City of Oakwood, Ohio
Notes to the Basic Financial Statements
For The Fiscal Year Ended December 31, 2024
Note 4 – Capital Assets
Capital asset activity for the year ended December 31, 2024 was as follows:
Scroll horizontally to view all capital asset columns.
| Beginning Balance |
Additions | Deletions | Ending Balance |
|
|---|---|---|---|---|
| Governmental Activities | ||||
| Capital Assets, not being depreciated: | ||||
| Land | $5,205,477 | $0 | $0 | $5,205,477 |
| Construction in Progress | 968,973 | 1,725,773 | 2,694,746 | 0 |
| Capital Assets, being depreciated: | ||||
| Buildings and Improvements | 19,029,513 | 292,983 | 0 | 19,322,496 |
| Equipment and Vehicles | 6,820,816 | 702,185 | 113,450 | 7,409,551 |
| Infrastructure | 41,516,443 | 3,707,922 | 0 | 45,224,365 |
| Totals at Historical Cost | 73,541,222 | 6,428,863 | 2,808,196 | 77,161,889 |
| Less Accumulated Depreciation: | ||||
| Buildings and Improvements | 11,531,450 | 650,539 | 0 | 12,181,989 |
| Equipment and Vehicles | 3,959,745 | 383,612 | 112,870 | 4,230,487 |
| Infrastructure | 21,926,556 | 1,175,028 | 0 | 23,101,584 |
| Total Accumulated Depreciation | 37,417,751 | 2,209,179 | 112,870 | 39,514,060 |
| Governmental Activities Total Capital Assets, Net | $36,123,471 | $4,219,684 | $2,695,326 | $37,647,829 |
Depreciation expense was charged to governmental functions as follows:
| General Government | $551,302 |
| Public Safety | 113,109 |
| Leisure Time | 96,720 |
| Community Development | 90,199 |
| Transportation | 1,137,239 |
| Internal Service | 220,610 |
| Total Depreciation Expense | $2,209,179 |
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