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CITY OF GEM LAKE, MINNESOTA NOTES TO BASIC. FINANCIAL STATEMENTS DEC EMBER 31, 2019 NOTE 2 DEPOSITS AND INVESTMENTS (CONTINUED) B. Investments (Continued) Fair Value Measurements (Continued) The levels .of investments at December 31, 2.019 areas follows: Investment . Type Level1. Level Level Total Negotiable. Certificates of Deposit.with Maturities at Purchase of Greater Than 1 Year. $ - $ 584,252 $. - $. 584,252 Investments Measured at Amortized Cost 8,222 Total $ 592,474 NOTE 3 CAPITAL ASSETS Capital asset activity for the year ended December 31, 201.9 was as follows: Governmental Activities Capital Assets Not Being Depreciated- Land Construction in Progress Capital Assets Being Depreciated: Buildings. Office Equipment Infrastructure Total Capital Assets Being Depreciated. Total Capital Assets Accumulated Depreciation: Buildings. Office Equipment Infrastructure Total :Accumulated Depreciation Net Capital Assets - Capital Activities Beginning Ending Balance Increases .. Decreases Transfers Balance 8 - $ 2,500 $ - $. $.: 2,500 561.,531 55,8.90 - (620.,421) 902;232 - - 902,232 12,895: 5,493 (488) 17900 1,094,536 469.192 1,563,728 2,009,663 5,493 (488) 469,192 2,483,860 21571;194 66;883 (488) (15T,229) 2,486,360 (244,571) (22,497). (267,068) (12,786) (608) 488 - 02;905? (552.341) (50,964) - _ (503,305) (809.97) _(74,069) 488 (883,278) $. 1,761,497 $ 1,186) $ 5 (151,229) .$ 1;503,082 Depreciation expense was charged to the governmental functions as folloWS:. General Government $ .23,105 Public Works 50;964 Total Depreciation - Governmental Activities $. 74069 (24)