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NOTE 7 — NET INVESTMENT IN CAPITAL ASSETS <br />The government -wide statement of net position at December 31, 2024 includes the City's net investment <br />in capital assets calculated as follows: <br />Net investment in capital assets: <br />Capital assets <br />Not depreciated <br />Depreciated <br />Less bonds payable <br />Less capital equipment certificates <br />Less tin amo rtixcd bond premiums <br />Less capital related payablcs <br />Adjustment for debt not used for capital assets <br />Debt adjustment for unspent proceeds <br />Governmental Bus tote s s-Type <br />Activities <br />$ 19,744,715 <br />91,451,714 <br />(36,740,000) <br />(1,295,000) <br />(1,915,176) <br />(984,084) <br />310,000 <br />2.211 399 <br />Total net investment in capital assets $ 72,783,568 <br />Activities <br />$ 23,943,526 <br />73, 877, 561 <br />(2,071 ,752) <br />To ta1 <br />$ 43,688,241 <br />165,329,275 <br />(36,740,000) <br />(1,295,000) <br />(1,915,176) <br />(3,055,836) <br />310,000 <br />2,21 1,3 99 <br />$ 95,749,335 $ 168,532,903 <br />79 <br />