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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 />Depreciation expense was charged to functions/programs of the governmental activities as follows:
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<br />Capital asset activity for the business-type activities for the year ended December 31, 2021 was as follows:
<br />BeginningEnding
<br />BalanceIncreasesDecreasesBalance
<br />Business-type Activities
<br />Capital Assets not Being Depreciated
<br />Land$ 200,655$ -$ -$ 200,655
<br />Construction in progress 975,738 47,647 (1,023,385) -
<br />Total Capital Assets
<br />not Being Depreciated 1,176,393 47,647 (1,023,385) 200,655
<br />Capital Assets Being Depreciated
<br />Buildings 414,000 - - 414,000
<br />Infrastructure 10,233,295 1,023,385 - 11,256,680
<br />Machinery and equipment 366,109 - - 366,109
<br />Total Capital Assets
<br />Being Depreciated 11,013,404 1,023,385 - 12,036,789
<br />Less Accumulated Depreciation for
<br />Buildings ( 106,950) (46,690) - (153,640)
<br />Infrastructure (5,741,162) (326,332) - (6,067,494)
<br />Machinery and equipment (383,815) (7,383) - (391,198)
<br />Total Accumulated Depreciation (6,231,927) (380,405) - (6,612,332)
<br />Total Capital Assets
<br />Being Depreciated, Net 4,781,477 642,980 - 5,424,457
<br />Business-type Activities
<br />Capital Assets, Net$ 5,957,870$ 690,627$ (1,023,385)$ 5,625,112
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<br />Depreciation expense was charged to functions/programs of the business-type activities as follows:
<br />Business-type Activities
<br />Water$ 239,351
<br />Sewer 104,443
<br />Storm water 36,611
<br />Total Depreciation Expense - Business-type Activities$ 380,405
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