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Capital assets
<br />being depreciated:
<br />Building
<br />Improvements other than
<br />buildings
<br />Machinery & equipment
<br />Roads
<br />Totals
<br />Less accumulated
<br />depreciation for:
<br />Buildings
<br />Improvements other than
<br />buildings
<br />Machinery & equipment
<br />Roads
<br />Totals
<br />Total capital assets, being
<br />depreciated, net
<br />Total activity capital
<br />assets, net
<br />City of South Bend's Capital Assets (Continued)
<br />Governmental Business-type
<br />Activities Activities Total
<br />2005 2006 2005 2006 2005 2006
<br />102,625,262 102,679,770 92,513,376 92,509,056 195,138,638 195,188,826
<br />8,713,737 9,450,060
<br />37,623,047 38,555,497
<br />360,945,625 366,085,762
<br />509,907,671 516,771,089
<br />22,006,922 23,268,734
<br />4,489,950
<br />18,890,331
<br />190,339,299
<br />235,726,502
<br />88,019,697 91,700,161 96,733,434 101,150,221
<br />43,446,609 44,026,474 81,069,656 82,581,971
<br />0 0 360,945,625 366,085,762
<br />223,979,682 228,235,691 733,887,353 745,006,780
<br />30,768,132 32,983,954 52,775,054 56,252,688
<br />4,852,946 19,158,662 20,749,345 23,648,612 25,602,291
<br />21,283,375 28,018,301 29,693,886 46,908,632 50,977,261
<br />199,415,476 0 0 190,339,299 199,415,476
<br />248,820,531 77,945,095 83,427,185 313,671,597 332,247,716
<br />274,181,169 267,950,558 146,034,587 144,808,506 420,215,756 412,759,064
<br />$291,960,293 $281,074,888 $152,993,751 $160,195,768 $444,954,044 $441,270,656
<br />Duringg 2006, the City Implemented GASB Statement No. 34 for retroactive reporting of infrastructure
<br />capitaI.assets. The above cost and accumulated depreciation for Roads in 2005 and 2006 have been adjusted
<br />accordingly.
<br />Debt Administration. At December 31, 2006, the City had a number of debt issues outstanding.
<br />The following is a summary of outstanding debt transactions during 2006:
<br /> Beginning Ending
<br />Type Balance Additions Reductions Balance
<br />General Obligation $320,000 -0 $320,000 -0-
<br />Revenue Bonds 120,215,000 22,220,000 15,645,000 126,790,000
<br />Mortgage Bonds 30,010,037 -0-- 1,700,598 28,309,439
<br />Notes/Loans 30,291,729 3,262,691 2,537,435 31,016,985
<br />Capital Leases 5,164,660 1,127,036 1,234,915 5,056,781
<br />Total 186 $26,609.727 21,4 $191,173.205
<br />During 2006, the City issued revenue bonds for improvements at the Wastewater Utility
<br />($7,630,000) and Water Utility ($4,710,000). The new capital lease of $1,127,036 dunng,2006
<br />was used for the purchase of police patrol and other vehicles. During 2006, the City also Issued
<br />Economic Development Income Tax refunding bonds for $7,440,000 at the Leighton Parking
<br />30
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