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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 />$159,799,277 at the close of the most recent fiscal year.
<br />By far the largest portion of the City of Roseville's net assets (73% 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 ($31,998,041) 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 />2007
<br />Governmental..
<br />Activities
<br />2006
<br />Business-
<br />Type
<br />2007
<br />Business -`
<br />Tyke
<br />.2006
<br />Total
<br />2007
<br />Total
<br />2006
<br />Current and other
<br />Assets
<br />399273,798
<br />$365513,287
<br />9,5215781
<br />$859005449
<br />48,7955579
<br />$45,4135736
<br />Capital assets
<br />109,768,670
<br />112,459,976
<br />17,892,424
<br />17,906,632
<br />127,661,094
<br />130,366,608
<br />Total assets
<br />14950425468
<br />14859735263
<br />2754143205
<br />2658075081
<br />17654561673
<br />1755780,344
<br />Long -term liabilities
<br />outstanding
<br />1159465802
<br />1238133869
<br />-
<br />-
<br />1159465802
<br />125813,869
<br />Other liabilities
<br />2,4433769
<br />2,7525221
<br />252665825
<br />1,6783385
<br />457105594
<br />434305606
<br />Total liabilities
<br />145390,571
<br />15,566,090
<br />21266,825
<br />1,6785385
<br />16 5657,396
<br />17,2445475
<br />Net assets:
<br />Invested in capital
<br />assets net of related
<br />debt
<br />98,8135670
<br />100,584,976
<br />17,8925424
<br />1739065632
<br />11617065094
<br />1185491,608
<br />Restricted
<br />11,095,142
<br />834685097
<br />-
<br />-
<br />11,095,142
<br />8,4685097
<br />Unrestricted
<br />24,743;085
<br />2453541100
<br />75254,956
<br />732229064
<br />31,998,041
<br />31,576,164
<br />Total net assets
<br />134,651,897
<br />$13354073173
<br />2531475380
<br />$2591285696
<br />15937995277
<br />$158,5355869
<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 ($31,998,041) 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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