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CITY OF CENTERV I L L E, MINNESOTA
<br />NOTESTOTHE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2011
<br />Note 3: DETAILED NOTES ON ALL FUNDS- CONTINUED
<br />Capital asset activity for the business -type activities for the year ended December 31, 2011 was as follows:
<br />Begi nni ng Endi ng
<br />Balance Increases Decreases Balance
<br />Business -type activities
<br />Capital assets not being depreciated
<br />Land
<br />Capital assets bei ng depreciated
<br />Buildings
<br />I nfrastructure
<br />M achi nery and equi pment
<br />Total capital assets
<br />bei ng depreci ated
<br />Less accumulated depreci ati on for
<br />Buildings
<br />I nfrastructure
<br />M achi nery and equi pment
<br />Total accumulated depreciation
<br />$ 196,255
<br />$ - $
<br />- $ 196,255
<br />414,000
<br />-
<br />- 414,000
<br />9,105,729
<br />-
<br />- 9,105,729
<br />283,942
<br />56,426
<br />- 340,368
<br />9,803,671
<br />56,426
<br />- 9,860,097
<br />(24,150)
<br />(8,280)
<br />- (32,430)
<br />(2,606,832)
<br />(294,714)
<br />- (2,901,546)
<br />(182,935)
<br />(25,695)
<br />- (208,630)
<br />(2,813,917)
<br />(328,689)
<br />- (3,142,606)
<br />Total capital assets
<br />bei ng depreci ated, net 6,989,754 (272,263) - 6,717,491
<br />Busi ness -type activities
<br />capital assets, net $ 7,186,009 $ (272,263) $ - $ 6,913,746
<br />Depreciation expense was charged to functions/programsof the City as follows:
<br />Governmental activities
<br />General government $ 14,754
<br />Publ i c safety 6,887
<br />Public works 459,696
<br />Culture and recreation 62,279
<br />Total depreciation expense- governmental activities $ 543,616
<br />Business -type activities
<br />Water $ 181,878
<br />Sewer 118,927
<br />Storm water 27,884
<br />Totaldepreciationexpense - business -type activities $ 328,689
<br />-61-
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