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NOTE 3 — INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)
<br />The interfund receivables, payables and transfers are used to move funds to finance various programs or
<br />projects that the City must account for in other funds in accordance with budgetary authorizations and to
<br />move revenues from the fund with collection authorization to funds where related expenditures are
<br />occurring. Interfund activity is eliminated as needed for entity -wide financial statement reporting.
<br />NOTE 4 — CAPITAL ASSETS
<br />A. Changes in Capital Assets Used in Governmental Activities
<br />Balance —
<br />Beginning Balance —
<br />of Year Additions Completed Deletions End of Year
<br />Construction
<br />Capital assets, not depreciated
<br />Land $ 6,848,022 $ - $ - $ $ 6,848,022
<br />Construction in progress 2,369,983 1,725,084 (2,479,176) - 1,615,891
<br />Capital assets, depreciated
<br />Buildings and structures 30,685,842 - - (1,282,993) 29,402,849
<br />Improvements other than buildings 11,385,776 (296,073) 11,089,703
<br />Office equipment 657,196 11,200 - 668,396
<br />Motor vehicles 3,832,880 186,663 - (50,858) 3,968,685
<br />Machinery and equipment 6,336,603 332,686 (33,751) 6,635,538
<br />Infrastructure 33,733,257 1,085,299 2,146,490 - 36,965,046
<br />Total capital assets 95,849,559 3,008,246 - (1,663,675) 97,194,.130
<br />Less accumulated depreciation on
<br />Buildings and structures (6,753,676) (654,844) - 810,455 (6,598,065)
<br />Improvements other than buildings (4,084,948) (527,312) - 130,245 (4,482,015)
<br />Office equipment (367,402) (35,596) - - (402,998)
<br />Motor vehicles (3,020,166) (304,296) - 50,858 (3,273,604)
<br />Machinery and equipment (3,324,177) (358,237) - 33,751 (3,648,663)
<br />Infrastructure (10,418,480) (1,455,514) - - (11,873,994)
<br />Total accumulateddepreciation (27,968,849) (3,335,799) - 1,025,309 (30,279,33.9)
<br />Net capital assets $ 67,880,710 $ (327,553) $ - $ (638,366) $ 66,914,791
<br />B. Changes in Capital Assets Used in Business -Type Activities
<br />Balance —
<br />Beginning
<br />Balance —
<br />of Year Additions Completed End of Year
<br />Construction
<br />Capital assets, not depreciated
<br />Land $ 868,513 $ $ - $ 868,513
<br />Construction in progress 597,780 1,206,853 (590,484) 1,214,149
<br />Capital assets, depreciated
<br />Buildings and structures 6,058,847 - 6,058,847
<br />Improvements other than buildings 14,554,985 872,402 317,218 15,744,605
<br />Machinery and equipment 834,318 - 834,318
<br />Water and sewer lines 48,495,448 1,328,404 273,266 50,097,118
<br />Total capital assets 71,409,891 3,407,659 - 74,817,550
<br />Less accumulated depreciation on
<br />Buildings and structures (1,379,924) (121,091) - (1,501,015)
<br />Improvements other than buildings (3,313,736) (343, 103) - (3,656,839)
<br />Machinery and equipment (363,778) (48, 130) - (411,908)
<br />Water and sewer lines (14,392,859) (999,644) - (15,392,503)
<br />Total accumulated depreciation (19,450,297) (1,511,968) - (20,962,265)
<br />Net capital assets $51,959,594 $ 1,895,691 $ - $ 53,855,285
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