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CITY OF CENTERVILLE,MINNESOTA
<br /> NOTES TO THE FINANCIAL STATEMENTS
<br /> DECEMBER 31,2014
<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 31,2014 was as follows:
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Governmental activities
<br /> Capital assets not being depreciated
<br /> Land $ 3,337,023 $ - $ (158,000) $ 3,179,023
<br /> Construction in progress 1,229,234 91,122 - 1,320,356
<br /> Total capital assets
<br /> not being depreciated 4,566,257 91,122 (158,000) 4,499,379
<br /> Capital assets being depreciated
<br /> Buildings 1,627,438 - 1,627,438
<br /> Infrastructure 15,582,869 326,733 - 15,909,602
<br /> Machinery and equipment 832,724 80,228 (46,529) 866,423
<br /> Total capital assets
<br /> being depreciated 18,043,031 406,961 (46,529) 18,403,463
<br /> Less accumulated depreciation for
<br /> Buildings (729,746) (37,290) - (767,036)
<br /> Infrastructure (5,095,528) (861,590) (5,957,118)
<br /> Machinery and equipment (563,800) (45,080) 46,529 (562,351)
<br /> Total accumulated depreciation (6,389,074) (943,960) 46,529 (7,286,505)
<br /> Total capital assets
<br /> being depreciated,net 11,653,957 (536,999) - 11,116,958
<br /> Governmental activities
<br /> capital assets,net $ 16,220,214 $ (445,877) $ (158,000) $ 15,616,337
<br /> Depreciation expense was charged to functions/programs of the governmental activities as follows:
<br /> Governmental activities
<br /> General government $ 14,245
<br /> Public safety 2,339
<br /> Public works 818,252
<br /> Culture and recreation 109,124
<br /> Total depreciation expense-governmental activities $ 943,960
<br /> -56-
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