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1 Town of Palisade, Colorado
<br /> INOTES TO FINANCIAL STATEMENTS
<br /> December 31, 2009
<br /> INOTE C-CASH AND INVESTMENTS-CONTINUED
<br /> I Reconciliation of cash and investments to statement of net assets:
<br /> Cash and equivalents $2,669,284
<br /> Investments 1,994,453
<br /> I Fiduciary investments, FPPA,Note H 483,716
<br /> $5,
<br /> Total cash and investments $5,147,453
<br /> NOTE D-CAPITAL ASSETS
<br /> The following is a summary of activity in the capital assets for the year ended December 31, 2009:
<br /> Governmental activities:
<br /> I Beginning Deletions/ Balance
<br /> 01/01/09 Additions Adjustments 12/31/09
<br /> Capital assets not being depreciated
<br /> I Land $ 274,674 $ - $ - $ 274,674
<br /> Construction in progress 481,182 764,041 712,168 533,055
<br /> Total capital assets not
<br /> being depreciated 755,856 764,041 712,168 807,729
<br /> I Capital assets being depreciated -
<br /> Infrastructure 1,436,324 712,168 2,148,492
<br /> Swimming pool 517,939 - - 517,939
<br /> I Community Center 623,274 26,371
<br /> - 649,645
<br /> Buildings and improvements 5,519,016 5,519,016
<br /> Equipment and furniture 1,387,224 - - 1,387,224
<br /> I Total capital assets
<br /> being depreciated 9,483,777 738,539 - 10,222,316
<br /> Less accumulated depreciation
<br /> I Infrastructure 208,325 50,872 _ 259,197
<br /> Swimming pool 321,371 15,729 337,100
<br /> Community Center 400,490 20,922 - 421,412
<br /> I Buildings and improvements 245,093 64,897 - 309,990
<br /> Equipment and furniture 937,164 88,932 1,026,096
<br /> Total accumulated depreciation 2,112,443 241,352 2,353,795
<br /> Total capital assets being
<br /> depreciated,net 7,371,334 497,187 - 7,868,521
<br /> Governmental activities capital
<br /> assets, net $ 8,127,190 $ 1,261,228 $ 712,168 $ 8,676,250
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