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<br />NOTE 3 – CAPITAL ASSETS
<br />
<br />Capital asset activity for the year ended December 31, 2021 was as follows:
<br />
<br />A. Changes in Capital Assets Used in Governmental Activities
<br />
<br />Balance –Transfers and
<br />Beginning Completed Balance –
<br />of Year Additions Deletions Construction End of Year
<br />Capital assets, not depreciated
<br />Land 2,500$ –$ –$ –$ 2,500$
<br />Construction in progress 8,853 218,424 – – 227,277
<br />Total capital assets, not depreciated 11,353 218,424 – – 229,777
<br />Capital assets, depreciated
<br />Buildings 902,232 5,480 – – 907,712
<br />Office equipment 17,900 778 – – 18,678
<br />Infrastructure 1,563,728 – – – 1,563,728
<br />Total capital assets, depreciated 2,483,860 6,258 – – 2,490,118
<br />Less accumulated depreciation for
<br />Buildings (289,565) (22,634) – – (312,199)
<br />Office equipment (14,004) (1,150) – – (15,154)
<br />Infrastructure (670,632) (67,377) – – (738,009)
<br />Total accumulated depreciation (974,201) (91,161) – – (1,065,362)
<br />Net capital assets, depreciated 1,509,659 (84,903) – – 1,424,756
<br />Net capital assets 1,521,012$ 133,521$ –$ –$ 1,654,533$
<br /> B. Changes in Capital Assets Used in Business-Type Activities
<br />
<br />Balance –Transfers and
<br />Beginning Completed Balance –
<br />of Year Additions Deletions Construction End of Year
<br />Capital assets, depreciated
<br />Infrastructure 1,547,940$ –$ –$ –$ 1,547,940$
<br />Less accumulated depreciation for
<br />Infrastructure (256,134) (29,535) – – (285,669)
<br />Net capital assets 1,291,806$ (29,535)$ –$ –$ 1,262,271$
<br />
<br />C. Depreciation Expense by Function
<br />
<br />Depreciation expense was charged to the following functions:
<br />
<br />Governmental activities
<br />General government 23,784$
<br />Public works 66,627
<br />Conservation and development 750
<br />Total depreciation expense – governmental activities 91,161$
<br />
<br />Business-type activities
<br />Water 13,469$
<br />Sewer 16,066
<br />Total depreciation expense – business-type activities 29,535$
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