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<br /> CITY OF CENTERVILLE, MINNESOTA
<br /> NOTES TO FINANCIAL STATEMENTS
<br /> DECEMBER 31, 2004
<br />Note 3: DETAILED NOTES ON ALL FUNDS. CONTINUED
<br />C. Capital Assets
<br /> Capital asset activity for the year ended December 31,2004 was as follows;
<br /> Beginning Ending
<br /> Balance Increases Decreases Balance
<br /> Governmental activities
<br /> Capital assets not being depreciated
<br /> Land $ 1,241,300 $ $ (28,000) $ 1,213,300
<br /> Construction in progress 603,879 2,057,279 2,661,158
<br /> Total capital assets
<br />not being depreciated 1,845,179 2,057,279 (28,000) 3,874,458
<br /> Capital assets being depreciated
<br /> Buildings 1,031,981 1,031,981
<br /> Infrastructure 4,131,565 197,525 4,329,090
<br /> Machinery and equipment 579,885 56,032 (4,900) 631,017
<br /> Total capital assets
<br />being depreciated 5,743,431 253,557 (4,900) 5,992,088
<br /> Less accwnulated depreciation for
<br /> Buildings (520,519) (17,572) (538,091)
<br /> Infrastructure (629,713) (136,483) (766,196)
<br /> Machinery and equipment (I90,178) (49,058) 4,900 (234,336)
<br /> Total accumulated depreciation (1,340,410) (203,113) 4,900 (I,538,623)
<br /> Total capital assets
<br />being depreciated, net 4,403,021 50,444 4,453,465
<br /> Governmental activities
<br />capital assets, net $ 6.248.200 $ 2.107.723 $ (28.000) $ 8.327.923
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<br />.26.
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