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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 /> Capital asset activity for the business-type activities for the year ended December 31,2014 was as follows:
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Business-type activities
<br /> Capital assets not being depreciated
<br /> Land $ 200,655 $ - $ - $ 200,655
<br /> Construction in progress 225,983 479,141 - 705,124
<br /> Total capital assets
<br /> not being depreciated 426,638 479,141 - 905,779
<br /> Capital assets being depreciated
<br /> Buildings 414,000 - - 414,000
<br /> Infrastructure 9,466,395 50,551 - 9,516,946
<br /> Machinery and equipment 366,108 - - 366,108
<br /> Total capital assets
<br /> being depreciated 10,246,503 50,551 - 10,297,054
<br /> Less accumulated depreciation for
<br /> Buildings (48,990) (8,280) - (57,270)
<br /> Infrastructure (3,503,034) (301,051) - (3,804,085)
<br /> Machinery and equipment (268,980) (30,086) - (299,066)
<br /> Total accumulated depreciation (3,821,004) (339,417) - (4,160,421)
<br /> Total capital assets
<br /> being depreciated,net 6,425,499 (288,866) - 6,136,633
<br /> Business-type activities
<br /> capital assets,net $ 6,852,137 $ 190,275 $ - $ 7,042,412
<br /> Depreciation expense was charged to functions/programs of the business-type activities as follows:
<br /> Business-type activities
<br /> Water $ 190,958
<br /> Sewer 115,137
<br /> Storm water 33,322
<br /> Total depreciation expense-business-type activities $ 339,417
<br /> -57-
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