040$ –$ (384,253)$ 1,585,722$
<br />Capital assets, being depreciated
<br />Buildings and structures 835,040 – – – 835,040
<br />Distribution and collection systems 27,963,810 19,171 – 384,253 28,367,234
<br />Machinery and equipment 641,298 – – – 641,298
<br />Office furniture and equipment 8,415 – – – 8,415
<br />Total capital assets, being depreciated 29,448,563 19,171 – 384,253 29,851,987
<br />Less accumulated depreciation for
<br />Buildings and structures 254,893 41,543 – – 296,436
<br />Distribution and collection systems 9,665,805 635,905 – – 10,301,710
<br />Machinery and equipment 311,585 27,441 – – 339,026
<br />Office furniture and equipment 8,415 – – – 8,415
<br />Total accumulated depreciation 10,240,698 704,889 – – 10,945,587
<br />Total capital assets, being depreciated – net 19,207,865 (685,718) – 384,253 18,906,400
<br />Business-type activities capital assets – net 19,589,800$ 902,322$ –$ –$ 20,492,122$
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