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CITY OF CENTERVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2014
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<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
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<br />B.Capital assets
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<br />Capital asset activity for the governmental activities for the year ended December 31, 2014 was as follows:
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<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<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
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<br />Depreciation expense was charged to functions/programs of the governmental activities as follows:
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<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
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