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ITown of Palisade, Colorado
<br /> INOTES TO FINANCIAL STATEMENTS
<br /> December 31, 2009
<br /> INOTE D-CAPITAL ASSETS-CONTINUED
<br /> 1 Business-type activities: Beginning Balance
<br /> 01/01/09 Additions Deletions 12/31/09
<br /> Capital assets not being depreciated
<br /> I Land $ 226,126 $ - $ - $ 226,126
<br /> Total capital assets not
<br /> being depreciated 226,126 - - 226,126
<br /> 1 Capital assets being depreciated
<br /> Water system 15,779,558 - - 15,779,557
<br /> Utility system 2,502,459 - - 2,502,459
<br /> I Buildings and improvements-Water 111,580 - - 111,580
<br /> Equipment and furniture-Utility 318,923 318,923
<br /> Equipment and furniture-Water 307,331 - - 307,331
<br /> Total capital assets -
<br /> being depreciated 19,019,851 - 19,019,851
<br /> Less accumulated depreciation
<br /> I Water system 4,128,668 295,548 - 4,424,216
<br /> Utility system 1,355,093 98,268 1,453,361
<br /> Buildings and improvements-Water 101,645 3,719 - 105,364
<br /> I Equipment and furniture-Utility 306,661 1,226 - 307,887
<br /> Equipment and furniture-Water 298,082 6,498 304,580
<br /> I Total accumulated depreciation 6,190,149 405,259 - 6,595,408
<br /> Total capital assets being
<br /> depreciated, net 12,829,702 (405,259) - 12,424,443
<br /> I Business-type activities capital
<br /> assets,net $ 13,055,828 $ (405,259) $ - $ 12,650,569
<br /> I Depreciation expense was charged to functions/programs of the primary government as follows:
<br /> Governmental activities:
<br /> General government $ 66,637
<br /> I Public safety 66,013
<br /> Public works and parks 13,456
<br /> Recreation and culture 52,252
<br /> I Cemetery 2,633
<br /> Infrastructure 40,361
<br /> Total depreciation expense-governmental activities $ 241,352
<br /> I Business-type activities:
<br /> Water utility $ 305,765
<br /> Sewer utility 99,494
<br /> ITotal depreciation expense-business-type activities $ 405,259
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