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NOTE 4 — INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)
<br />B. Interfund Transfers (Continued) -
<br />The Riverdale Drive Street Improvement Fund was completed and closed and transferred $53,029 to the
<br />Public Improvement Revolving Fund.
<br />The Equipment Revolving Fund transferred $73,288 to the General Fund for capital equipment purchases.
<br />The Capital Equipment 2024 Fund transferred $1,509,275 to the General Fund for capital equipment
<br />purchases.
<br />The Water Utility Fund transferred $55,000 to the General Fund for operating purposes.
<br />The Sewer Utility Fund transferred $49,000 to the General Fund for operating purposes and $7,000,000 to
<br />the Water Utility Fund to assist in funding of the water treatment plant.
<br />The Street Light Utility Fund transferred $29,000 to the General Fund for operating purposes.
<br />The Storm Water Utility Fund transferred $44,000 to the General Fund for operating purposes.
<br />NOTE 5 — CAPITAL ASSETS
<br />A. Changes in Capital Assets Used in Governmental Activities
<br />Capital assets, not depreciated
<br />Land
<br />Construction in progress
<br />Total capital assets, not depreciated
<br />Balance —
<br />Beginning
<br />ofYear
<br />$ 7,077,591
<br />11,098,499
<br />18,176,090
<br />Additions
<br />7,711,579
<br />7,711,579
<br />Capital assets, depreciated
<br />Buildings and structures 45,725,837
<br />Improvements other than buildings 11,896,107 40,134
<br />Office equipment 725,752
<br />Motor vehicles 4,265,487 1,647,966
<br />Machinery and equipment 9,479,279 2,254,405
<br />Infrastructure 60,079,762 7,542,707
<br />Total capital assets, depreciated 132,172,224 11,485,212
<br />Less accumulated depreciation on
<br />Buildings and structures (11,268,546) (956,404)
<br />Improvements other than buildings (7,798,387) (572,935)
<br />Office equipment (639,841) (43,303)
<br />Motor vehicles (3,612,890) (481,289)
<br />Machinery and equipment (5,620,005) (755,432)
<br />Infrastructure (23,564,542) (3,035,102)
<br />Total accumulated depreciation (52,504,211) (5,844,465)
<br />Total capital assets, depreciated, net 79,668,0L3 5,640,747
<br />Net capital assets
<br />$ 97,844,103 $ 13,352,326
<br />Completed
<br />Construction/ Balance —
<br />Adjustments Deletions End ofYear
<br />$ $ $ 7,077,591
<br />(6,142,954) 12,667,124
<br />(6,142,954) 19,744,715
<br />(6,019)
<br />6,142,954
<br />(399,832)
<br />(68,547)
<br />6,136,935 (468,379)
<br />699
<br />7,589
<br />(2,269)
<br />399,832
<br />68,547
<br />6,019 468,379
<br />6,142,954
<br />45,725,837
<br />11,936,241
<br />725,752
<br />5,507,602
<br />11,665,137
<br />73,765,423
<br />149,325,992
<br />(12,224,950)
<br />(8,370,623)
<br />(683,144)
<br />(3,686,758)
<br />(6,3 09,15 9)
<br />(26,599,644)
<br />(57,874,278)
<br />91,451,714
<br />$ $ 111,196,429
<br />75
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