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<br /> CITY OF CENTERVILLE, MINNESOTA
<br /> NOTES TO THE FINANCIAL STATEMENTS
<br /> DECEMBER 31, 2007
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Business-type activities
<br /> Capital assets being depreciated
<br /> Infrastructure $ 8,433,301 $ $ $ 8,433,301
<br /> Machinery and equipment 269,817 11,370 (24,464) 256,723
<br /> Total capital assets
<br /> being depreciated 8,703,118 11,370 (24,464) 8,690,024
<br /> Less accumulated depreciation for
<br /> Infrastructure (1,483,603) (267,808) (1,751,411)
<br /> Machinery and equipment (101,980) (24,685) 8,444 (118,221)
<br /> Total accumulated depreciation (1,585,583) (292,493) 8,444 (1,869,632)
<br /> Total capital assets
<br /> being depreciated, net 7,117,535 (281,123) (16,020) 6,820,392
<br /> Business-type activities
<br /> capital assets, net $ 7,117,535 $ (281,123) $ (16,020) $ 6,820,392
<br />
<br />Depreciation expense was charged to functions/programs of the City as follows:
<br />
<br />Governmental activities
<br />General government
<br />Public safety
<br />Public works
<br />Culture and recreation
<br />
<br />$ 27,681
<br />3,097
<br />343,277
<br />47,083
<br />
<br />Total depreciation expense - governmental activities
<br />
<br />$ 421,138
<br />
<br />Business-type activities
<br />Water
<br />Sewer
<br />Storm water
<br />
<br />$ 167,805
<br />108,438
<br />16,250
<br />
<br />Total depreciation expense - business-type activities
<br />
<br />$ 292,493
<br />
<br />-32-
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