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City of Centerville, Minnesota
<br />Notes to the Financial Statements
<br />December 31, 2021
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<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:
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<br />B.Capital Assets
<br />Capital asset activity for the governmental activities for the year ended December 31, 2021 was as follows:
<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<br />Governmental Activities
<br />Capital Assets not Being Depreciated
<br />Land$ 2,301,990$ -$ -$ 2,301,990
<br />Construction in progress 1,569,050 462,376 (1,981,998) 49,428
<br />Total Capital Assets
<br />not Being Depreciated 3,871,040 462,376 (1,981,998) 2,351,418
<br />Capital Assets Being Depreciated
<br />Buildings 1,627,438 705,327 - 2,332,765
<br />Infrastructure 17,879,978 1,276,671 - 19,156,649
<br />Machinery and equipment 791,298 96,991 (80,227) 808,062
<br />Total Capital Assets
<br />Being Depreciated 20,298,714 2,078,989 (80,227) 22,297,476
<br />Less Accumulated Depreciation for
<br />Buildings (944,910) (29,896) - (974,806)
<br />Infrastructure (11,610,753) (953,475) - (12,564,228)
<br />Machinery and equipment (651,097) (15,971) 28,665 (638,403)
<br />Total Accumulated Depreciation (13,206,760) (999,342) 28,665 (14,177,437)
<br />Total Capital Assets
<br />Being Depreciated, Net 7,091,954 1,079,647 (51,562) 8,120,039
<br />Governmental Activities
<br />Capital Assets, Net$ 10,962,994$ 1,542,023$ (2,033,560) $ 10,471,457
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