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City of Redwood City 6.1.E. - Page 80
<br /> Notes to the Basic Financial Statements
<br /> For the year ended June 30, 2015
<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 /> Government activities $ $ $ $ $
<br /> Capital assets not being depreciated:
<br /> Land 30,977,979 419,174 31,397,153
<br /> Construction in progress 10,880,610 5,998,827 (856,191) 16,023,246
<br /> Total capital assets not being depreciated
<br /> 41,858,589 6,418,001 (856,191) 47,420,399
<br /> Capital assets being depreciated:
<br /> Buildings 83,309,015 83,309,015
<br /> Accumulated depreciation (26,757,405) (1,664,156) (28,421,561)
<br /> Improvements other than buildings 6,274,084 631,810 6,905,894
<br /> Accumulated depreciation (1,573,414) (278,718) (1,852,132)
<br /> Parks 28,371,402 - 28,371,402
<br /> Accumulated depreciation (15,255,257) (901,237) (16,156,494)
<br /> Streets 111,036,216 1,188,478 (774,724) 111,449,970
<br /> Accumulated depreciation (61,047,268) (4,013,964) 300,206 (64,761,026)
<br /> Bridges 2,248,335 - 2,248,335
<br /> Accumulated depreciation (1,825,051) (74,945) (1,899,996)
<br /> Traffic Signals 2,606,620 33,925 2,640,545
<br /> Accumulated depreciation (2,016,375) (95,004) (2,111,379)
<br /> Storm Drains 11,627,236 223,111 11,850,347
<br /> Accumulated depreciation (1,796,889) (338,997) (2,135,886)
<br /> Machinery&Equipment 23,444,709 785,681 (550,090) 224,381 23,904,681
<br /> Accumulated depreciation (12,844,700) (1,591,752) 495,761 (13,940,691)
<br /> Net capital assets being depreciated 145,801,258 (6,727,578) (528,847) 856,191 139,401,024
<br /> Governmental activity capital assets,net 187,659,847 (309,577) (528,847) 186,821,423
<br /> Business-Type Activities
<br /> Capital assets not being depreciated:
<br /> Land 3,180,272 3,180,272
<br /> Construction in progress 21,003,860 7,925,708 (21,442,202) 7,487,366
<br /> Total capital assets not being depreciated 24,184,132 7,925,708 (21,442,202) 10,667,638
<br /> Capital assets being depreciated
<br /> Harbor Improvements 4,045,440 728,515 4,773,955
<br /> Accumulated depreciation (2,928,055) (120,903) (3,048,958)
<br /> Buildings 61,212,575 61,212,575
<br /> Accumulated depreciation (11,845,677) (1,268,483) (13,114,160)
<br /> Machinery and equipment 1,660,967 21,358 1,682,325
<br /> Accumulated depreciation (1,406,675) (72,738) (1,479,413)
<br /> Improvements other than buildings 167,807,919 1,327,945 20,713,687 189,849,551
<br /> Accumulated depreciation (51,511,584) (3,699,148) (55,210,732)
<br /> Net capital assets being depreciated 167,034,910 (3,811,969) 21,442,202 184,665,143
<br /> Business-type activity capital assets,net 191,219,042 4,113,739 195,332,781
<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 /> Governmental Activities
<br /> Community Development $ 208,171
<br /> Human Services 83,073
<br /> Public Safety 1,250,360
<br /> Transportation 4,119,468
<br /> Leisure,cultural,and information services 2,096,429
<br /> Policy development and implementation 777,267
<br /> Environmental support and protection 424,005
<br /> Total Depreciation Expense-Governmental Activities $ 8,958,773
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