Comprehensive Annual Financial Report June 30, 2011 - Western ...

WESTERN VIRGINIA WATER AUTHORITY
Notes to Financial Statements
as of June 30, 2011 and 2010 (Continued)
Note 3—Capital Assets: (Continued)
Capital asset activity for the year ended June 30, 2010 was as follows:
Beginning
Ending
Balance Increases Decreases Balance
Water Fund:
Capital assets, not being depreciated:
Land $ 19,982,624 $ 3,547 $ - $ 19,986,171
Construction in progress 6,133,058 9,874,937 4,882,018 11,125,977
Total capital assets, not being depreciated $ 26,115,682 $ 9,878,484 $ 4,882,018 $ 31,112,148
Capital assets, being depreciated:
Structures, lines and accessories $ 337,842,937 $ 6,879,062 $ 298,836 $ 344,423,163
Machinery and equipment 3,427,031 275,455 13,472 3,689,014
Total capital assets, being depreciated $ 341,269,968 $ 7,154,517 $ 312,308 $ 348,112,177
Less accumulated depreciation for:
Structures, lines and accessories $ (32,375,840) $ (6,738,180) $ (76,302) $ (39,037,718)
Machinery and equipment (1,229,798) (343,567) (13,472) (1,559,893)
Total accumulated depreciation $ (33,605,638) $ (7,081,747) $ (89,774) $ (40,597,611)
Total capital assets, being depreciated, net $ 307,664,330 $ 72,770 $ 222,534 $ 307,514,566
Total Water Fund $ 333,780,012 $ 9,951,254 $ 5,104,552 $ 338,626,714
Water Pollution Control Fund:
Capital assets, not being depreciated:
Land $ 2,837,993 $ 2,760 $ 18,000 $ 2,822,753
Construction in progress 4,867,277 5,413,873 6,363,237 3,917,913
Total capital assets, not being
depreciated $ 7,705,270 $ 5,416,633 $ 6,381,237 $ 6,740,666
Capital assets, being depreciated:
Structures, lines and accessories $ 324,791,639 $ 7,850,512 $ - $ 332,642,151
Machinery and equipment 3,301,488 313,960 - 3,615,448
Total capital assets, being depreciated $ 328,093,127 $ 8,164,472 $ - $ 336,257,599
Less accumulated depreciation for:
Structures, lines and accessories $ (30,006,920) $ (7,124,260) $ - $ (37,131,180)
Machinery and equipment (1,584,572) (295,581) - (1,880,153)
Total accumulated depreciation $ (31,591,492) $ (7,419,841) $ - $ (39,011,333)
Total capital assets, being depreciated, net $ 296,501,635 $ 744,631 $ - $ 297,246,266
Total Water Pollution Control Fund $ 304,206,905 $ 6,161,264 $ 6,381,237 $ 303,986,932
Total Authority Capital Assets $ 637,986,917 $ 16,112,518 $ 11,485,789 $ 642,613,646
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