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NOTE 5 — CAPITAL ASSETS (CONTINUED)
<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 $ 1,506,096 $ - $ - $ - $ 1,506,096
<br />Construction in progress 822,975 7,388,850 - - 8,211,825
<br />Total capital assets, not depreciated 2,329,071 7,388,850 - - 9,717,921
<br />Capital assets, depreciated
<br />Buildings and structures
<br />Improvements other than buildings
<br />Machinery and equipment
<br />Water and sewer lines
<br />Total capital assets, depreciated
<br />Less accumulated depreciation on
<br />Buildings and structures
<br />Improvements other than buildings
<br />Machinery and equipment
<br />Water and sewer lines
<br />Total accumulated depreciation
<br />Total capital assets, depreciated, net
<br />Net capital assets
<br />6,177,522
<br />19,676,922
<br />1,322,965
<br />63,329,103
<br />90,506,512
<br />945,801
<br />60,764
<br />3,456,501
<br />6,177,522
<br />20,622,723
<br />1,383,729
<br />66,785,604
<br />4,463,066 - - 94,969,578
<br />(2,111,534) (123,463)
<br />(5,364,399) (427,789)
<br />(659,711) (96,802)
<br />(21,213,231) (1,335,419)
<br />(29,348,875) (1,983,473)
<br />61,157,637 2,479,593
<br />$63,486,708 $ 9,868,443
<br />C. Depreciation Expense by Function
<br />(2,234,997)
<br />(5,792,188)
<br />(756,513)
<br />(22,548,650)
<br />(31,332,348)
<br />63,637,230
<br />$ - $ 73,355,151
<br />Governmental activities
<br />General government $ 839,685
<br />Public safety 474,125
<br />Highways and streets 3,038,748
<br />Culture and recreation 456,512
<br />Total depreciation expense — governmental activities $ 4,809,070
<br />Business -type activities
<br />Water Utility $ 849,765
<br />Sewer Utility 678,004
<br />Street Light Utility 31,625
<br />Storm Water Utility 424,079
<br />Total depreciation expense — business -type activities $ 1,983,473
<br />76
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