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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 /> Capital asset activity for the business -type activities for the year ended December 31, 2012 was as follows:
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Business -type activities
<br /> Capital assets not being depreciated
<br /> Land $ 196,255 $ - $ - $ 196,255
<br /> Capital assets being depreciated
<br /> Buildings 414,000 - - 414,000
<br /> Infrastructure 9,105,729 271,888 - 9,377,617
<br /> Machinery and equipment 340,368 25,740 - 366,108
<br /> Total capital assets
<br /> being depreciated 9,860,097 297,628 - 10,157,725
<br /> Less accumulated depreciation for
<br /> Buildings (32,430) (8,280) - (40,710)
<br /> Infrastructure (2,901,546) (300,152) - (3,201,698)
<br /> Machinery and equipment (208,630) (30,265) - (238,895)
<br /> Total accumulated depreciation (3,142,606) (338,697) - (3,481,303)
<br /> Total capital assets
<br /> being depreciated, net 6,717,491 (41,069) - 6,676,422
<br /> Business -type activities
<br /> capital assets, net $ 6,913,746 $ (41,069) $ - $ 6,872,677
<br /> Depreciation expense was charged to functions /programs of the City as follows:
<br /> Governmental activities
<br /> General government $ 14,601
<br /> Public safety 6,129
<br /> Public works 817,845
<br /> Culture and recreation 62,279
<br /> Total depreciation expense - governmental activities $ 900,854
<br /> Business -type activities
<br /> Water $ 186,637
<br /> Sewer 118,738
<br /> Storm water 33,322
<br /> Total depreciation expense - business -type activities $ 338,697
<br /> -62-
<br /> 82
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