city of Newnan ,Georgia audit report for the year ended December 31, 2008_part5

Tham khảo tài liệu 'city of newnan ,georgia audit report for the year ended december 31, 2008_part5', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | CITY OF NEWNAN GEORGIA NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31 2008 CONTINUED Beginning Balance Increases Decreases Reclassifications Ending Balance Component Unit Capital assets not being depreciated Land Construction in progress 6 974 052 5 616 383 823 519 8 732 489 - 4 478 480 - 7 797 571 9 870 392 Total capital assets not being depreciated 12 590 435 9 556 008 4 478 480 - 17 667 963 Capital assets being depreciated Machinery and equipment Structures lines and improvements 23 016 455 184 073 873 1 009 636 3 308 941 10 217 489 52 196 317 338 066 338 066 13 470 536 135 524 563 Total capital assets being depreciated 207 090 328 4 318 577 62 413 806 - 148 995 099 Less accumulated depreciation for Machinery and equipment Structures lines and improvements 17 086 649 55 539 187 1 302 928 4 883 829 6 763 520 21 365 148 4 480 857 4 480 857 7 145 200 43 538 725 Total accumulated depreciation 72 625 836 6 186 757 28 128 668 - 50 683 925 Total capital assets being depreciated net 134 464 492 1 868 180 34 285 138 98 311 174 Component unit capital assets net 147 054 927 7 687 828 38 763 618 - 115 979 137 C. Component Unit Special Item - Sale of Digital Services Assets On April 21 2008 the Commission completed the sale of Digital Services assets to HC Cable Opco LLC for 70 million. The sale transaction resulted in a gain of 24 306 632 included as a special item in the accompanying statement of activities . D. Interfund Receivables Payables and Transfers The composition of interfund balances as of December 31 2008 is as follows Receivable Fund Payable Fund Amount General Fund Nonmajor Governmental Fund 34 678 Nonmajor Governmental Fund General Fund 4 512 39 190 Interfund receivables of the general fund consist of amounts due the general fund at year-end from the hotel motel tourism enhancement special revenue fund. Interfund payables of the general fund consist of amounts due the confiscated assets fund relative to forfeitures received at year-end. This is trial version .