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<br /> CITY OF LA PORTE, TEXAS
<br /> Notes to the Financial Statements
<br /> September 30, 2008
<br />4. Capital Assets
<br /> Capital asset activity for the year ended September 30, 2008 was as follows:
<br /> Beginning Ending
<br /> Balance Retirements & Balance
<br /> 10/01/07 Additions Adjustments 09/30/08
<br /> Governmental activities:
<br /> Capital assets, not being depreciated:
<br /> Land $ 7,925,969 $ $ 182,787 $ 8,108,756
<br /> Construction in progress 18,558,413 781,311 (17,286,734) 2,052,990
<br /> Total capital assets, not being depreciated 26,484,382 781,311 (17,103,947) 10,161,746
<br /> Capital assets, being depreciated:
<br /> Buildings and improvements 18,187,994 178,134 12,435,116 30,801,244
<br /> Improvements other than buildings 7,649,693 452,594 63,093 8,165,380
<br /> I nfrastructu re 26,957,309 1,340,418 3,379,842 31,677,569
<br /> Machinery and equipment 13,672,415 573,332 (310,113) 13,935,634
<br /> Total capital assets being depreciated 66,467,411 2,544,478 15,567,938 84,579,827
<br /> Less accumulated depreciation for:
<br /> Buildings 10,677,922 1,042,435 11,720,357
<br /> Improvements other than buildings 5,078,662 318,070 5,396,732
<br /> Machinery and equipment 8,697,942 999,063 (262,839) 9,434,166
<br /> I nfrastructu re 15,769,849 1,288,605 17,058,454
<br /> Total accumulated depreciation 40,224,375 3,648,173 (262,839) 43,609,709
<br /> Total capital assets, being depreciated, net 26,243,036 (1,103,695) 15,830,777 40,970,118
<br /> Governmental activities capital assets, net $ 52,727,418 $ (322,384) $ (1,273,170) $51,131,864
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