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<br /> I-
<br /> I CITY OF CENTER VILLE, MINNESOTA
<br /> ! NOTES TO THE FINANCIAL STATEMENTS
<br /> DECEMBER 31, 2006
<br /> I Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br /> ! Beginning Ending
<br />I Balance Increases Decreases Balance
<br /> Business-type activities
<br />I Capital assets being depreciated
<br /> Infrastructure $ 7,255,196 $ 1,178,105 $ $ 8,433,301
<br /> Machinery and equipment 269,817 269,817
<br /> Total capital assets
<br /> being depreciated 7,525,013 1,178,105 8,703,118
<br /> Less accumulated depreciation for
<br /> Infrastructure (1,290,709) (192,894) (1,483,603)
<br /> Machinery and equipment (38,545) (63,435) (101,980)
<br /> Total accumulated depreciation (1,329,254) (256,329) (1,585,583)
<br /> Total capital assets
<br /> being depreciated, net 6,195,759 921,776 7,117,535
<br /> Business-type activities
<br /> capital assets, net $ 6,195,759 $ 921,776 $ $ 7,117,535
<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 />$ 32,841
<br />2,339
<br />285,423
<br />42,934
<br />
<br />Total depreciation expense - governmental activities
<br />
<br />$ 363.537
<br />
<br />Business-type activities
<br />Water
<br />Sewer
<br />Storm Water
<br />
<br />$ 151,858
<br />99,521
<br />4,950
<br />
<br />Total depreciation expense - business-type activities
<br />
<br />$ 256.329
<br />
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