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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 />Fieginning
<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 2,224,390 756,144 (2,263,184) - 717,350
<br />Cap ital ass cts, dcp rcciatccd
<br />Buildings and structures 29,291,844 - - 29,291,844
<br />iniprnve-lncnts other than hoildings 1 1,632,254 147,314 26,334 (1 18,197) 1 1,687,705
<br />Office equipment 675,058 - - 675,058
<br />Motor vehicles 3,776,621 292,637 - (167,567) 3,901,691
<br />Machinery and equipment 7,042,354 516,016 53,692 (328,195) 7,2%3,867
<br />Infrastructure 39,356,498 1,026,433 2,183,158 - 42,566,089
<br />Total capital assets 100,847,041 2,738,544 - (613,959) 102,971,62.6
<br />Less ac taimulated depreciation mr
<br />Etnilclins and strtitures (7,175,421) (625,327) - - (7,800,748)
<br />-Improvements other than buildings (5,033,480) (558,971) 408,318 49,890 (5,134,243)
<br />Office equipment (443,623) (33,962) - - (477,585)
<br />Motor vchiolc;s (3,175,140) (249,682) (2) 167,567 (3,257,257)
<br />Machinery and equipment (3,905,915) (391,915) - 316,885 (3,980,945)
<br />Infrastructure (13,432,327) (1,696,888) (408,316) - (15,537,531)
<br />Total accumulated depreciation (33,165,906) (3,556,745) - 534,342 (36,188,309)
<br />Net capital assets
<br />$ 67,681,135 $ (818,201) $ - $ (79,617) $ 66,783,317
<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 $ 637,583 $ - $ $ 1,506,096
<br />Construction in progress 30,731 1,284,279 (652,095) - 662,915
<br />Capital assets, depreciated
<br />Buildings and structures 6,058,847 - - - 6,058,847
<br />improvements other than buildings 17,089,778 - (1,528,352) 15,561,426
<br />Machinery and equipment 1,101,645 42,782 - (72,592) 1,071,835
<br />Water and sewer lines 51,003,308 1,577,481 2,180,447 54,761,236
<br />Total capital assets 76,152,822 3,542,125 - (72,592) 79,622,355
<br />Less accumulated depreciation on
<br />Buildings and structures (1,622,094) (121,091) - - (1,743,185)
<br />Improvements other than buildings (4,026,400) (198,734) - (4,225,134)
<br />Machinery and equipment (440,719) (61,661) - 65,329 (437,051)
<br />Water and sewer lines (16,410,271) (1,231,503) - - (17,641,774)
<br />Total accumulated depreciation (22,499,484) (1,612,989) - 65,329 (24,047,144)
<br />Net capital assets
<br />53,653,338
<br />$
<br />1,929,136
<br />$
<br />$
<br />(7,263) $ 55,575,211
<br />74
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