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CITY OF ROSEVILLE, MINNESOTA <br />RECONCILIATION OF THE STATEMENT OF REVENUES, <br />EXPENDITURES, AND CHANGES IN FUND BALANCE OF <br />GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES <br />For the Year Ended December 31, 2011 <br />Amounts reported for governmental activities in the statement of activities <br />are different because: <br />Net change in fund balances - -total governmental funds $ 1212901030 <br />Governmental funds report capital outlays as expenditures. However, in <br />the statement of activities the cost of those assets is allocated over their <br />estimated useful lives and reported as depreciation expense. This amount <br />represents the difference between capital outlays and depreciation in the current period. (523,071) <br />Transfer of capital assets to proprietary funds (18,525) <br />Net book value on sales of capital assets (133,140) <br />Payments on general obligation debt 113851000 <br />General Obligation bond proceeds <br />(10,000,000) <br />Net change due to internal service funds incorporated into statement of activities <br />741545 <br />Net change in net pension obligation fire relief <br />(14,059) <br />Net change in net pension obligation OPEB <br />(113,992) <br />Changes in compensated absences <br />(75,575) <br />Changes in bond interest payable <br />201529 <br />Special assessments, property tax and tax increment collected for prior years <br />(217,270) <br />Change in net assets of governmental activities $ 216741472 <br />The notes to the financial statements are an integral part of this statement. <br />32 <br />