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I
<br /> 1 Winter Park Water and Sanitation District
<br /> I NOTES TO FINANCIAL STATEMENTS
<br /> (continued)
<br /> IDecember 31, 2010 and 2009
<br /> ICapital asset activity for the year ended December 31, 2009 was as follows:
<br /> Balance at Balance at
<br /> I December 31, December 31,
<br /> 2008 Increases Decreases 2009
<br /> Capital assets, not being depreciated
<br /> I Land $ 105,793 $ - $ _ $ 105,793
<br /> Water rights 264,815 264,815
<br /> Total capital assets, not being
<br /> depreciated 370,608 - - 370,608
<br /> I
<br /> Capital assets being depreciated
<br /> Plant and improvements 9,786,591 250,726 - 10,037,317
<br /> I Water storage tanks 2,488,304 - - 2,488,304
<br /> Infrastructure 1,961,656 56,440 2,018,096
<br /> Vehicles 85,518 - - 85,518
<br /> Office equipment 414,580 43,281 - 457,861
<br /> ITotal capital assets being depreciated 14,736,649 350,447 - 15,087,096
<br /> Less accumulated depreciation for
<br /> I Plant and improvements 3,115,756 289,898 - 3,405,654
<br /> Water storage tanks 835,159 57,455 892,614
<br /> Infrastructure 1,206,454 66,805 - 1,273,259
<br /> Vehicles 70,869 4,883 - 75,752
<br /> I Office equipment 353,891 _ 18,050 - 371,941
<br /> Total accumulated depreciation 5,582,129 437,091 6,019,220
<br /> Total capital assets being
<br /> Idepreciated, net 9,154,520 (86,644) - 9,067,876
<br /> Capital assets, net $ 9,525,128 $ (86,644) $ - $ 9,438,484
<br /> I Depreciation expense of $514 389 and 437 091 for the years ended December 31
<br /> p p $437,091 Y 31,
<br /> 2010 and 2009, respectively, was charged to water and sewer operations.
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