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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 />Capital asset activity for the business-type activities for the year ended December 31, 2014 was as follows:
<br />
<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<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 />
<br />Depreciation expense was charged to functions/programs of the business-type activities as follows:
<br />
<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
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