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CITY OF ROSEVILLE, MINNESOTA <br />RECONCILIATION OF THE STATEMENT OF REVENUES, <br />EXPENDITURES, AND CHANGES IN FUND BALANCE OF <br />GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES <br />For the Year Ended December 31, 2042 <br />Amounts reported for governmental activities in the statement of activities <br />are different because: <br />Net change in fund balances- -total governmental funds $ (2,188,575) <br />Governmental funds report capital outlays as expenditures. However, ill <br />the statement of activities the cost of those assets is allocated over their <br />estimated useful lives and reported as depreciation expense. This is the <br />amount by which capital outlays exceeded depreciation in the current period. (19069,379) <br />The net effect of various miscellaneous transactions involving capital assets <br />including disposal , which decrease net assets. (254,460) <br />Payments on general obligation debt 5,307,410 <br />Net change due to internal service funds incorporated into statement of activities 1411711 <br />Changes in compensated absences (9,591) <br />Changes in bond interest payable 795971 <br />Special assessments, property tax and tax increment collected for prior years (209,885) <br />Change in net assets of governmental activities $ 197971202 <br />The notes to the financial statements are an integral part of this statement. <br />32 <br />