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City of Paris, Texas
<br />Notes to Financial Statements
<br />September 30, 2011
<br />IV. Detailed Notes on All Funds and Component Unit (Continued)
<br />C. Capital Assets (Continued)
<br />Balance
<br />Balance
<br />September 30,
<br />September 30,
<br />2010
<br />Increases
<br />Decreases
<br />2011
<br />Business-Type Activities
<br />Capital Assets, Not being Depreciated:
<br />Land
<br />$ 339,620
<br />$ -
<br />$ -
<br />$ 339,620
<br />Construction in Process
<br />1,053,876
<br />755,178
<br />1,276,501
<br />532,553
<br />Total Capital Assets,
<br />Not Being Depreciated
<br />1,393,496
<br />755,178
<br />1,276,501
<br />872,173
<br />Capital Assets, Being Depreciated:
<br />Plant, Pumps, and Motors
<br />32,475,478
<br />163,069
<br />-
<br />32,638,547
<br />Distribution System
<br />36,980,361
<br />1,272,940
<br />-
<br />38,253,301
<br />Collection System
<br />223293,694
<br />24,550
<br />-
<br />22,318,244
<br />Maintenance, Equipment and Vehicles
<br />2,612,009
<br />31,644
<br />69,143
<br />2,574,510
<br />Furniture and Equipment
<br />244,222
<br />-
<br />-
<br />244,222
<br />Total Capital Assets,
<br />Being Depreciated
<br />94,605,764
<br />1,492,203
<br />69,143
<br />96,028,824
<br />Less Accumulated Depreciation for:
<br />Plants, Pumps, and Motors
<br />22,086,915
<br />1,053,375
<br />-
<br />23,140,290
<br />Distribution System
<br />17,585,757
<br />1,104,501
<br />-
<br />18,690,258
<br />Collection System
<br />12,432,005
<br />704,888
<br />-
<br />13,136,893
<br />Maintenance Equipment and Vehicles
<br />2,028,995
<br />182,607
<br />69,143
<br />2,142,459
<br />Furniture and Equipment
<br />244,222
<br />-
<br />-
<br />244,222
<br />Total Accumulated Depreciation
<br />54,377,894
<br />3,045,371
<br />69,143
<br />57,354,122
<br />Total Capital Assets,
<br />Being Depreciated, Net
<br />40,227,870
<br />(1,553,168)
<br />-
<br />38,674,702
<br />Business-Type Activities,
<br />Capital Assets, Net
<br />41,621,366
<br />(797,990)
<br />1,276,501
<br />39,546,875
<br />Intangible Asset - Water Rights
<br />1,293,880
<br />2,819,239
<br />-
<br />4,113,119
<br />Less Accumulated Amortization
<br />515,077
<br />34,807
<br />-
<br />549,884
<br />Total Intangible Asset -
<br />Water Rights, Net
<br />778,803
<br />2,784,432
<br />-
<br />3,563,235
<br />Total Capital and Intangible Assets
<br />$ 42,400,169
<br />$ 1,986,442
<br />$ 1,276,501
<br />$ 43,110,110
<br />Component Unit
<br />Capital Assets, Not Being Depreciated:
<br />Land Development Costs $ 1,644,760 $ 11,012 $ - $ 1,655,772
<br />38
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