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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 />
<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<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 />
<br />Governmental activities
<br />General government$ 14,601
<br />Public safety6,129
<br />Public works817,845
<br />Culture and recreation62,279
<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
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