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NOTE 4 — INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED) <br />C. Interfund Transfers (Continued) <br />The 2014 Capital Equipment Certificates Fund transferred $45,000 to the 2023A Capital Equipment <br />Certificates Fund with remaining debt service funds. <br />The Public Improvement Revolving Fund transferred $200,000 to the General Fund for street maintenance <br />purposes. The Public Improvement Revolving Fund transferred $200,000 to the State -Aid Construction <br />Fund and $32,200 to the Pavement Management Program Fund for street funding contributions. <br />The Equipment Revolving Fund transferred $368,000 to the General Fund for capital equipment purchases. <br />The Water Utility Fund transferred $59,000 to the General Fund for operating purposes. <br />The Sewer Utility Fund transferred $53,000 to the General Fund for operating purposes. <br />The Street Light Utility Fund transferred $31,000 to the General Fund for operating purposes. <br />The Storm Water Utility Fund transferred $49,000 to the General Fund for operating purposes. <br />NOTE 5 — CAPITAL ASSETS <br />A. Changes in Capital Assets Used in Governmental Activities <br />Balance - Completed <br />Beginning Construction/ Balance - <br />ofYear Additions Adjustments Deletions End of Year <br />Capital assets, not depreciated <br />Land $ 7,077,591 $ $ — $ — $ 7,077,591 <br />Construction in progress 12,667,124 4,590,071 (12,537,335) 4,719,860 <br />Total capital ass ets, not depreciated 19,744,715 4,590,071 (12,537,335) 11,797,451 <br />Capital assets, depreciated <br />Buildings and structures 45,725,837 90,465 <br />Improvements other than buildings 11,936,241 1,534,932 <br />Office equipment 725,752 <br />Motor vehicles 5,507,602 141,923 <br />Machinery and equipment 11,665,137 923,470 <br />Infrastructure 73,765,423 7,645,682 <br />Total capital ass ets, depreciated 149,325,992 10,336,472 <br />12,537,335 <br />45,816,302 <br />13,471,173 <br />725,752 <br />(201,884) 5,447,641 <br />(73,539) 12,515,068 <br />93,948,440 <br />12,537,335 <br />(275,423) 171,924,376 <br />Less accumulated depreciation on <br />Buildings and structures (12,224,950) (942,099) (13,167,049) <br />Improvements other than buildings (8,370,623) (602,824) (8,973,447) <br />Office equipment (683,144) (35,929) (719,073) <br />Motor vehicles (3,686,758) ('144,019) 201,884 (3,928,893) <br />Machinery and equipment (6,309,159) (800,694) 73,539 (7,036,314) <br />Infrastructure (26,599,644) (3,740,421) (30,340,065) <br />Total accumulated depreciation (57,874,278) (6,565,986) 275,423 (64,164,841) <br />Total capital ass ets, depreciated, net 91,451,714 3,770,486 12,537,335 107,759,535 <br />Net capital assets $ 111,196,429 $ 8,360,557 $ $ $ 119,556,986 <br />75 <br />