Page 31 - MVU Annual Report 2017/18

city of moreno valley, california
Capital Assets
Schedule of Changes
The following is a schedule of changes in business-type
activities capital assets for the year ended June 30, 2018:

Balance
July 1, 2017 Additions Deletions Balance
Non-Depreciable Assets:

LAND $1,729,408 $ - $1,729,408
Construction in progress 10,520,844 6,026,824 (11,984,590) 4,563,078
Total Non-Depreciable Assets 12,250,252 6,026,824 (11,984,590) 6,292,486

DEPRECIABLE ASSETS:
Furniture and Equipment 1,016,758 88,446 - 1,105,204
Infrastructure 44,967,109 14,957,983 - 59,925,092
Total Depreciable Assets 45,983,867 15,046,429 - 61,030,296

LESS ACCUMULATED
DEPRECIATION:
Furniture and Equipment (367,559) (56,599) - (424,158)
Infrastructure (8,573,420) (1,179,812) - (9,753,232)
Total Accumulated Depreciation (8,940,979) (1,236,411) - (10,177,390)
TOTAL DEPRECIABLE ASSETS, NET 37,042,888 13,810,018 - 50,852,906

TOTAL NET CAPITAL ASSETS $49,293,140 $19,836,842 $(11,984,590) $57,145,392

Depreciation expense for business-type activities was charged as follows: Electric Utility - $1,236,411

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