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NOTE 4—CAPITAL ASSETS
<br /> A. Summa�y
<br /> Capital assets at June 3 0 are comprised of the following:
<br /> Restated
<br /> Beginning Ending
<br /> Balance Additions Retirements Transfers Balance
<br /> $ $ $ $ $
<br /> Governmental Activities
<br /> Capital assets not being depreciated:
<br /> Land 27,774,713 $1,528,779 29,303,492
<br /> Construction in progress 81,210,475 16,173,252 (4,062,976) (22,788,104) 70,532,647
<br /> Total capital assets not being depreciated 108,985,188 16,173,252 (4,062,976) (21,259,325) 99,836,139
<br /> Capital assets being depreciated:
<br /> Buildings 56,402,538 1,042,510 57,445,048
<br /> Accumulated depreciation (14,702,536) (1,133,571) (15,836,107)
<br /> Improvements other than buildings 7,731,088 7,731,088
<br /> Accumulated depreciation (119,067) (807,750) (926,817)
<br /> Parks 18,740,799 619,763 19,360,562
<br /> Accumulated depreciation (8,468,916) (725,723) (9,194,639)
<br /> Streets 64,592,386 11,153,006 75,745,392
<br /> Accumulated depreciation (28,087,981) (3,000,920) (31,088,901)
<br /> Bridges 2,248,335 2,248,335
<br /> Accumulated depreciation (1,225,494) (74,944) (1,300,438)
<br /> Traffic Signals 2,138,329 313,587 2,451,916
<br /> Accumulated depreciation (1,145,141) (114,756) (1,259,897)
<br /> Storm Drains 7,123,065 1,008,214 8,131,279
<br /> Accumulated depreciation (776,300) (194,665) (970,965)
<br /> Machinery and equipment 17,614,931 481,243 (793,883) (608,843) 16,693,448
<br /> Accumulated depreciation (9,627,478) (1,104,565) 740,631 807,750 (9,183,662)
<br /> Net capital assets being depreciated 104,826,537 (5,986,968) (53,252) 21,259,325 120,045,642
<br /> Governmental activity capital assets,net 213,811,725 10,186,284 (4,116,228) 219,881,781
<br /> Business-Type Activities
<br /> Capital assets not being depreciated:
<br /> Land 3,447,522 3,447,522
<br /> Construction in progress 31,354,751 21,746,874 (4,395,322) (1,016,416) 47,689,887
<br /> Total capital assets not being depreciated 34,802,273 21,746,874 (4,395,322) (1,016,416) 51,137,409
<br /> Capital assets being depreciated:
<br /> Harbor Improvements 3,301,822 3,200 3,305,022
<br /> Accumulated depreciation (2,116,154) (83,778) (2,199,932)
<br /> Buildings 10,242,939 838 (18,532) 689,345 10,914,590
<br /> Accumulated depreciation (3,657,024) (239,134) 16,052 (3,880,106)
<br /> Machinery and equipment 944,807 43 5,83 9 (14,476) l,3 66,170
<br /> Accumulated depreciation (769,267) (69,760) 14,476 (824,551)
<br /> Improvements other than buildings 80,175,211 1,317,695 (70,219) 327,071 81,749,758
<br /> Accumulated depreciation (31,134,192) (1,766,989) 70,219 (32,830,962)
<br /> Net capital assets being depreciated 56,988,142 (402,089) (2,480) 1,016,416 57,599,989
<br /> Business-type activity capital assets,net 91,790,415 21,344,785 (4,397,802) 108,737,398
<br /> In fiscal year 2006/07, the City determined that $1,709,362 of General Activities machinery and
<br /> equipment was more appropriately classified as improvements other than buildings. Therefore, this
<br /> reclassification is reflected in the transfers.
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