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CITY OF CENTERVILLE, MINNESOTA
<br /> NOTES TO THE FINANCIAL STATEMENTS
<br /> DECEMBER 31, 2012
<br /> Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br /> B. Capital assets
<br /> Capital asset activity for the governmental activities for the year ended December 31, 2012 was as follows:
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Governmental activities
<br /> Capital assets not being depreciated
<br /> Land $ 3,308,023 $ 29,000 $ - $ 3,337,023
<br /> Construction in progress 1,391,196 - (1,391,196) -
<br /> Total capital assets
<br /> not being depreciated 4,699,219 29,000 (1,391,196) 3,337,023
<br /> Capital assets being depreciated
<br /> Buildings 1,627,438 - - 1,627,438
<br /> Infrastructure 14,434,520 1,130,204 - 15,564,724
<br /> Machinery and equipment 797,104 26,298 - 823,402
<br /> Total capital assets
<br /> being depreciated 16,859,062 1,156,502 - 18,015,564
<br /> Less accumulated depreciation for
<br /> Buildings (655,166) (37,290) - (692,456)
<br /> Infrastructure (3,423,620) (811,527) - (4,235,147)
<br /> Machinery and equipment (466,950) (52,037) - (518,987)
<br /> Total accumulated depreciation (4,545,736) (900,854) - (5,446,590)
<br /> Total capital assets
<br /> being depreciated, net 12,313,326 255,648 - 12,568,974
<br /> Governmental activities
<br /> capital assets, net $ 17,012,545 $ 284,648 $ (1,391,196) $ 15,905,997
<br /> -61-
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