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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 ACTWITIES <br />For the Year Ended December 31,2003 <br />Amounts reported for governmental activities in the statement of activities <br />are different because: <br />Net change in fund balances - -total governmental funds $ 4r3 3$,234 <br />Governmental funds report capital outlays as expenditures. However, in <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. 4,495F M <br />The net effect of various miscellaneous transactions involving capital assets <br />including disposal, which decrease net assets. (I. 991, 7 <br />Payments on general obligation debt 1,765 I <br />Payments on notes payable 14 1�98 <br />Bonds Proceeds (9,700,) <br />Net change due to internal service funds incorporated into statement of activities (43 ,996) <br />Changes in compensated absences (991.939) <br />Changes in bond interest payable (2021.747) <br />Special assessments, property tax and tax increment collected for prior years (5391.074) <br />Change in net assets of governmental activities 1,372,E 7� <br />The notes to the financial statements are an integral part of this statement. <br />32 <br />