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CITY OF CENTERVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2015
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />A reconciliation of cash and temporary investments as shown on the statement of net position for the City follows:
<br />Carrying amount of deposits
<br />Investments
<br />Petty cash
<br />Total
<br />B. Capital assets
<br />Tmnl
<br />$ 3,192,172
<br />2,239,435
<br />,)nn
<br />$ 5,431,807
<br />Capital asset activity for the governmental activities for the year ended December 31, 2015 was as follows:
<br />-57-
<br />Beginning
<br />Ending
<br />Balance
<br />Increases
<br />Decreases
<br />Balance
<br />Governmental activities
<br />Capital assets not being depreciated
<br />Land
<br />$ 3,179,023
<br />$ 12,800
<br />$ (34,000)
<br />$ 3,157,823
<br />Construction in progress
<br />1,320,356
<br />6,168
<br />(1,326,524)
<br />-
<br />Total capital assets
<br />not being depreciated
<br />4,499,379
<br />18,968
<br />(1,360,524)
<br />3,157,823
<br />Capital assets being depreciated
<br />Buildings
<br />1,627,438
<br />-
<br />-
<br />1,627,438
<br />Infrastructure
<br />15,909,602
<br />1,557,911
<br />-
<br />17,467,513
<br />Machinery and equipment
<br />866,423
<br />-
<br />(115,994)
<br />750,429
<br />Total capital assets
<br />being depreciated
<br />18,403,463
<br />1,557,911
<br />(115,994)
<br />19,845,380
<br />Less accumulated depreciation for
<br />Buildings
<br />(767,036)
<br />(37,290)
<br />-
<br />(804,326)
<br />Infrastructure
<br />(5,957,118)
<br />(874,660)
<br />-
<br />(6,831,778)
<br />Machinery and equipment
<br />(562,351)
<br />(47,887)
<br />88,094
<br />(522,144)
<br />Total accumulated depreciation
<br />(7,286,505)
<br />(959,837)
<br />88,094
<br />(8,158,248)
<br />Total capital assets
<br />being depreciated, net
<br />11,116,958
<br />598,074
<br />(27,900)
<br />11,687,132
<br />Governmental activities
<br />capital assets, net
<br />$ 15,616,337
<br />$ 617,042
<br />$ (1,388,424)
<br />$ 14,844,955
<br />-57-
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