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<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 />Governmental Activities
<br />Capital assets not being depreciated:
<br />Land 11,581,493 14,103,450 $2,089,770 27,774,713
<br />Construction in progress 48,463,333 18,552,558 (6,926,090) 60,089,80 I
<br />Total capital assets not being depreciated 60,044,826 32,656,008 (4,836,320) 87,864,514
<br />
<br />Capital assets being depreciated:
<br />Buildings 56,024,331 56,024,331
<br />Accumulated depreciation (12,460,233) (1,120,487) (13,580,720)
<br />Parks 17,239,286 935,177 566,336 18,740,799
<br />Accumulated depreciation (7,009,872) (726,361) (7,736,233)
<br />Streets 60,303,896 18,506 4,269,984 64,592,386
<br />Accumulated depreciation (22,582,402) (2,705,318) (25,287,720)
<br />Bridges 2,248,335 2,248,335
<br />Accumulated depreciation (1,075,604) (74,945) (1,150,549)
<br />Traffic Signals 1,968,385 1,968,385
<br />Accumulated depreciation (944,054) (98,419) (1,042,473)
<br />Storm Drains 7,015,170 107,895 7,123,065
<br />Accumulated depreciation (413,524) (180,714) (594,238)
<br />Machinery and equipment 15,288,582 1,377,040 (817,558) 15,848,064
<br />Accumulated depreciation (8,405,708) (1,064,939) 639,398 (8,831,249)
<br />Net capital assets being depreciated 107,196,588 (3,532,565) (178,160) 4,836,320 108,322,183
<br />Governmental activity capital assets, net 167,241,414 29,123,443 (178,160) 196,186,697
<br />
<br />Business- Type Activities
<br />Capital assets not being depreciated:
<br />Land 3,447,522 3,447,522
<br />Construction in progress 23,851,436 4,958,750 (2,593,157) 26,217,029
<br />Total capital assets not being depreciated 27,298,958 4,958,750 (2,593,157) 29,664,551
<br />
<br />Capital assets being depreciated:
<br />Harbor Improvements 3,291,997 6,608 3,298,605
<br />Accumulated depreciation (1,938,582) (88,698) (2,027,280)
<br />Buildings 9,498,063 902 9,498,965
<br />Accumulated depreciation (3,233,087) (208,765) (3,441,852)
<br />Machinery and equipment 2,001,644 86,969 (20,983) 235,806 2,303,436
<br />Accumulated depreciation (1,835,885) (79,576) 20,768 (1,894,693)
<br />Improvements other than buildings 76,767,127 2,357,351 79,124,478
<br />Accumulated depreciation (29,273,624) (1,770,183) (31,043,807)
<br />Net capital assets being depreciated 55,277,653 (2,052,743) (215) 2,593,157 55,817,852
<br />Business-type activity capital assets, net 82,576,611 2,906,007 (215) 85,482,403
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