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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 315 2002 <br />NOTE 2 - RECONCILIATION OF GOVERNMENT- <br />WIDE AND FUND FINANCIAL STATEMENTS (Continued) <br />A. Explanation of certain differences between the governmental fund balance sheet and the <br />government -wide statement of net assets (Continued) <br />Long --term debt: <br />Bonds payable $ (7,560,000) <br />Bond interest payable (112,830) <br />Notes payable (60,376) <br />Compensated absences (495,672) <br />� (892289878) <br />Change to Net Assets <br />Internal service funds 29957,391 <br />Capital assets (net of depreciation) 10457299805 <br />Addition of deferred revenues 3,680,122 <br />Net change to net assets - governmental activities $ 103,13 8,440 <br />B. Explanation of certain differences between the governmental fund statement of revenues, <br />expenditures and changes in fund balances and the governmental -wide statement of activities <br />The governmental fund statement of revenues, expenditures, and changes in fund balances includes a <br />reconciliation between net changes in fund balances -total governmental fiends and change in net <br />assets of governmental activities as reported in the government -wide statement of activities. one <br />element of that reconciliation explains that "Governmental funds report capital outlays as <br />expenditures. However, in the statement of activities the cost of those assets is allocated over their <br />estimated useful lives and reported as depreciation expense." The details of this difference are as <br />follows: <br />Capital outlay <br />Depreciation expense <br />53 <br />$ 21573,053 <br />(3,642,432) <br />_ -$ (10692379) <br />