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CITY OF CENTERVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />FOR THE YEAR ENDEDDECEMBER 31, 2010
<br />
<br />Note 3:DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />
<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<br />Business-type activities
<br />Capital assets not being depreciated
<br />Land$ 186,000$ 10,255$ -$ 196,255
<br />Capital assets being depreciated
<br />Buildings 414,000 - - 414,000
<br />Infrastructure 9,105,729 - - 9,105,729
<br />Machinery and equipment 289,217 - (5,275) 283,942
<br />Total capital assets
<br />being depreciated 9,808,946 - (5,275) 9,803,671
<br />Less accumulated depreciation for
<br />Buildings (15,870) (8,280) - (24,150)
<br />Infrastructure (2,312,118) (294,714) - (2,606,832)
<br />Machinery and equipment (164,069) (24,141) 5,275 (182,935)
<br />Total accumulated depreciation (2,492,057) (327,135) 5,275 (2,813,917)
<br />Total capital assets
<br />being depreciated, net 7,316,889 (327,135) - 6,989,754
<br />Business-type activities
<br />capital assets, net$ 7,502,889$ (316,880)$ -$ 7,186,009
<br />
<br /> Depreciation expense was charged to functions/programs of the City as follows:
<br />
<br />Governmental activities
<br />General government$ 16,445
<br />Public safety 6,887
<br />Public works 417,129
<br />Culture and recreation 64,999
<br />Total depreciation expense - governmental activities$ 505,460
<br />Business-type activities
<br />Water$ 180,325
<br />Sewer 118,926
<br />Storm water 27,884
<br />Total depreciation expense - business-type activities$ 327,135
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<br />-60-
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