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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 />$159,236,627 at the close of the most recent fiscal year. <br />By far the largest portion of the City of Roseville's net assets (72% 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 ($30,856,036) 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. <br />16 <br />Governmental <br />Activities <br />2007 <br />Governmental <br />Activities Activities <br />2008 <br />Business- <br />Type <br />2007 <br />Business- <br />Type <br />2008 <br />Total <br />2007 <br />Total <br />2008 <br />Current and other <br />Assets <br />3992739798 <br />4099519125 <br />995219781 <br />994019178 <br />4897959579 <br />5093529303 <br />Capital assets <br />10997689670 <br />10995029095 <br />1798929424 <br />1797999877 <br />12796619094 <br />12793019972 <br />Total assets <br />14990429468 <br />15094539220 <br />2794149205 <br />2792019055 <br />17694569673 <br />17796549275 <br />Long -term liabilities <br />outstanding <br />1199469802 <br />1397729978 <br />- <br />- <br />1199469802 <br />1397729978 <br />Other liabilities <br />294439769 <br />293419656 <br />292669825 <br />293039014 <br />497109594 <br />496449670 <br />Total liabilities <br />1493909571 <br />1691149634 <br />292669825 <br />293039014 <br />1696579396 <br />1894179648 <br />Net assets: <br />Invested in capital <br />assets net of related <br />debt <br />9898139670 <br />9693929095 <br />1798929424 <br />1797999877 <br />11697069094 <br />11497319972 <br />Restricted <br />1190959142 <br />1396489619 <br />- <br />- <br />1190959142 <br />1396489619 <br />Unrestricted <br />2497439085 <br />2397579872 <br />792549956 <br />7,098,164 <br />3199989041 <br />3098569036 <br />Total net assets <br />134,651,897 <br />13493389586 <br />2591479380 <br />24,898,041 <br />15997999277 <br />15992369627 <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 ($30,856,036) 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. <br />16 <br />