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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 />Governmental Bus ines s -.Type <br />Activities <br />Activities Total <br />Net investment in capital assets: <br />Capital assets <br />Not depreciated $ 19,744,715 $ 23,943,526 <br />Depreciated 91,451,714 73,877,561 <br />Less bonds payable (36,740,000) <br />Less capital equipment certificates (1,295,000) <br />L.es s unamortized bond premiums (1,915,176) <br />Less capital related payables (984,084) <br />Adjustment for debt not used for capital assets 310,000 <br />Debt adjustment for unspent proceeds 2,21 1,399 <br />Total net investment in capital assets $ 72,783,568 <br />(2,071,752) <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 1,399 <br />$ 95,749,335 $ 168,532,903 <br />79 <br />