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NOTE 4 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)
<br />C. Interfund Transfers (continued) -
<br />The Public Improvement Revolving Fund transferred $597,595 to the General Fund for street maintenance
<br />purposes.
<br />The Equipment Revolving Fund transferred $608,673 to the General Fund for capital equipment purchases.
<br />The Public Works Campus Fund transferred $167,931 to the General Fund for capital equipment purchases.
<br />The Water Utility Fund transferred $51,000 to the General Fund for operating purposes.
<br />The Sewer Utility Fund transferred $45,000 to the General Fund for operating purposes.
<br />The Street Light Utility Fund transferred $27,000 to the General Fund for operating purposes.
<br />The Storm Water Utility Fund transferred $40,000 to the General Fund for operating purposes.
<br />NOTE 5 – CAPITAL ASSETS
<br />A.Changes in Capital Assets Used in Governmental Activities
<br />
<br />
<br />
<br />
<br />
<br />
<br />Beginning Construction/Balance –
<br />of Year Additions Adjustments Deletions End of Year
<br />Land 7,077,591$ -$ -$ -$ 7,077,591$
<br />Construction in progress 3,694,641 10,990,758 (3,586,900) - 11,098,499
<br />Total capital assets, not depreciated 10,772,232 10,990,758 (3,586,900) - 18,176,090
<br />Buildings and structures 45,210,150 - 515,687 - 45,725,837
<br />Improvements other than buildings 11,896,107 - - - 11,896,107
<br />Office equipment 725,752 - - - 725,752
<br />Motor vehicles 3,763,001 502,486 - - 4,265,487
<br />Machinery and equipment 9,046,061 452,305 - (19,087) 9,479,279
<br />Infrastructure 54,572,321 2,436,228 3,071,213 - 60,079,762
<br />Total capital assets, depreciated 125,213,392 3,391,019 3,586,900 (19,087) 132,172,224
<br />Buildings and structures (10,314,756) (953,790) - - (11,268,546)
<br />Improvements other than buildings (7,228,858) (569,529) - - (7,798,387)
<br />Office equipment (596,657) (43,184) - - (639,841)
<br />Motor vehicles (3,401,543) (211,347) - - (3,612,890)
<br />Machinery and equipment (5,054,343) (584,749) - 19,087 (5,620,005)
<br />Infrastructure (21,118,071) (2,446,471) - - (23,564,542)
<br />Total accumulated depreciation (47,714,228) (4,809,070) - 19,087 (52,504,211)
<br />Total capital assets, depreciated, net 77,499,164 (1,418,051) 3,586,900 - 79,668,013
<br />Net capital assets 88,271,396$ 9,572,707$ -$ -$ 97,844,103$
<br />Capital assets, not depreciated
<br />Capital assets, depreciated
<br />Less accumulated depreciation on
<br />75
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