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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
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<br />B.Capital assets
<br />
<br />Capital asset activity for the governmental activities for the year ended December 31, 2012 was as follows:
<br />
<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<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
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