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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 />$175,859,147 at the close of the most recent fiscal year. This represents an increase of
<br />$4,394,267 from the previous year.
<br />By far the largest portion of the City of Roseville's net position (77% percent) reflects its
<br />investment in capital assets (e.g. land, buildings, machinery, and equipment) less any
<br />related debt used to acquire those assets that is still outstanding. The City of Roseville
<br />uses these capital assets to provide services to citizens; consequently, these assets are not
<br />available for future spending. Although the City of Roseville's investment in its capital
<br />assets is reported net of related debt, it should be noted that the resources needed to repay
<br />this debt must be provided from other sources, since the capital assets themselves cannot
<br />be used to liquidate these liabilities.
<br />Current and other assets
<br />Capital assets
<br />Total Assets
<br />Long -term liabilities
<br />Outstanding
<br />Other liabilities
<br />Total Liabilities
<br />Net Position
<br />Invested in capital assets
<br />net of related debt
<br />Restricted
<br />Unrestricted
<br />Total Net Position
<br />CITY OF ROSEVILLE' S NET POSITION
<br />Governmental Governmental Business -Type Business -Type
<br />Activities Activities Activities Activities Total Total
<br />2011 2012 2011 2012 2011 2012
<br />$ 47,567,380 $ 66,903,348 $ 7,449,284 $ 7,854,486 $ 55,01604 $ 74,757,834
<br />123,706,064 126,056,109 19,493,159 20,244,092 143,199,223 146,300,201
<br />171,273,444 192,959,457 26,942,443 28,098,578 198,21507 221,058,035
<br />21,983,907 3702,717 - 157,960 21,983,907 38,040,677
<br />2,652,372 505,065 2,298,852 2,153,146 4,951,224 7,158,211
<br />24,636,279 4207,782 2,298,852 2,311,106 26,935,131 45,198,888
<br />11406,064 114,334,627 19,493,159 20,244,092 134,159,223 134,578,719
<br />8,733,361 10,796,300 - - 8,733,361 10,796,300
<br />23,237,740 24,940,748 5,150,432 5,543,380 28,388,172 30,484,128
<br />$146,637,165 $150,071,675 $ 24,643,591 $ 25,787,472 $171,280,756 $175,859,147
<br />A portion of the of the City of Roseville's net position represents resources that are
<br />subject to external restrictions on how they may be used. The remaining balance of
<br />unrestricted net position - $30,484,128, may be used to meet the City's ongoing
<br />obligations to citizens 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 position, both for the government as a whole, as
<br />well as for its separate governmental and business -type activities.
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