2018 City of Shakopee Comprehensive Annual Financial Report
CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2018
NOTE 6 – CAPITAL ASSETS (CONTINUED) Business-type capital asset activity for the year ended December 31, 2018 was as follows: Beginning Ending Balance Increases Decreases Balance Business-Type Activities: Capital Assets not being Depreciated: Land 3,796,803 $ - $ - $ 3,796,803 $ Right-Of-Way 507,746 - - 507,746 Construction in Progress 715,159 67,242 642,130 140,271 Total Capital Assets not being Depreciated 5,019,708 67,242 642,130 4,444,820
Capital Assets being Depreciated: Line Rights
1,368,569 93,913,225 4,227,206
-
-
1,368,569 99,339,731 4,274,637
Plant in Service
5,453,809
27,303 80,041
Machinery and Equipment
127,472
Total Capital Assets being Depreciated
99,509,000
5,581,281
107,344
104,982,937
Less Accumulated Depreciation for: Line Rights
601,294
24,733
- -
626,027
Plant in Service
25,852,256 2,527,714
1,503,142
27,355,398 2,803,906
Machinery and Equipment
284,192
8,000
Total Accumulated Depreciation
28,981,264
1,812,067
8,000
30,785,331
Total Capital Assets being Depreciated, Net
70,527,736
3,769,214
99,344
74,197,606
Business-Type Activities Capital Assets, Net
75,547,444 $
3,836,456 $
741,474 $
78,642,426 $
Depreciation expense was charged to functions/programs of the City as follows: Business-Type Activities: Sanitary Sewer
843,514 $
StormDrainage
851,443 117,110
Refuse
Total Depreciation Expense - Business-Type Activities
1,812,067 $
67
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