Page 16 - 2017-MVU-AnnualReport

Captial Assets
JUNE 30, 2017

CAPITAL ASSETS
FINANCIALS Non-Depreciable Assets Balance $ 9,110,969 Deletions $ 12,250,250
Schedule of Changes
The following is a schedule of changes in business-type activities capital assets for the year ended June 30,
2017.

Additions
Balance
(July 1, 2017)
(July 1, 2016)
$ 1,729,408
$ 1,729,408
Land
$ 10,520,842
$ 1,409,873
Construction in progress
$ 3,139,281
$ 9,110,969
Total Non-Depreciable Assets
Depreciable Assets
$ 1,016,758
Furniture and equipment
$ 44,967,111
$ 44,967,111
Infrastructure
$ 391,739
$ 45,592,130
Total Depreciable Assets
Less Accumulated Depreciation $ 625,019 $ 391,739 $ 45,983,869
Furniture and equipment ($ 325,000) ($ 42,559) ($ 367,559)
Infrastructure ($ 7,513,431) ($ 1,059,989) ($ 8,573,420)
Total Accumulated Depreciation ($ 7,838,431) ($ 1,102,548) ($ 8,940,979)
Total Depreciable Assets, Net of
Accumulated Depreciation $ 37,753,699 ($ 710,809) $ 37,042,890
Total Net Capital Assets $ 40,892,980 $ 8,400,160 $ 49,293,140
Depreciation expense for business-type activities was charged as follows:
Electric Utility: $ 1,102,548