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<br />CITY OF CENTERVILLE, MINNESOTA
<br />NOTES TO THE FINANCIAL STATEMENTS
<br /> DECEMBER 31,2005
<br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED
<br />C. Capital Assets
<br /> Capital asset activity for the year ended December 31, 2005 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 $ $ $ 1,213,300
<br /> Construction in progress 2,661,158 (2,661,158)
<br /> Total capital assets
<br />not being depreciated 3,874,458 (2,661,158) 1,213,300
<br /> Capital assets being depreciated
<br /> Buildings 1,031,981 1,031,981
<br /> Infrastructure 4,329,090 2,784,745 7,113,835
<br /> Machinery and equipment 631,017 113,757 (81,462) 663,312
<br /> Total capital assets
<br />being depreciated 5,992,088 2,898,502 (81,462) 8,809,128
<br /> Less accumulated depreciation for
<br /> Buildings (538,091) (17,571) (555,662)
<br /> Infrastructure (766,196) (495,179) (1,261,375)
<br /> Machinery and equipment (234,336) (52,129) 27,417 (259,048)
<br /> Total accumulated depreciation (1,538,623) (564,879) 27,417 (2,076,085)
<br /> Total capital assets
<br />being depreciated, net 4,453,465 2,333,623 (54,045) 6,733,043
<br /> Governmental activities
<br />capital assets, net $ 8.327,923 $ 2.333,623 $ (2,715,203) $ 7 ,946,343
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