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 $

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