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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
<br />of Year
<br />Additions
<br />Completed
<br />Construction/
<br />Adjustments
<br />Deletions
<br />Balance —
<br />End of Year
<br />Capital assets, not depreciated
<br />Land $ 6,848,022 $ - $ - $ - $ 6,848,022
<br />Construction in progress 1,615,891 2,571,415 (1,962,298) (618) 2,224,390
<br />Capital assets, depreciated
<br />Buildings and structures 29,402,849 - - (111,005) 29,291,844
<br />Improvements other than buildings 11,089,703 248,745 293,806 - 11,632,254
<br />Office equipment 668,396 - 6,662 - 675,058
<br />Motor vehicles 3,968,685 207,853 - (399,917) 3,776,621
<br />Machinery and equipment 6,635,538 540,272 (6,662) (126,794) 7,042,354
<br />Infrastructure 36,965,046 722,960 1,668,492 - 39,356,498
<br />Total capital assets 97,194,130 4,291,245 - (638,334) 100,847,041
<br />Less accumulated depreciation on
<br />Buildings and structures (6,598,065) (626,984) (4,735) 54,363 (7,175,421)
<br />Improvements other than buildings (4,482,015) (556,200) 4,735 - (5,033,480)
<br />Office equipment (402,998) (33,963) (6,662) - (443,623)
<br />Motor vehicles (3,273,604) (267,852) - 366,316 (3,175,140)
<br />Machinery and equipment (3,648,663) (386,311) 6,662 122,397 (3,905,915)
<br />Infrastructure (11,873,994) (1,558,333) - - (13,432,327)
<br />Total accumulated depreciation (30,279,339) (3,429,643) - 543,076 (33,165,906)
<br />Net capital assets
<br />$ 66,914,791 $ 861,602 $ - $ (95,258) $ 67,681,135
<br />B. Changes in Capital Assets Used in Business -Type Activities
<br />Balance —
<br />Beginning
<br />of Year
<br />Additions
<br />Completed
<br />Construction/
<br />Adjustments
<br />Deletions
<br />Balance —
<br />End of Year
<br />Capital assets, not depreciated
<br />Land $ 868,513 $ - $ - $ $ 868,513
<br />Construction in progress 1,214,149 138,843 (1,322,261) - 30,731
<br />Capital assets, depreciated
<br />Buildings and structures 6,058,847 - - - 6,058,847
<br />Improvements other than buildings 15,744,605 22,912 1,322,261 17,089,778
<br />Machinery and equipment 834,318 310,469 - (43,142) 1,101,645
<br />Water and sewer lines 50,097,118 906,190 - - 51,003,308
<br />Total capital assets 74,817,550 1,378,414 - (43,142) 76,152,822
<br />Less accumulated depreciation on
<br />Buildings and structures (1,501,015) (121,079) - - (1,622,094)
<br />Improvements other than buildings (3,656,839) (369,561) - (4,026,400)
<br />Machinery and equipment (411,908) (71,953) - 43,142 (440,719)
<br />Water and sewer lines (15,392,503) (1,017,768) - - (16,410,271)
<br />Total accumulated depreciation (20,962,265) (1,580,361) - 43,142 (22,499,484)
<br />Net capital assets $ 53,855,285 $
<br />(201,947) $
<br />$
<br />$ 53,653,338
<br />74
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