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7.1.A. - Page 78 ,
<br /> Notes to the Basic Financial Statements
<br /> For the year ended June 30, 2014
<br /> NOTE 4 — CAPITAL ASSETS
<br /> A. Summary
<br /> Capital assets at June 30 are comprised of the following:
<br /> Beginning Ending
<br /> Balance Additions Retirements Transfers Balance
<br /> $ $ $ $ $
<br /> Government activities
<br /> Capital assets not being depreciated:
<br /> Land 30,977,979 - - - 30,977,979
<br /> Construction in progress 20,252,073 5,152,914 (3,353,741) (11,170,636) 10,880,610
<br /> Total capital assets not being depreciated 51,230,052 5,152,914 (3,353,741) (11,170,636) 41,858,589
<br /> Capital assets being depreciated:
<br /> Buildings 83,309,015 - - - 83,309,015
<br /> Accumulated depreciation (25,093,249) (1,664,156) - - (26,757,405)
<br /> Improvements other than buildings 4,117,663 - - 2,156,421 6,274,084
<br /> Accumulated depreciation (1,377,426) (195,988) - - (1,573,414)
<br /> Parks 26,936,438 - - 1,434,964 28,371,402
<br /> Accumulated depreciation (14,363,447) (891,810) - - (15,255,257)
<br /> Streets 109,082,443 - - 1,953,773 111,036,216
<br /> Accumulated depreciation (56,827,208) (4,220,060) - - (61,047,268)
<br /> Bridges 2,248,335 - - - 2,248,335
<br /> Accumulated depreciation (1,750,106) (74,945) - - (1,825,051)
<br /> Traffic Signals 2,606,620 - - - 2,606,620
<br /> Accumulated depreciation (1,922,218) (94,157) - - (2,016,375)
<br /> Storm Drains 7,326,474 - - 4,300,762 11,627,236
<br /> Accumulated depreciation (1,533,289) (263,600) - - (1,796,889)
<br /> Machinery & Equipment 20,963,650 1,336,206 (179,863) 1,324,716 23,444,709
<br /> Accumulated depreciation (11,403,225) (1,557,018) 115,543 - (12,844,700)
<br /> Net capital assets being depreciated 142,320,470 (7,625,528) (64,320) 11,170,636 145,801,258
<br /> Governmental activity capital assets, net 193,550,522 (2,472,614) (3,418,061) - 187,659,847
<br /> Business -Type Activities
<br /> Capital assets not being depreciated:
<br /> Land 3,447,522 (267,250) - 3,180,272
<br /> Construction in progress 14,890,312 12,379,559 - (6,266,011) 21,003,860
<br /> Total capital assets not being depreciated 18,337,834 12,379,559 (267,250) (6,266,011) 24,184,132
<br /> Capital assets being depreciated:
<br /> Harbor improvements 4,045,440 - - - 4,045,440
<br /> Accumulated depreciation (2,815,666) (112,389) - - (2,928,055)
<br /> Buildings 61,212,575 - - 61,212,575
<br /> Accumulated depreciation (10,575,643) (1,270,034) - - (11,845,677)
<br /> Machinery and equipment 1,644,706 16,261 - - 1,660,967
<br /> Accumulated depreciation (1,322,079) (84,596) - (1,406,675)
<br /> Improvements other than buildings 161,301,995 239,913 - 6,266,011 167,807,919
<br /> Accumulated depreciation (47,839,969) (3,671,615) - (51,511,584)
<br /> Net capital assets being depreciated 165,651,359 (4,882,460) - 6,266,011 167,034,910
<br /> Business -type activity capital assets,net 183,989,193 7,497,099 (267,250) - 191,219,042
<br /> B. Depreciation Allocation
<br /> Depreciation expense was charged to functions and programs based on their usage of the related assets.
<br /> The amounts allocated to each function or program are as follows:
<br /> 50
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