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City of Louisville
<br />Notes to the Financial Statements
<br />December 31, 2014
<br />Note 5: Inter -fund receivables/payables, advances, and transfers (continued)
<br />During 2014, the Building Maintenance Fund transferred the remaining amount of
<br />its working capital to the Capital Projects Fund to help fund capital projects.
<br />Note 6: Capital assets
<br />A. Governmental Activities
<br />A summary of changes in capital assets for the year ended December 31, 2014 is
<br />as follows:
<br />Capital assets not being depreciated:
<br />Land and Easements
<br />Construction in progress
<br />Balance at Reclassesl Balance at
<br />01101/14 Adjustments Additions Deletions 12/31/2014
<br />831.747.227 $ - 51,374.997 5
<br />2,868,093 (1.010,702) 2,786,830
<br />$ 33.122.224
<br />4,644,221
<br />Total capital assets, not being depreciated 34.615.320 (1.010.702) 4.161.827 37.766.445
<br />Other capital assets:
<br />Buildings 23,384,005 198,371 514,434
<br />Infrastucture improvements 86.078.363 670,497 3.898.469 -
<br />Machinery and equipment 6,708,516 91.555 838,912 (557,155)
<br />Total other capital assets at historical cost 116,170,884 960,423 5,251,815 (557,155)
<br />24,096,810
<br />90.647.329
<br />7,081,828
<br />121,825,967
<br />Less accumulated depreciation for:
<br />Buildings (7,942,401) (5,158) (765,744) (8,713,303)
<br />Infrastructure improvements (44.115.886) 23,396 (2.471.581) - (46.564.071)
<br />Machinery and equipment (3,983,182) (18.227) (533,401) 521,844 (4,012,966)
<br />Total accumulated depreciation (56.041.469) 11 (3,770,726) 521,844 (59.290.340)
<br />Other capital assets. net
<br />60.129.415 960.434 1.481,089 (35,311) 62.535.627
<br />Governmental activities capital assets, net $ 94,744,735 $ (50,268) $ 5,642,916 $ (35,311) $100,302,072
<br />Depreciation expense was charged to functions as follows:
<br />Governmental activities:
<br />General government 109,578
<br />Finance 784
<br />Police 90.685
<br />Public works 2.340.063
<br />Planning 45.435
<br />Library 99,420
<br />Parks and recreation 852,117
<br />In addition. depreciation on capital assets held by the
<br />City's internal service funds (see Exhibit 5) is charged
<br />to the various functions based on the percentage of
<br />contribution to the fund. 232.644
<br />Total governmental activities depreciation expense $ 3,770,726
<br />53
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