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<br />CITY OF CENTERVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br />DECEMBER 31, 2006
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<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
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<br />C. Capital Assets
<br /> Capital asset activity for the year ended December 31, 2006 was as follows:
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Governmental activities
<br /> Capital assets not being depreciated
<br /> Land $ 1,213,300 $ 1,381,050 $ $ 2,594,350
<br /> Capital assets being depreciated
<br /> Buildings 1,031,981 13,500 (90,900) 954,581
<br /> Infrastructure 7,113,835 1,300,468 8,414,303
<br /> Machinery and equipment 663,312 137,275 800,587
<br /> Total capital assets
<br />being depreciated 8,809,128 1,451,243 (90,900) 10,169,471
<br /> Less accumulated depreciation for
<br /> Buildings (555,662) (17,721) 90,900 (482,483)
<br /> Infrastructure (1,261,375) (287,657) (1,549,032)
<br /> Machinery and equipment (259,048) (58,159) (317,207)
<br /> Total accumulated depreciation (2,076,085) (363,537) 90,900 (2,348,722)
<br /> Total capital assets
<br />being depreciated, net 6,733,043 1,087,706 7,820,749
<br /> Governmental activities
<br />capital assets, net $ 7,946,343 $ 2,468,756 $ $ 10,415,099
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