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NOTE 4 — CAPITAL ASSETS (CONTINUED)
<br />B. Changes in Capital Assets Used in Business -Type Activities
<br />C. Depreciation Expense by Function
<br />Balance —
<br />Beginning
<br />of Year
<br />Capital assets, not depreciated
<br />Land $ 100,000 $ — $ — $ 100,000
<br />Construction in progress 9,298,436 470,113 (559,017) 9,209,532
<br />Capital assets, depreciated
<br />Buildings and structures 2,509,688 — — 2,509,688
<br />Improvements other than buildings 9,497,064 86,024 — 9,583,088
<br />Machinery and equipment 210,563 343,357 (9,597) 544,323
<br />Water and sewer lines 35,496,946 852,586 — 36,349,532
<br />Total capital assets 57,112,697 1,752,080 (568,614) 58,296,163
<br />Less accumulated depreciation on
<br />Buildings and structures (502,100) (50,296) — (552,396)
<br />Improvements other than buildings (967,216) (207,675) — (1,174,891)
<br />Machinery and equipment (102,846) (27,274) 9,597 (120,523)
<br />Water and sewer lines (6,367,477) (725,644) — (7,093,121)
<br />Total accumulated depreciation (7,939,639) (1,010,889) 9,597 (8,940,931)
<br />Net capital assets $ 49,173,058 $ 741,191 $ (559,017)
<br />Governmental activities
<br />General government $ 684,615
<br />Public safety 330,071
<br />Highways and streets 933,856
<br />Culture and recreation 185,028
<br />Total depreciation expense -- governmental activities $ 2,133,570
<br />Bus ines s -type activities
<br />Water Utility $ 439,445
<br />Sewer Utility 362,556
<br />Street Light Utility 27,578
<br />Storm Water Utility 181,310
<br />Total depreciation expense — business -type activities $ 1,010,889
<br />-39-
<br />Additions
<br />Balance
<br />Deletions End of Year
<br />$ 49,355,232
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