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<br />
<br />City of Orono, Minnesota
<br />Notes to the Financial Statements
<br />December 31, 2021
<br />
<br />Note 3: Detailed Notes on All Funds (Continued)
<br />
<br />Depreciation expense was charged to functions of the governmental activities as follows:
<br />
<br />Governmental Activities
<br />General Government 230,484$
<br />Public Safety 209,714
<br />Public Works 536,460
<br />Culture and Recreation 89,456
<br />Total Depreciation Expense - Governmental Activities 1,066,114$
<br />
<br />Beginning Ending
<br />Balance Increases Decreases Balance
<br />Business-type Activities
<br />Capital Assets not Being Depreciated
<br />Land 86,074$ -$ -$ 86,074$
<br />Construction in progress 387,468 1,074,493 (1,216,903) 245,058
<br />Total Capital Assets not
<br />Being Depreciated 473,542 1,074,493 (1,216,903) 331,132
<br />Capital Assets Being Depreciated
<br />Buildings and systems 1,703,811 - - 1,703,811
<br />Land Improvements 7,143 - - 7,143
<br />Machinery and equipment 1,228,730 10,465 - 1,239,195
<br />Distribution/collection system 28,140,854 1,206,439 - 29,347,293
<br />Total Capital Assets
<br />Being Depreciated 31,080,538 1,216,904 - 32,297,442
<br />Less Accumulated Depreciation for
<br />Buildings and systems (626,876) (69,766) - (696,642)
<br />Land Improvements (6,381) (1,028) - (7,409)
<br />Machinery and equipment (625,734) (57,569) - (683,303)
<br />Distribution/collection system (10,568,484) (533,303) - (11,101,787)
<br />Total Accumulated Depreciation (11,827,475) (661,666) - (12,489,141)
<br />Total Capital Assets Being
<br />Depreciated, Net 19,253,063 555,238 - 19,808,301
<br />Business-type Activities
<br />Capital Assets, Net 19,726,605$ 1,629,731$ (1,216,903)$ 20,139,433$
<br />
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<br />DRAFT
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