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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 1-ear
<br />Additions
<br />Completed
<br />Construction,
<br />Adjustments
<br />Deletions
<br />Balance —
<br />End of 1-ear
<br />Capital assets, not depreciated
<br />Laud $ 6.848.022 $ - $ - $ - $ 6.848.022
<br />Construction in progress 1.615.891 2.571.415 (1.96 29S) (61S) 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 - 11.63 254
<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 6,635,538 540.27 (6.662) (126.794) 7.042,354
<br />Infrastructure 36,965.046 722.960 1.668.49 - 39356.498
<br />Total capital assets 97.194.130 4.291.245 - (638334) 100.847.041
<br />Less accumulated depreciation on
<br />Buildings and structures (6.598.065) (626.984) (4.735) 54363 (7.175.421)
<br />Im_provem_ents 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) - 366316 (3,175.140)
<br />Machinery and equipment (3,648,663) (386311) 6.662 122397 (3,905.915)
<br />Infrastructure (11.873.994) (1.558.333) - - (13.432327)
<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 m 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 />Machmery and equipment 834,318 310,469 - (43,142) 1,101,645
<br />Water and sewer Imes 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 />Machmery 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
<br />$ 53,855,285 $ (201,947) $
<br />$
<br />- $ 53,653,338
<br />74
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