District of Lake Country Notes to Financial Statements For the year ended December 31 , 2015
9 . Long-term debt ( continued ) The principal repayments on long-term debt required in each of the next five years are as follows :
2016 2017 2018 2019 2020
General Fund $ 285,780 $ 285,780 $ 285,780 $ 285,780 $ 285,780 Water Fund 256,767 258,092 128,202 108,886 110,363 Sewer Fund 316,206 316,206 316,206 316,206 316,206
$ 858,753 $ 860,078 $ 730,188 $ 710,872 $ 712,349
10 . Tangible capital assets Tangible capital assets consist of the following :
Net book value
Net book value 2015 2014
Tangible capital assets ( Schedule 1 ) Land |
$
23,443,895
|
$
20,763,197
|
Land improvements |
3,098,833 |
3,069,442 |
Buildings |
19,464,291 |
18,491,489 |
Furniture & equipment |
967,476 |
1,038,390 |
Vehicle & machinery |
2,368,593 |
2,223,025 |
IT infrastructure |
123,546 |
146,687 |
Engineering structures Water |
28,274,131 |
26,351,388 |
Sewer |
12,551,660 |
12,437,040 |
Roads |
23,284,302 |
22,990,067 |
Environmental & other |
3,449,488 |
3,552,457 |
Work-in-progress |
1,947,636 |
1,101,862 |
|
$
118,973,851
|
$
112,165,044
|
Contributed tangible capital assets received in 2015 from developers and recorded in the financial statements is $ 1,683,199 ( 2014 - $ 4,633,941 ).
- 15 - 2015 Annual Report 86 | Page