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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 3I, 2002 <br />NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) <br />D. Assets, liabilities, and net assets or equity (Continued) <br />8. Fund equity <br />In the fund financial statements, governmental funds reported reservations of fund balance for <br />amounts that are not available for appropriation or are legally restricted by outside parties for use <br />for a specific purpose. Designations of fund balance represent tentative Council plans that are <br />subject to change. <br />9. Comparative data/reclassifications <br />Comparative total data for the prior year have presented only for individual enterprise funds in <br />the fund financial statements in order to provide an understanding of the changes in the financial <br />position and operations of these funds. <br />NOTE 2 - RECONCILIATION OF GOVERNMENT - <br />WIDE AND FUND FINANCIAL STATEMENTS <br />A. Explanation of certain differences between the governmental fund balance sheet and the <br />government -wide statement of net assets <br />The governmental fund balance sheet includes reconciliation between fund balance - total <br />governmental funds and net assets - governmental activities as reported in the government -wide <br />statement of net assets. Elements of that reconciliation are detailed as follows: <br />52 <br />