Comprehensive Annual Financial Report (CAFR) - Johnson City

CITY OF JOHNSON CITY 2 TENNESSEENOTES TO THE FINANCIAL STATEMENTSFor the Fiscal Year Ended June 30 2 20116. NOTES OF THE DISCRETELY PRESENTED COMPONENT UNIT (CONTINUED):A. Johnson City Public Library (continued)3. Capital AssetsGovernmental Activities:BeginningEndingBalance Increase Decrease BalanceCapital Assets, Not Being Depreciated:Book Collection $1,138,049 1,138,049Capital Assets, Being Depreciated:Equipment 180,447 . 51,262 (28,340) 203,369Furniture 479,447 (34,120) 445,327Total Capital Assets, Being Depreciated 659,894 51,262 (62,460) 648,696Less Accumulated Depreciation for:Equipment (93,411) (31,931) 28,340 (97,002)Furniture (479,447) 34,120 (445,327)Total Accumulated Depreciation (572,858) (31,931) 62,460 (542,329)Total Capital Assets,Being Depreciated, Net 87,036 19,331 0 106,367Governmental Activities,Capital Assets, Net $1,225,085 19,331 0 1,244,416Depreciation expense of $31,931 was charged in the statement of activities.Capital assets are classified by three funding sources. General Fund asset purchases and purchases fromgrant funds. Capital asset purchases made with grant funds are usually for computer equipment paid forwith funds received from the LSTA Grants. All capital assets that were not purchased with the use ofgrant funds are considered to be purchased from general funds.129