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following the required supplementary information on pensions. Combining and
<br />individual fund statements and schedules can be found on pages 74 -91 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 />$156,800,657 at the close of the most recent fiscal year.
<br />By far the largest portion of the City of Roseville's net assets (74% 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 ($25,323,455) 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.
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<br />Governmental
<br />Activities
<br />2003
<br />Governmental
<br />Activities
<br />2002
<br />Business -
<br />Type
<br />2003
<br />Business -
<br />Type
<br />2002
<br />Total
<br />2003
<br />Total
<br />2002
<br />Current and other
<br />AssMs
<br />S41,4-49�2 P
<br />335,624 ,$01
<br />$9,346,a 17
<br />S9,970.630
<br />550171
<br />SU W ,42
<br />ca itA asszts
<br />109,056 5fA
<br />10 -1,729,805
<br />18,191,264
<br />25.572,178
<br />1271.35H1423
<br />1�1 70119 A 3
<br />Toca1 asses
<br />150,615,953
<br />1 40,3 54 606
<br />27,337,991
<br />35,950,958
<br />173,1 53,734
<br />a ?6 N,! ML
<br />LDng -4errn JiARi1Jti
<br />klyLvArorpy
<br />1 .4,726L 162
<br />8, L 1 6,041
<br />a
<br />r
<br />_ 1417261162
<br />M,1 1 6,049
<br />othcr Jinbfiities
<br />5,42'x,3 72
<br />1 ,745,4174
<br />1,199,543
<br />1,6N.353
<br />616216190
<br />F �4 X27
<br />Toml Liabil itie�
<br />Y L'
<br />X01 15 %J 14
<br />9,35 1,522
<br />1,199, 54 -16
<br />t, ,�53
<br />2113 536,077
<br />3%4 70,975
<br />Ncl as3�'IS"
<br />Inwes1.od in f-Med
<br />Asscts net of related
<br />debt
<br />9891249347
<br />96 613 757
<br />1891919864
<br />269972,178
<br />11693169211
<br />123,5859935
<br />Restricted
<br />19 069 579
<br />15 925 108
<br />19 069 579
<br />1599259108
<br />Unrestricted
<br />13 268 393
<br />17 954 219
<br />8,146,474
<br />7 369 326
<br />219414,867
<br />259323,455
<br />Total net assets
<br />$130.462.319t
<br />$130,493,084
<br />f-$26.,338,338
<br />$342341.504
<br />$156.800.657
<br />$164.834.588
<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 ($25,323,455) 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.
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