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Cabarrus County, North Carolina
<br />Notes to the Financial Statements
<br />For the Year Ended June 30, 2012
<br />E. Capital Assets
<br />Capital asset activity for the year ended June 30, 2012:
<br />1. Primary Government
<br />Total Capital Assets, being depreciated, net
<br />Governmental Capital Assets, net
<br />133,558,439 (4,231,856) (44,490) 3,456,452 132,738,545
<br />$ 218,925,235 $ (1,809,858) $ (57,047) $ - $ 217,058,330
<br />Depreciation expense was charged to function /programs of the primary government as follows:
<br />Governmental activities
<br />General Government
<br />Beginning
<br />Public Safety
<br />3,042,264
<br />Environmental Protection
<br />Ending
<br />Economic & Physical Dev
<br />Balance
<br />Increases
<br />Decreases
<br />Transfers
<br />Balance
<br />Governmental activities:
<br />6.302.501
<br />Capital Assets not being depreciated:
<br />Land
<br />$ 24,009,781 $
<br />-
<br />$ -
<br />$ -
<br />$ 24,009,781
<br />Construction in Progress
<br />61,357,015
<br />2,421,998
<br />(12,557)
<br />(3,456,452)
<br />60,310,004
<br />Total capital assets not being depreciated
<br />85,366,796
<br />2,421,998
<br />(12,557)
<br />(3,456,452)
<br />84,319,785
<br />Capital Assets being depreciated:
<br />Buildings
<br />105,815,233
<br />-
<br />-
<br />705,418
<br />106,520,651
<br />Building Improvements
<br />15,974,062
<br />257,007
<br />-
<br />1,895,025
<br />18,126,094
<br />Equipment
<br />13,047,946
<br />1,057,908
<br />(19,996)
<br />443,114
<br />14,528,972
<br />Furniture and Fixtures
<br />821,892
<br />-
<br />-
<br />-
<br />821,892
<br />Land Improvements
<br />7,407,711
<br />-
<br />-
<br />155,383
<br />7,563,094
<br />Vehicles
<br />8,644,227
<br />755,730
<br />(411,050)
<br />257,512
<br />9,246,419
<br />Reservoir
<br />21,743,730
<br />-
<br />-
<br />-
<br />21,743,730
<br />Total capital assets being depreciated
<br />173,454,801
<br />2,070,645
<br />(431,046)
<br />3,456,452
<br />178,550,852
<br />Beginning
<br />Ending
<br />Balance
<br />Increases
<br />Decreases
<br />Transfers
<br />Balance
<br />Less accumulated depreciation for:
<br />Buildings
<br />18,711,269
<br />2,656,123
<br />-
<br />-
<br />21,367,392
<br />Building Improvements
<br />3,194,135
<br />430,634
<br />-
<br />-
<br />3,624,769
<br />Equipment
<br />8,461,097
<br />1,544,439
<br />(19,996)
<br />-
<br />9,985,540
<br />Furniture and Fixtures
<br />723,396
<br />40,138
<br />-
<br />-
<br />763,534
<br />Land Improvements
<br />3,125,143
<br />419,542
<br />-
<br />-
<br />3,544,685
<br />Vehicles
<br />5,354,840
<br />1,189,859
<br />(366,560)
<br />-
<br />6,178,139
<br />Reservoir
<br />326,482
<br />21,766
<br />-
<br />-
<br />348,248
<br />Total accumulated depreciation
<br />39,896,362
<br />6,302,501
<br />(386,556)
<br />-
<br />45,812,307
<br />Total Capital Assets, being depreciated, net
<br />Governmental Capital Assets, net
<br />133,558,439 (4,231,856) (44,490) 3,456,452 132,738,545
<br />$ 218,925,235 $ (1,809,858) $ (57,047) $ - $ 217,058,330
<br />Depreciation expense was charged to function /programs of the primary government as follows:
<br />Governmental activities
<br />General Government
<br />$ 1,168,419
<br />Public Safety
<br />3,042,264
<br />Environmental Protection
<br />21,766
<br />Economic & Physical Dev
<br />27,737
<br />Human Services
<br />845,203
<br />Culture & Recreation
<br />1,197,112
<br />Total depreciation expense - governmental activities
<br />6.302.501
<br />53 Attachment number 1
<br />1 -3 Page 309
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