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CITY.OF GEM.LAKE, MINNESOTA <br />NOTES TO BASIC. FINANCIAL STATEMENTS. <br />DEC EMBER 31, 2410 <br />NOTE 3 CAPITAL: ASSETS <br />Capital asset activity for the year ended December 3.1, 2010 was as follows: <br />Governmental Activities: <br />Capital. Assets Being. epreciated: <br />Buildings <br />Office Equipment <br />Infrastructure. <br />Total Capital Assets Being: Depreciated <br />Accumulated Depreciation <br />Buildings <br />Or ffice.Equipment <br />Infrastructure <br />Total. Accumulated .Depreciation <br />Net Capital Assets - Capital Activities <br />Beginning <br />Ending <br />Balance <br />Increases: ❑ec.reases <br />Balance. <br />$ 898,708 <br />$ - $ - <br />$ 898.708 <br />13,190 <br />-. - <br />13,190 <br />712;788 <br />- - <br />712,788 <br />1,624,686 <br />- - <br />1,624.686 <br />(42,127) <br />{22,468} <br />(3002) <br />(1,506) - <br />(4,508) <br />(198:386) <br />38,436 - <br />(236;822) <br />(243,515) <br />(621410) - <br />(30.5,925 <br />$ 1,381,171 $�62,410j .$ - $ 1,318i761 <br />Depreciation expense was charged to the governmental functions as follows: <br />General Government $ .23,914 <br />Public Works 381436 <br />Total Depreciation - Governmental Activities $ 62�419. <br />Beginning .Ending <br />Balance Increases. . Decreases Balance <br />Sewer Utility <br />Capital Assets Being Depreciated: <br />infrastructure $ 617,539 $ - $ - $ 611,539 <br />Less: Accumulated Depreciation (62,060 (I2j457) - (7.4,517) <br />Net Capital Assets - Sewer Utility 555,479 (12,457) 5.43,0 2 <br />(24) <br />