HomeMy WebLinkAboutNC Comprehensive Report (Finance) (50)CITY OF NATIONAL CITY
Notes to the Basic Financial Statements
(Continued)
Capital Assets
The following is a summary of changes in the capital assets for governmental activities at
June 30, 2012:
Balance at Balance at
July 1, 2011 Additions Deletions* June 30, 2012
Governmental -type activities:
Depreciable:
Buildings and improvements $ 44,343,967 2,151,619 (2,450,000) 44,045,586
Machinery and equipment 14,933,425 422,186 (101,622) 15,253,989
Infrastructure 113,350,804 76,190 (6,614) 113,420,380
Total cost of depreciable
capital assets 172 628.196 2,649,995 (2,558,236) 172,719,955
Less accumulated depreciation:
Buildings and improvements (18,533,361) (1,642,759) 1,997,639 (18,178,481)
Machinery and equipment (10,276,484) (675,433) 81,163 (10,870,754)
Infrastructure (53,477,806) (2,337,335) 4,167 (55,810,974)
Total accumulated depreciation (82,287,651) (4,655,527) 2,082,969 (84,860,209)
Net depreciable capital assets 90,340,545 (2,005,532) (475,267) 87,859,746
Non -depreciable:
Land 20,025,598 (2,050,000) 17,975,598
Rights of way 4,245,088 - 4,245,088
Construction in progress 2,151,619 2,946,277 (2,151,619) 2,946,277
Total non -depreciable
capital assets 26,422,305 2,946,277 (4,201,619) 25,166,963
Capital assets, net
$116,762,850 940,745 (4,676,886) 113,026,709
* On February 1, 2012 $4,581,163 of capital assets and $2,078,802 of accumulated
depreciation were transferred to the Successor Agency of the former National City
Redevelopment Agency. See footnote 15 for additional information.
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