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CITY OF CENTERVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />FOR THE YEAR ENDED DECEMBER 31, 2010
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<br />Note 3:DETAILED NOTES ON ALL FUNDS - CONTINUED
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<br />D.Capital assets
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<br />Capital asset activity for the year ended December 31, 2010 was as follows:
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<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<br />Governmental activities
<br />Capital assets not being depreciated
<br />Land$ 3,253,120$ 54,903$ -$ 3,308,023
<br />Construction in progress 4,469,754 713,609 (1,145,194) 4,038,169
<br />Total capital assets
<br />not being depreciated 7,722,874 768,512 (1,145,194) 7,346,192
<br />Capital assets being depreciated
<br />Buildings 1,627,438 - - 1,627,438
<br />Infrastructure 9,204,462 1,145,194 - 10,349,656
<br />Machinery and equipment 786,741 27,463 (17,100) 797,104
<br />Total capital assets
<br />being depreciated 11,618,641 1,172,657 (17,100) 12,774,198
<br />Less accumulated depreciation for
<br />Buildings (580,586) (37,290) - (617,876)
<br />Infrastructure (2,568,954) (406,262) - (2,975,216)
<br />Machinery and equipment (362,860) (61,908) 15,740 (409,028)
<br />Total accumulated depreciation (3,512,400) (505,460) 15,740 (4,002,120)
<br />Total capital assets
<br />being depreciated, net 8,106,241 667,197 (1,360) 8,772,078
<br />Governmental activities
<br />capital assets, net$ 15,829,115$ 1,435,709$ (1,146,554)$ 16,118,270
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