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City of Redwood City
<br />Notes to the Basic Financial Statements
<br />For the fiscal year ended June 30, 2017
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<br />NOTE 4 – CAPITAL ASSETS
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<br />A. Summary
<br />Capital assets at June 30 are comprised of the following:
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<br />Balance Balance
<br />June 30, 2016 Additions Retirements Transfers June 30, 2017
<br />Government activities
<br />Capital assets not being depreciated:
<br /> Land 31,397,153$ ‐$ ‐$ ‐$ 31,397,153$
<br /> Construction in progress, Property 24,539,131 6,808,434 ‐ (9,731,903) 21,615,662
<br /> Total capital assets not being depreciated 55,936,284 6,808,434 ‐ (9,731,903) 53,012,815
<br />Capital assets being depreciated:
<br /> Buildings 83,309,015 ‐ ‐ ‐ 83,309,015
<br /> Accumulated depreciation (30,085,717) (1,660,212) ‐ ‐ (31,745,929)
<br /> Improvements other than buildings 7,883,555 ‐ ‐ 1,165,186 9,048,741
<br /> Accumulated depreciation (2,189,136) (418,140) ‐ ‐ (2,607,276)
<br /> Parks 29,962,322 ‐ ‐ 6,493,142 36,455,464
<br /> Accumulated depreciation (17,089,061) (1,051,892) ‐ ‐ (18,140,953)
<br /> Streets 114,666,789 1,088,120 ‐ 1,117,593 116,872,502
<br /> Accumulated depreciation (68,823,186) (4,073,743) ‐ ‐ (72,896,929)
<br /> Bridges 2,248,335 ‐ ‐ ‐ 2,248,335
<br /> Accumulated depreciation (1,974,940) (74,945) ‐ ‐ (2,049,885)
<br /> Traffic Signals 2,640,545 455,198 ‐ ‐ 3,095,743
<br /> Accumulated depreciation ‐ (83,156) ‐ ‐ (2,278,349)
<br /> Storm Drains 12,189,946 229,909 ‐ ‐ 12,419,855
<br /> Accumulated depreciation (2,484,261) (356,910) ‐ ‐ (2,841,171)
<br /> Machinery & Equipment 24,621,604 407,830 (357,979) 955,982 25,627,437
<br /> Accumulated depreciation (15,053,123) (1,632,130) 310,284 ‐ (16,374,969)
<br /> Net capital assets being depreciated 137,627,494 (7,170,071) (47,695) 9,731,903 140,141,631
<br />Governmental activity capital assets, net 193,563,778 (361,637) (47,695)‐ 193,154,446
<br />Business‐Type Activities
<br />Capital assets not being depreciated:
<br /> Land 3,180,272 ‐ ‐ ‐ 3,180,272
<br /> Construction in progress 10,008,331 9,149,473 (299,866) (4,741,846) 14,116,092
<br /> Total capital assets not being depreciated 13,188,603 9,149,473 (299,866) (4,741,846) 17,296,364
<br />Capital assets being depreciated
<br /> Harbor Improvements 4,773,955 ‐ ‐ ‐ 4,773,955
<br /> Accumulated depreciation (3,174,880) (121,465) ‐ ‐ (3,296,345)
<br /> Buildings 62,466,683 ‐ ‐ ‐ 62,466,683
<br /> Accumulated depreciation (14,392,501) (1,288,972) ‐ ‐ (15,681,473)
<br /> Machinery and equipment 1,683,597 46,319 (20,724) ‐ 1,709,192
<br /> Accumulated depreciation (1,553,336) (52,868) 20,724 ‐ (1,585,480)
<br /> Improvements other than buildings 196,336,355 441,621 (3,569) 4,741,846 201,516,253
<br /> Accumulated depreciation (59,255,179) (4,394,964) ‐ ‐ (63,650,143)
<br />Net capital assets being depreciated 186,884,694 (5,370,329) (3,569) 4,741,846 186,252,642
<br />Business ‐type activity capital assets,net 200,073,297 3,779,144 (303,435.00) ‐ 203,549,006
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<br />6.1.E. - Page 78
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