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CITY OF
<br />LA PORTE, TEXAS
<br />Notes to the Financial Statements - Continued
<br />September 30, 2004
<br />4. Capital Assets
<br />Capital asset activity for the year ended September 30, 2004 was as follows:
<br />Beginning
<br />Ending
<br />Balance
<br />Retirements &
<br />Balance
<br />10/01/03
<br />Additions
<br />Adjustments
<br />09/30/04
<br />Governmental activities:
<br />Capital assets, not being depreciated:
<br />Land
<br />$ 7,128,945
<br />$ 552,394
<br />$ -
<br />$ 7,681,339
<br />Construction in progress
<br />1,900,979
<br />2,955,199
<br />(21,754)
<br />4,834,424
<br />Total capital assets, not being depreciated
<br />9,029,924
<br />3,507,593
<br />(21,754)
<br />12,515,763
<br />Capital assets, being depreciated:
<br />Buildings and improvements
<br />17,889,014
<br />-
<br />(44,202)
<br />17,844,812
<br />Improvements other than buildings
<br />7,174,952
<br />16,320
<br />-
<br />7,191,272
<br />Infrastructure
<br />23,069,816
<br />320,514
<br />-
<br />23,390,330
<br />Machinery and equipment
<br />12,177,344
<br />1,361,484
<br />(1,347,229)
<br />12,191,599
<br />Total capital assets being depreciated
<br />60,311,126
<br />1,698,318
<br />(1,391,431)
<br />60,618,013
<br />Less accumulated depreciation for:
<br />Buildings
<br />7,516,476
<br />892,731
<br />(2,668)
<br />8,406,539
<br />Improvements other than buildings
<br />3,779,703
<br />358,468
<br />-
<br />4,138,171
<br />Machinery and equipment
<br />6,830,709
<br />1,164,641
<br />(1,037,759)
<br />6,957,591
<br />Infrastructure
<br />11,508,183
<br />994,671
<br />-
<br />12,502,854
<br />,
<br />Total accumulated depreciation
<br />29,635,071
<br />3,410,511
<br />(1,040,427)
<br />32,005,155
<br />Total capital assets, being depreciated, net
<br />30,676,055
<br />(1,712,193)
<br />(351,004)
<br />28,612,858
<br />,
<br />Governmental activities capital assets, net
<br />$ 39,705,979
<br />$ 1,795,400
<br />$ (372,758)
<br />$ 41,128,621
<br />56
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