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The 2010 decline in restricted net assets resulted from the closure of a Tax Increment
<br />Financing District resulting in the return of $7.7 million of surplus tax increment.
<br />Governmental activities
<br />Governmental activities decreased the City of Roseville's net assets by $2,387,991.
<br />Business -type activities increased Roseville's net assets by $338,446, for an overall
<br />decrease of $2,049,545. Key elements of this increase are as follows:
<br />City of Roseville's Changes in Net Assets
<br />17
<br />Governmental
<br />Activities
<br />2009
<br />Governmental
<br />Activities
<br />2010
<br />Business-
<br />Type
<br />2009
<br />Business -
<br />Type
<br />2010
<br />Total
<br />2009
<br />Total
<br />2010
<br />Revenues:
<br />Program revenues:
<br />Charges for services
<br />$9,232,921
<br />$ 6,774,829
<br />$ 9,705,382
<br />10,291,933
<br />$18,938,303
<br />$ 17,066,762
<br />Operating grants and
<br />Contributions
<br />819,160
<br />870,158
<br />75,349
<br />69,775
<br />894,509
<br />939,933
<br />Capital grants and
<br />Contributions
<br />1,987,239
<br />3,283,978
<br />-
<br />321,188
<br />1,987,239
<br />305,166
<br />General revenues:
<br />Property taxes
<br />12,553,187
<br />15,611,3 87
<br />-
<br />-
<br />12,553,187
<br />15,611,3 87
<br />Other taxes
<br />3,745,387
<br />2,427,055
<br />-
<br />-
<br />3,745,387
<br />2,427,055
<br />Grants &
<br />Contributions not
<br />Restricted to specific
<br />Programs
<br />26,477
<br />25,577
<br />-
<br />-
<br />26,477
<br />25,577
<br />Investment earnings
<br />695,472
<br />1,122,891
<br />13504
<br />176,315
<br />831,136
<br />1,299,206
<br />Other
<br />2500
<br />8407
<br />(25,000)
<br />(84,007)
<br />-
<br />-
<br />Total revenues
<br />29,084,843
<br />30,199,882
<br />9,891,395
<br />10,775,204
<br />38,976,238
<br />40,975,086
<br />Expenses:
<br />General government
<br />$ 5,150,773
<br />$ 4,266,736
<br />$ -
<br />$ -
<br />$5,150,773
<br />$ 4,266,736
<br />Public safety
<br />8,161,100
<br />9,442,966
<br />-
<br />-
<br />8,161,100
<br />9,442,966
<br />Public works
<br />4,470,830
<br />2,800,235
<br />-
<br />-
<br />4,470,830
<br />2,800,235
<br />Economic
<br />Development
<br />1,742,174
<br />M950X4
<br />-
<br />-
<br />1,742,174
<br />M950X4
<br />Recreation
<br />4,770,793
<br />4,698,518
<br />-
<br />-
<br />4,770,793
<br />4,698,518
<br />Interest on debt
<br />508,970
<br />429,094
<br />-
<br />-
<br />508,970
<br />429,094
<br />Sanitary Sewer
<br />-
<br />-
<br />3,520,566
<br />3,763,009
<br />3,520,566
<br />3,763,009
<br />Water
<br />-
<br />-
<br />5,399,949
<br />5,058,883
<br />5,399,949
<br />5,058,883
<br />Golf
<br />-
<br />-
<br />318,890
<br />33800
<br />318,890
<br />338,860
<br />Recycling
<br />-
<br />-
<br />499,501
<br />478,471
<br />499,501
<br />478,471
<br />Storm drainage
<br />-
<br />-
<br />850,575
<br />797,535
<br />850,575
<br />797,535
<br />Total expenses
<br />24,804,640
<br />32,587,873
<br />10,589,481
<br />10,436,758
<br />35,394,121
<br />43,024,631
<br />Increase (decrease) in
<br />net assets
<br />4,280,203
<br />(2,3 87,991)
<br />(698,086)
<br />338,446
<br />3,582J 17
<br />(2,049,545)
<br />Net assets on Jan 1St
<br />134,338,586
<br />138,618,789
<br />24,898,041
<br />24,199,955
<br />159,236,627
<br />162,818,744
<br />Change in
<br />Accounting Principle
<br />-
<br />7,731,895
<br />-
<br />-
<br />-
<br />7,731,895
<br />Net assets on Dec 31 St
<br />$ 13 8,618,789
<br />$ 143,962,693
<br />$ 24,199,955
<br />24,53 8,401
<br />$ 162,818,744
<br />$168,501,094
<br />17
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