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CITY OF GEM LAKE, MINNESOTA NOTES TO BASIC FINANCIAL'STATEMENTS DECEMBER31,2016 NOTE 2 DEPOSITS AND INVESTMENTS (CONTINUED.) B. Investments (Continued) Fair Value Measurements (Continued) The levels of investments at December 3f, 2016 areas follows: lnvestment.Type Level Levell 2 Level 3 Total Negotiable Certificates of Deposit with Maturities at Purchase of Greater Than 1 Year $ - $ 354,000 $ S 354,000 $ - $ 354,000 $ - 354.000 lnvestments:Measured at.Amortized Cost 3,087 $ 357,087 NOTE 3 CAPITAL ASSETS Capital asset activity for the year ended December 31, 2016 was as1billlows:. Governmental Activities Capital Assets Not Being Depreciated: Construction in Progress Capital Assets Being` Depreciated: Buildings Office Equipment Infrastructure Total Capital Assets Being Depre.caled Accumulated Depreciation: Buildings Office Equipment Infrastructure Total Accumulated.Depredatlon. Net Capital Assets - Capital Actlyities Beginning Ending Balance Increases Decreases Oalance $ 94,367 $ .323',9$8 � (410455) 1 - '902,232' - - 902,232 12;895 - - 12,895 712,786 418,356 - 1.,131,144 1,627,915 418,356 - 2..,046;2.71 (177,530) .(22,047) - (199,577) (9,.986) (1;243) - (11,229) (429,006) (4209) - (471,675) (616;522) (65.959) - (682,481) '1*J6.5,760 $$�:. $ .418;35 . $ 1,3* 3,7.90 Depreciation expense was charged to the goverrin1ental*fun6tlons asJolCows; General Government $ 23,290 Public Works 42,669 Total Depreciation - Governmental Activities $ :65,959 Beginrling- Ending Balance Increases Decreases Balance Sewer Utility Capital Assets Being Depreciated: Infrastructure $ 617,639: $ $: - $ 617,539 Less.- Accumulated Depreciation (136,800.) ;457 - (149,257) Net Capital Assets - Sewer Utility 480,739 (12;457) $ - $ 468,282 .(25)