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6.G. - PaFPR8d o 187
<br />City y
<br />Notes to the Basic Financial Statements
<br />For the fiscal year ended June 30, 2018
<br />NOTE 4 - CAPITAL ASSETS
<br />A. Summary
<br />Capital assets at June 30 are comprised of the following:
<br />Capital assets being depreciated:
<br />Balance
<br />$ - $
<br />$ -
<br />Balance
<br />Construction in progress
<br />June 30, 2017 Adjustment
<br />Additions
<br />Retirements Transfers
<br />June 30, 2018
<br />Government activities
<br />83,309,015
<br />Accumulated depreciation
<br />(31,745,929)
<br />21,518,484
<br />Capital assets not being depreciated:
<br />-
<br />(33,402,198)
<br />Improvements other than buildings
<br />9,048,741
<br />Land
<br />$ 31,397,153 $ 565,925
<br />$ -
<br />$ $ -
<br />$ 31,963,078
<br />Construction in progress, Property
<br />21,416,016 -
<br />10,489,806
<br />(6,310,028)
<br />25,595,794
<br />Construction in progress, Vehicles
<br />199,646
<br />565,658
<br />(189,841)
<br />575,463
<br />Total capital assets not being depreciated
<br />53,012,815 565,925
<br />11,055,464
<br />(6,499,869)
<br />58,134,335
<br />Capital assets being depreciated:
<br />$ 3,180,272 $
<br />$ - $
<br />$ -
<br />$ 3,180,272
<br />Construction in progress
<br />Buildings
<br />83,309,015
<br />(7,521,822)
<br />18,338,212
<br />Total capital assets not being depreciated
<br />83,309,015
<br />Accumulated depreciation
<br />(31,745,929)
<br />21,518,484
<br />(1,656,269)
<br />-
<br />(33,402,198)
<br />Improvements other than buildings
<br />9,048,741
<br />Harbor Improvements
<br />355,634
<br />541,731
<br />9,946,106
<br />Accumulated depreciation
<br />(2,607,276)
<br />(3,296,345)
<br />(488,456)
<br />-
<br />(3,095,732)
<br />Parks
<br />36,455,464
<br />440,000
<br />2,377,180
<br />39,272,644
<br />Accumulated depreciation
<br />(18,140,953)
<br />(1,243,305)
<br />-
<br />(19,384,258)
<br />Streets
<br />116,872,502
<br />1,928,195
<br />1,281,797
<br />(1,585,480)
<br />118,154,299
<br />Accumulated depreciation
<br />(72,896,929)
<br />Improvements other than buildings
<br />(3,968,444)
<br />8,923,244
<br />(76,865,373)
<br />Bridges
<br />2,248,335
<br />(63,650,143)
<br />(4,530,566)
<br />-
<br />2,248,335
<br />Accumulated depreciation
<br />(2,049,885)
<br />3,167,394
<br />(74,945)
<br />196,941,858
<br />(2,124,830)
<br />Traffic Signals
<br />3,095,743
<br />$
<br />135,551
<br />140,000
<br />3,371,294
<br />Accumulated depreciation
<br />(2,278,349)
<br />(85,809)
<br />-
<br />(2,364,158)
<br />Storm Drains
<br />12,419,855
<br />736,548
<br />3,251,120
<br />16,407,523
<br />Accumulated depreciation
<br />(2,841,171)
<br />(423,979)
<br />(3,265,150)
<br />s u btota 1
<br />130,889,163
<br />(4,991,677 )
<br />6,310,031
<br />132,207,517
<br />Machinery & Equipment
<br />25,627,437
<br />1,591,050
<br />(1,130,517) 189,838
<br />26,277,808
<br />Accumulated depreciation
<br />(16,374,969)
<br />(6,226)
<br />(1,646,863)
<br />1,019,975
<br />(17,008,083)
<br />Net capital assets being depreciated
<br />140,141,631
<br />(6,226)
<br />(5,047,489)
<br />(110,542) 6,499,869
<br />141,477,243
<br />Governmental activity capital assets, net
<br />$ 193,154,446
<br />$ 559,699
<br />$ 6,007,975
<br />$ (110,542) $
<br />$ 199,611,578
<br />Business -Type Activities
<br />Capital assets not being depreciated
<br />Land
<br />$ 3,180,272 $
<br />$ - $
<br />$ -
<br />$ 3,180,272
<br />Construction in progress
<br />14,116,092
<br />11,743,942
<br />(7,521,822)
<br />18,338,212
<br />Total capital assets not being depreciated
<br />17,296,364
<br />11,743,942
<br />(7,521,822)
<br />21,518,484
<br />Capital assets being depreciated
<br />Harbor Improvements
<br />4,773,955
<br />-
<br />4,773,955
<br />Accumulated depreciation
<br />(3,296,345)
<br />(114,727)
<br />(3,411,072)
<br />Buildings
<br />62,466,683
<br />62,466,683
<br />Accumulated depreciation
<br />(15,681,473)
<br />(1,288,972)
<br />(16,970,445)
<br />Machinery and equipment
<br />1,709,192
<br />219,003
<br />1,928,195
<br />Accumulated depreciation
<br />(1,585,480)
<br />(40,588)
<br />(1,626,068)
<br />Improvements other than buildings
<br />201,516,253
<br />8,923,244
<br />7,521,822
<br />217,961,319
<br />Accumulated depreciation
<br />(63,650,143)
<br />(4,530,566)
<br />-
<br />(68,180,709)
<br />Net capital assets being depreciated
<br />186,252,642
<br />3,167,394
<br />7,521,822
<br />196,941,858
<br />Business -type activity capital assets,net
<br />$203,549,006 $
<br />$ 14,911,336 $
<br />$
<br />$218,460,342
<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 is as follows:
<br />58 264
<br />
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