|
following the required supplementary information on pensions. Combining and
<br />individual fund statements and schedules can be found on pages 72 -89 of this report.
<br />Government -wide Financial Analysis
<br />As noted earlier, net assets may serve over time as a useful indictor of a government's
<br />financial position. In the case of the City of Roseville, assets exceeded liabilities by
<br />$164,834,588 at the close of the most recent fiscal year.
<br />By far the largest portion of the City of Roseville's net assets (75% percent) reflects its
<br />investment in capital assets (e.g. land, buildings, machinery, and equipment) less any
<br />related debt used to acquire those assets that is still outstanding. The City of Roseville
<br />uses these capital assets to provide services to citizens; consequently, these assets are not
<br />available for future spending. Although the City of Roseville's investment in its capital
<br />assets is reported net of related debt, it should be noted that the resources needed to repay
<br />this debt must be provided from other sources, since the capital assets themselves cannot
<br />be used to liquidate these liabilities.
<br />CITY OF ROSEVILLE' S NET ASSETS
<br />A portion of the of the City of Roseville's net assets represents resources that are subject
<br />to external restrictions on how they may be used. The remaining balance of unrestricted
<br />net assets ($26,598,426) may be used to meet the City's ongoing obligations to citizens
<br />and creditors.
<br />At the end of the current fiscal year, the City of Roseville is able to report positive
<br />balances in all three categories of net assets, both for the government as a whole, as well
<br />as for its separate governmental and business -type activities.
<br />16
<br />Governmental
<br />Activities
<br />2001
<br />Governmental
<br />Activities
<br />2002
<br />Business-
<br />Type
<br />2001
<br />Business -
<br />Type
<br />2002
<br />Total
<br />2001
<br />Total
<br />2442
<br />Current and other
<br />Assets
<br />$3719297521
<br />$35,6241801
<br />$9,6611215
<br />$879785680
<br />$47,590,736
<br />$4436035481
<br />Capital assets
<br />10690531644
<br />1 0417293805
<br />27,622,610
<br />2659727178
<br />13 3,676,254
<br />131,7019983
<br />Total assets
<br />143,9835165
<br />1401354,606
<br />379283,825
<br />35,9505858
<br />1813266,990
<br />1765305,464
<br />Long -term liabilities
<br />outstandin
<br />85103,867
<br />871161048
<br />-
<br />-
<br />775607040
<br />8,1 16,048
<br />Other liabilities
<br />7,183,416
<br />117459474
<br />175181714
<br />156099353
<br />95245,977
<br />3,3549827
<br />Total liabilities
<br />15,287,283
<br />91861,522
<br />155183714
<br />19609,353
<br />165805,997
<br />111470,875
<br />Net assets:
<br />Invested in capital
<br />Assets net of related
<br />debt
<br />9351833644
<br />96,6133757
<br />2716221610
<br />265972,178
<br />1205806,254
<br />12311585,935
<br />Restricted
<br />450603495
<br />15,9251108
<br />-
<br />-
<br />4,0605495
<br />15,925,148
<br />Unrestricted
<br />3114515743
<br />17,9545219
<br />871421501
<br />713695326
<br />391594,244
<br />25,3235455
<br />Total net assets
<br />$128055882
<br />$130,493,084
<br />1 $35,765,111
<br />$34,3415504
<br />1 $16434603993
<br />1 $16418343588
<br />A portion of the of the City of Roseville's net assets represents resources that are subject
<br />to external restrictions on how they may be used. The remaining balance of unrestricted
<br />net assets ($26,598,426) may be used to meet the City's ongoing obligations to citizens
<br />and creditors.
<br />At the end of the current fiscal year, the City of Roseville is able to report positive
<br />balances in all three categories of net assets, both for the government as a whole, as well
<br />as for its separate governmental and business -type activities.
<br />16
<br />
|