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City of Louisville
<br />Notes to the Financial Statements
<br />December 31, 2014
<br />Note 6: Capital assets (continued)
<br />B. Business -type activities
<br />A summary of changes in capital assets for the year ended December 31, 2014 is
<br />as follows:
<br />Balance at Reclassesl Balance at
<br />01/01114 Adjustments Additions Deletions 12131/2014
<br />Capital assets not being depreciated:
<br />Land S 3.585.382 S - S 13.598 S $ 3.598.980
<br />Water rights 31,340,150 - 31,340,150
<br />Construction in progress 1.197.587 (391.481) 8,345.370 9.151.476
<br />Total capital assets not being depreciated 36,123.119
<br />(391,481) 8,358.968 44.090.606
<br />Other capital assets:
<br />Buildings 1,202.671 - 15,917
<br />Infrastructure improvements 64.876,338 125.485 2,834.463
<br />Machinery and equipment 3.029.144 - 144.204
<br />(17,757)
<br />1.218.588
<br />67,836,286
<br />3.155.591
<br />Total other capital assets at historical cost 69,108.153 125.485 2,994,584 (17,757) 72,210.465
<br />Less accumulated depreciation for:
<br />Buildings (622,045) - (46,508) (668.553)
<br />Infrastructure improvments (28,807,618) (629) (1,300,621) - (30,108,868)
<br />Machinery and equipment (1,429.261) - (240.318) 17,757 (1,651.822)
<br />Total accumulated depreciation (30,858,924) (629) (1,587,447) 17,757 (32,429.243)
<br />Other capital assets. net 38.249.229 124.856 1,407,137 39.781,222
<br />Business -type activities capital assets, net $74,372,348 $ (266,625) $9,766,105 $ - $ 83,871,828
<br />Depreciation expense was charged to functions as follows:
<br />Business -type activities:
<br />Water & Wastewater $1,538,399
<br />Golf 49.048
<br />Total Business -type activities depreciation expense $1,587.447
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