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CITY OF ROSEVILLE <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31 ,2003 <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 <br />Bond interest payable <br />Notes payable <br />Compensated absences <br />Change to Net Assets <br />Internal service funds <br />Capital assets (net of depreciation) <br />Addition of deferred revenues <br />Net change to net assets - governmental activities <br />,p (tS,495,000) <br />p 1 S.1577) <br />(45,378) <br />(595-16 t 1) <br />$ (164451.566) <br />109,1664564 <br />3 x1 341 04 9- <br />$ 9837693441 <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 Amd balances includes a <br />reconciliation between net changes in fund balances -total governmental funds 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 />S 7x8375964 <br />(�.13427689 <br />4,495,.E <br />