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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 31, 2012 was as follows: <br />Beginning <br />Balance Increases Decreases <br />Governmental Activities <br />Capital Assets Being Depreciated: <br />Buildings <br />Office Equipment <br />Infrastructure <br />Total Capital Assets Being Depreciated <br />Accumulated Depreciation: <br />$ 902,232 $ $ <br />13,190 <br />712,788 _ <br />1,628,210 <br />Ending <br />$ 902,232 <br />13,190 <br />712,788 <br />1,628,210 <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 />(38,437) <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 />(62,440) $ - <br />$ 1,197,406 <br />Depreciation expense was charged to <br />the governmental functions as follows: <br />General Government <br />$ <br />24,003 <br />Public Works <br />38,437 <br />Total Depreciation - Governmental Activities <br />$ <br />62,440 <br />Beginning Ending <br />Balance Increases Decreases Balance <br />Sewer Utility <br />Capital Assets Being Depreciated: <br />Infrastructure $ 617.539 $ - $ - $ 617,539 <br />Less: Accumulated Depreciation (86,973) (12,457) - (99,430) <br />Net Capital Assets - Sewer Utility $ 530.566 $ (12,457) $ - $ 518,109 <br />(26) <br />