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CITY OF GEM LAKE, MINNESOTA NOTES. TO BASIC FINANCIAL STATEMENTS DECEMBE.R 31, 2016 NOTE 2. DEPOSITSAND INVESTMENTS (CONTINUED) The levels of investments at December.31., 2016, areas follows:. Investment. TYPe Level 1 Level 2 Level 3 Total Negotiable.Certlficates of Deposit with Maturities at Purchaseof Greater Than I Year S. - $ .354,000 $ - $ 354,400 $ - $ 354D.00. $. - 354,000 Investments Measured at Amortized Cost 3,087 $' 35.7,087 NOTE 3 c APiTAL ASSETS Capital asset activity for the year ended Decerril7er 31;°015 was as follows:. Beginning",:'' Ending Balance increases Decreases . Balance Governmental Activities Capital Assets Not Being Depreciated: ':..:.: Construction in Progress $: 94 367. :.:; $„ 3291012 $ (423,379}. $ - Capital Assets Being. Depreciated: Buildings 902,232' - 902;232 Office Equipment '; ;: 12,895 - - 12,895 .Infrastructure 712,788 423,379 - 1,136,157 Total Capital Assets..Be ng D.epreclated • 1.627,91:5 423,379 - 2,051,294 Accumulated Deprepmfion:::: Buildings (177,530) (22,047) - t199,571) Office.Equipment (9,986) (1,243.) - (11,229) tnfra$truc#ure:.:.:; :. (429.006) (42,669) -. (4.71,675) Total Accumulated.Depreciation (616,522) ` (65,959) - (682,481) Net. Capital Assets:-,- Capital Activities $ 1;105,7$0 $ 68.6;432 $ (423379) $. 1,358,813 Depredation expertise was charged to the governmental functions as follows: General Government $ 23,290 Ruhlic Works':::::' 42,669 'dotal. Depreciation - Governmental Acti.vities $ 65959 Beginning Ending Balance: Increases Decreases Balance Sewer Utility. Capital Assets Being Depreciated: Infrastructure $ 617,530 $. - $ - $ 617,539 Less:: Accumulated Depreciation (135,800) (12.457) - (149,257) -.. Net Capital Assets. -'Sewer Utility $` 480,739 $ 457 7 $ 468,282 (25)