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CITY OF ROSEVILLE, MINNESOTA
<br />STATEMENT OF NET ASSETS
<br />December 31, 2008
<br />NET ASSETS
<br />Invested in capital assets net of related debt
<br />Restricted for
<br />Tax increment
<br />Law enforcement
<br />Unrestricted
<br />Total Net Assets $
<br />96,932,095 17,799,877 114,731,972 0
<br />13,243,667 0 13,243,667 0
<br />404,952 0 404,952 0
<br />23,757,872 71098,164 30,856,036 21527,187
<br />134,338,586 $ 24,898,041 $ 159,236,627 $ 21527,187
<br />The notes to the financial statements are an integral part of this statement.
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<br />Primary Government
<br />Component Unit
<br />Housing &
<br />Governmental
<br />Business -Type
<br />Redevelopment
<br />Activities
<br />Activities
<br />Total
<br />Authority
<br />ASSETS
<br />Cash and cash equivalents $
<br />37,799,292
<br />$ 51858,545
<br />$ 43,657,837
<br />$ 11074,982
<br />Restricted investments
<br />Utility customer deposits
<br />0
<br />811,714
<br />811,714
<br />0
<br />Receivables
<br />Accounts
<br />369,066
<br />11671,935
<br />21041,001
<br />41932
<br />Taxes
<br />36,771
<br />0
<br />36,771
<br />989
<br />Investment interest
<br />249,642
<br />42,009
<br />291,651
<br />51667
<br />Special assessments
<br />11374,369
<br />129,326
<br />11503,695
<br />81899
<br />Due from other governments
<br />612,386
<br />887,649
<br />11500,035
<br />61114
<br />Notes
<br />21045
<br />0
<br />21045
<br />21131,648
<br />Net pension obligation fire relief
<br />507,554
<br />0
<br />507,554
<br />0
<br />Capital assets not being depreciated:
<br />Land
<br />51963,830
<br />3441105
<br />61307,935
<br />0
<br />Improvements other than buildings
<br />16,019,834
<br />120,716
<br />16,140,550
<br />0
<br />Construction in progress
<br />454,898
<br />0
<br />454,898
<br />0
<br />Capital assets net of accumulated depreciation:
<br />Buildings
<br />19,481,382
<br />336,123
<br />19,817,505
<br />0
<br />Improvements other than buildings
<br />21330,720
<br />849,821
<br />31180,541
<br />0
<br />Machinery and equipment
<br />81172,427
<br />951,799
<br />91124,226
<br />0
<br />Infrastructure
<br />57,079,004
<br />15,197,313
<br />721276,317
<br />0
<br />Total Assets
<br />150,453,220
<br />27,201,055
<br />177,654,275
<br />31233,231
<br />LIABILITIES
<br />Accounts payable
<br />5021130
<br />390,833
<br />892,963
<br />405
<br />Accrued payroll
<br />67,130
<br />77,495
<br />144,625
<br />0
<br />Contracts payable
<br />385,633
<br />11139
<br />386,772
<br />0
<br />Bond interest payable
<br />150,531
<br />0
<br />150,531
<br />0
<br />Due to other governments
<br />3821286
<br />499,883
<br />8821169
<br />702,039
<br />Insurance claim payable
<br />429,525
<br />0
<br />429,525
<br />0
<br />Deposits payable
<br />295,978
<br />811,714
<br />11107,692
<br />31600
<br />Unearned revenue
<br />0
<br />521,950
<br />521,950
<br />0
<br />Net pension obligation OPEB
<br />128,443
<br />0
<br />128,443
<br />0
<br />Noncurrent liabilities:
<br />Due within one year
<br />11052,367
<br />0
<br />11052,367
<br />0
<br />Due in more than one year
<br />12,720,611
<br />0
<br />12,720,611
<br />0
<br />Total Liabilities
<br />161114,634
<br />213031014
<br />18,417,648
<br />7061044
<br />NET ASSETS
<br />Invested in capital assets net of related debt
<br />Restricted for
<br />Tax increment
<br />Law enforcement
<br />Unrestricted
<br />Total Net Assets $
<br />96,932,095 17,799,877 114,731,972 0
<br />13,243,667 0 13,243,667 0
<br />404,952 0 404,952 0
<br />23,757,872 71098,164 30,856,036 21527,187
<br />134,338,586 $ 24,898,041 $ 159,236,627 $ 21527,187
<br />The notes to the financial statements are an integral part of this statement.
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