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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 />Completed
<br />of Year Additions 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 />Alotor vehicles 3,832,880 186,663 - (50,858) 3,968,685
<br />Machiner}' and equipment 6,336,603 332,686 (33,751) 6,635,538
<br />Infrastructure 33,733257 1,085299 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 />Alotor 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 accumulated depreciation (27,968,849) (3,335,799) - 1,025,309 (30,279,339)
<br />Net capital assets
<br />$ 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 />of Year
<br />Additions
<br />Completed
<br />Construction
<br />Balance —
<br />End of Year
<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 sener 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 sener lines (14.392.859) (999.644) - (15.392.503)
<br />Total accumulateddepreciation (19.450.297) (1.511.968) - (20.962.265)
<br />Net capital assets
<br />$51.959.594 $ 1.895.691 $ - $ 53.855.285
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