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CITY OF LA PORTE, TEXAS
<br />NOTES TO THE FINANCIAL STATEMENTS (continued)
<br />Note 5 - Capital Assets
<br />A summary of activity for capital assets capitalized by the City for the year ended September 30, 2014
<br />follows:
<br />Balance
<br />Balance
<br />SeptemberReclassification/ September 30,
<br />30, 2013Increases(Decreases)2014
<br />Governmental Activities:
<br />Capital assets not being depreciated:
<br />Land 9,471,718$ 84,481$ 9,556,199$
<br />Construction in progress12,856,9182,510,189 (3,626,946) 11,740,161
<br /> Total capital assets not
<br /> being depreciated
<br /> 2,594,67022,328,636 (3,626,946) 21,296,360
<br />Other capital assets:
<br />Buildings and improvements33,514,649532,880 3,040,621 37,088,150
<br />Improvements other than buildings24,689,9091,042,985 (560,002) 25,172,892
<br />Infrastructure39,742,061334,077 (38,843) 40,037,295
<br />Machinery and equipment18,140,7663,364,894 (1,076,587) 20,429,073
<br />Total other capital assets116,087,385 5,274,836 1,365,189 122,727,410
<br />Less accumulated depreciation for:
<br />Buildings and improvements(16,847,721)(1,302,866) 312,898 (17,837,689)
<br />Improvements other than buildings(10,439,992)(717,166) 9,878 (11,147,280)
<br />Infrastructure(24,269,606)(1,530,644) 23,140 (25,777,110)
<br />Machinery and equipment(10,429,138)(1,429,190) 1,132,999 (10,725,329)
<br />Total accumulated depreciation(61,986,457) (4,979,866) 1,478,915 (65,487,408)
<br />Other capital assets, net54,100,928 294,970 2,844,104 57,240,002
<br />$ 2,889,64076,429,564$ (782,842)$ 78,536,362$
<br />Totals
<br />Balance Balance
<br />September Reclassification/ September 30,
<br />30, 2013 Increases (Decreases)2014
<br />Business-type Activities:
<br />Capital assets not being depreciated:
<br />Land427,812$ $ -$ 427,812-$
<br /> 106,088
<br />Construction in progress4,072,479 177,974(4,000,593)
<br /> Total capital assets not
<br /> being depreciated
<br /> 106,0884,500,291 (4,000,593) 605,786
<br />Other capital assets:
<br /> --
<br />Buildings and improvements57,62057,620
<br />Improvements other than buildings86,265,195 408,955 87,942,8031,268,653
<br /> 2,629,841236,424
<br />Machinery and equipment688,9493,555,214
<br />Total other capital assets87,011,764 645,379 3,898,494 91,555,637
<br />Less accumulated depreciation for:
<br />Buildings and improvements(49,888) -(551) (49,888)
<br />3/5/2015
<br />Improvements other than buildings (2,757,937)(50,880,619) 80,847 (53,597,352)
<br />(50,880,619)(50,880,619)(50,880,619)
<br />Improvements other than buildingsImprovements other than buildings (2,757,937) (2,757,937) (2,757,937) (2,757,937) 80,847 80,847
<br />(50,880,619)
<br />Machinery and equipment (39,090)(428,655) - (428,655)
<br />Machinery and equipmentMachinery and equipment(428,655)(428,655) (39,090) (39,090)
<br /> (39,090) (39,090) -
<br />
<br />Draft Draft 3/5/20153/5/20153/5/20153/5/20153/5/20153/5/2015
<br />Total accumulated depreciation (51,359,162) (2,797,578) 80,847 (54,075,895)
<br />Total accumulated depreciation (51,359,162)Total accumulated depreciation (51,359,162)Total accumulated depreciation (51,359,162)Total accumulated depreciation (51,359,162)Total accumulated
<br /> depreciation (51,359,162)Total accumulated depreciation (51,359,162) (2,797,578) (2,797,578)80,84780,847
<br /> Total capital assets being
<br /> depreciated, net
<br /> (2,152,199)35,652,602 3,979,341 37,479,742
<br />Totals
<br />$ (2,046,111)40,152,893$ (21,252)$ 38,085,528$
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