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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 />Clolnp leted
<br />Construction/
<br />Adjustment s
<br />Deletions
<br />Bala —
<br />End of Year
<br />Capital as sets, not depreciated
<br />Land $ 1,506,096 $ - $ $ - $ 1,506,096
<br />Construction in progress 8,211,825 15,490,352 (1,264,747) - 22,437,430
<br />Total capital assets, not depreciated 9,717,921 15,490,352 (1,264,747) - 23,943,526
<br />Capital assets, depreciated
<br />Buildings and structures 6,177,522 - - - 6,177,522
<br />Improvements other than buildings 20,622,723 1,618,170 646,148 22,887,041
<br />Machinery and equipment 1,383,729 419,987 6,019 1,809,735
<br />Water and sewer lines 66,785,604 9,202,575 618,599 - 76,606,778
<br />Total capital assets, depreciated 94,969,578 11,240,732 1,270,766 - 107,481,076
<br />Less accumulated depreciation on
<br />Buildings and structures
<br />Improvements other than buildings
<br />Machinery and equipment
<br />Rater and sever lines
<br />"Total accumulated depreciat ion
<br />Total capital assets, depreciated, net
<br />(2,234,997)
<br />(5,792,188)
<br />(756,513)
<br />(22,548,650)
<br />(123.802)
<br />(473,363)
<br />(132,084)
<br />(1,535 899)
<br />(31,332,348) (2,265,148)
<br />63,637,230 8,975,584
<br />(6,019)
<br />(2,358,799)
<br />(6,265,551)
<br />(894,616)
<br />(24,084,549)
<br />(6,019) - (33,603,515)
<br />1,264,747 - 73,877,561
<br />Net capital assets $73,355,151 $ 24,465,936 $
<br />C. Depreciation Expense by Function
<br />$ - $ 97,821,087
<br />Governmental activities
<br />General goverment $ 857,093
<br />Public safety 707,196
<br />Highways and streets 3,731 ,480
<br />Culture and recreation 548,696
<br />Total dcprcciation expense — governmental activities $ 5,844,465
<br />Business -type activities
<br />Water Utility $ 1,045,627
<br />Sewer Utility 698,160
<br />Street Light Utility 30,735
<br />Storm Water Utility 490,626
<br />Total depreciation expense — business -type activities $ 2,265,148
<br />NOTE 6 — LONG-TERM DEBT
<br />A. Components of Long -Term Debt
<br />.13 canal issue Interest Pate issa.e Unte
<br />Final Rala ee —
<br />Mat ,ii ity 41ate End of -Year
<br />Cn_ vernmrntal :c(ivitics
<br />1300ds payable
<br />General Obligation Inaprovanaent Bonds
<br />Series 20 1 I ri $ 3,090,000 2.00-2.70 % I 7/79/20 I 1 12/ 1 5/2025 $ 3 10,000
<br />$6,ie', 2015/, S 3,XX0_,000 2_00-3_50 ! 6/15/20155 12/1/2035 2,405,000
<br />Series 201513 $ 1,205,000 2.00-2.25% 6/15/2015 12/1/2025 130,000
<br />tier ies 2016A $ 1,650,000 2.00 1 7/21/2016 12/15/2026 345_000
<br />Sevics 2017A 5: 895,000 1 15-2.5010 8/1 7/201 7 12/15/2027 280,000
<br />Series 2018A $ 1,175,000 3.007!. 7/17/2018 12/15/2028 500,000
<br />Series 2020A $ 9,055,000 1.00-1.65 % 12/30/2020 12/15/2041 9_055,000
<br />Series 2021 A $ 9_,845_000 2_00-3_0011$ 10/19/2021 12/15/2031 7_,285_,000
<br />Svrics 2022A $ 10,765,000 5.001%. 12/9/2022 12/15/2037 9,755,000
<br />Series 2023A. $ 6,915,000 4.25-5.0014 11/15/2023 12/15/2038 6,615,000
<br />"1'cat al general obligation improvement 110101s 36_,740_,000
<br />Capital Equipment Ccrtiti cat es
<br />Series 202315 $ 1,400.000 5.0014 11/15/2023 12/15/2033 1,295,000
<br />119nzan0ortizcd bond premiums
<br />(3.03pcnsaled absermes payable
<br />Net pension liability
<br />Total C7PE13 liability
<br />'1'431a1 )0vei43,0 nlal activi(ies
<br />Business -typo act ivites
<br />Nei pension 1-abilily
<br />1,915,176
<br />1.270.328
<br />5,448,915
<br />1,379,460
<br />48,048,879
<br />370,664
<br />,tal gcyvcrmaacnt and businoss-typo act iv.t les $ 48,419,543
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