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CITY OF GEM LAKE, MINNESOTA <br />NOTES TO BASIC FINANCIAL STATEMENTS. <br />DECEMBER 31, 2012 <br />NOTE-3 CAPITAL ASSETS <br />Capital asset: activity for the year ended December <br />31, 2012 was as follows: <br />Beginning <br />Ending <br />Balance <br />Increases Decreases <br />Balance <br />Governmental Activities <br />Captai.Assets Being Depreciated; <br />Buildings <br />$: 902,232 <br />$ - $ - <br />$ <br />902;M <br />0.ffice. Equipment <br />13090 <br />-. - <br />13,1.90 <br />Infrastructure <br />712,788 <br />- - <br />712,788 <br />Totat Capital Assets Being Depreciated <br />1,628,210. <br />- - <br />1,628,210 <br />Accumulated Depreciation: <br />Buildings <br />(87;092) <br />(22,497) - <br />(109,589) <br />:Office. Equipment <br />(6;014) <br />(1,506)-. <br />{7,.520) <br />Infrastructure <br />(275.,258) <br />(88,431) <br />(313 695) <br />Total Accumulated Depreciation <br />(368,364) <br />(62,440) -. <br />(430,804) <br />. Net Capital Assets - Capital Activities <br />$...1,259,846: <br />$ (621440)... $ - <br />$ <br />11107,406 <br />Depreciation.. expense Was charged to <br />the governmental.funotions as follows.: <br />General Government <br />$ 24,003 <br />Public. Works <br />38,437 <br />Total Depreciation - Governmental Activities <br />$ 62`,440 <br />Beginning <br />Ending <br />Balance <br />Increases Decreases <br />Balance <br />Sewer tJtitity <br />Capital Assets Being Depreciated: <br />infrastructure <br />$. 617,539. <br />$ - $. - <br />$ <br />61.7,539 <br />Less: AccdMulated.Depreciativn <br />(8.6;973) <br />(12,457) - <br />(99;430) <br />Net CapitaI.Assets = Sewer: Utility <br />$. 530,566. <br />$ (12;457) $ - <br />$ <br />518;1 D9 <br />(26) <br />