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Proprietary funds. The City of Roseville's proprietary funds provide the same type of
<br />information found in the government -wide financial statements, but in more detail.
<br />The unrestricted net assets in the respective proprietary funds are Sewer - $2,093,990;
<br />Water — $(229,637); Golf - $357,993; Recycling - $253,175 and Storm - $2,674,911.
<br />Overall net assets increased $105,190 reflecting positive cash flow from utility rate
<br />increases which were designated for capital replacements.
<br />General Fund Budgetary Highlights
<br />The General Fund balance increased by $574,631 in 2011, largely due to a planned
<br />reduction of discretionary expenditures and deferred capital replacements. These cost
<br />reductions were implemented in response to declining interest earnings and stagnating
<br />non -tax revenue sources. A property tax increase was also implemented in 2011 to
<br />improve the General Fund's financial condition.
<br />Capital Asset and Debt Administration
<br />Capital assets. The City of Roseville's investment in capital assets for its governmental
<br />and business type activities as of December 31, 2011, amounts to $143,041,339 (net of
<br />accumulated depreciation) — virtually unchanged from the previous year. This
<br />investment in capital assets includes land, buildings, infrastructure, machinery and
<br />equipment.
<br />Major capital asset events during the current fiscal year included the following:
<br />• Completion of approximately $2 million in right -of -way acquisition and street
<br />improvements, and $1 million in general vehicles and equipment
<br />• Approximately $1.3 million in improvements to the City's utility systems
<br />City of Roseville's Capital Assets
<br />(Net of Depreciation)
<br />Additional information on the City of Roseville's capital assets can be found in Note 1 -D
<br />on page 48 -49 of this report, and Note 4 -C on page 57 -59.
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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 />Land & Easements
<br />$33,237,354
<br />$ 33,370,351
<br />$796,155
<br />$730,799
<br />$34,033,509
<br />$ 34,101,150
<br />Buildings
<br />17,44004
<br />18,041,228
<br />186,156
<br />235,577
<br />17,626,960
<br />18,27605
<br />Improvements other
<br />than Buildings
<br />838,712
<br />2,950,052
<br />447,648
<br />493,285
<br />1,286,360
<br />3,443,337
<br />Machinery &
<br />equipment
<br />6,515,848
<br />6,486,381
<br />833,752
<br />715,526
<br />7,34900
<br />7,201,907
<br />Infrastructure
<br />57,869,942
<br />57,869,942
<br />1704,525
<br />15,907,965
<br />74,954,467
<br />73,777,907
<br />Construction in
<br />progress
<br />703,404
<br />502,846
<br />-
<br />720,369
<br />703,404
<br />6,383,215
<br />Total capital assets
<br />$123,706,064
<br />$124,38000
<br />$19,348,236
<br />$1803,521
<br />t $143,054,300
<br />$143,184,321
<br />Additional information on the City of Roseville's capital assets can be found in Note 1 -D
<br />on page 48 -49 of this report, and Note 4 -C on page 57 -59.
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