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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 />$171,280,756 at the close of the most recent fiscal year. This represents an increase of
<br />$2,779,662 from the previous year.
<br />By far the largest portion of the City of Roseville's net assets (78% 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 - $28,388,172, may be used to meet the City's ongoing obligations to citizens
<br />and creditors.
<br />At the end of the current fiscal year, the City of Roseville is able to report positive
<br />balances in all three categories of net assets, both for the government as a whole, as well
<br />as for its separate governmental and business -type activities.
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<br />Governmental
<br />Activities
<br />2011
<br />Governmental
<br />Activities
<br />2010
<br />Business-
<br />Type
<br />2011
<br />Business -
<br />Type
<br />2010
<br />Total
<br />2011
<br />Total
<br />2010
<br />Current and other
<br />Assets
<br />$ 47,567,380
<br />$ 3505,076
<br />$ 7,449,284
<br />$ 8,257,284
<br />$ 55,01604
<br />$ 43,262,360
<br />Capital assets
<br />123,706,064
<br />124,3 80,800
<br />19,493,159
<br />1803,521
<br />143,199,223
<br />143,184,321
<br />Total assets
<br />171,273,444
<br />159,385,876
<br />26,942,443
<br />27,06005
<br />198,21507
<br />186,44601
<br />Long -term liabilities
<br />outstanding
<br />21,983,907
<br />13,179,341
<br />-
<br />-
<br />21 N3 N7
<br />13,179,341
<br />Other liabilities
<br />2,652,372
<br />2,243,842
<br />2,298,852
<br />2,522,404
<br />4,951,224
<br />4,766,246
<br />Total liabilities
<br />24,636,279
<br />15,423,183
<br />2,298,852
<br />2,522,404
<br />26,935,131
<br />17,945,587
<br />Net assets:
<br />Invested in capital
<br />assets net of related
<br />debt
<br />114,666,064
<br />114,015,800
<br />19,493,159
<br />1803,521
<br />134,159,223
<br />132,819,321
<br />Restricted
<br />8,73 3,3 61
<br />4,438J69
<br />-
<br />-
<br />8,73 3,3 61
<br />4,438J69
<br />Unrestricted
<br />23,237,740
<br />25,508,724
<br />5,150,432
<br />5,734,880
<br />28,388J72
<br />31,243,604
<br />Total net assets
<br />$ 146,637,165
<br />$ 143,962,693
<br />$ 24,643,591
<br />$ 24,53 8,401
<br />$ 171,280,756
<br />$168,501,094
<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 - $28,388,172, 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.
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