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CITY OF ROSEVILLE, MINNESOTA <br />RECONCILIA'T'ION 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, 2007 <br />Amounts reported for governmental activities in the statement of activities <br />are different because: <br />Net change in fund balances- -total governmental funds $ 393153370 <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. (2,250,044) <br />The effect of transactions involving capital assets including losses on disposals, <br />which decrease net assets. (441,262) <br />Payments on general obligation debt 920,000 <br />Payments on notes payable 295 <br />Net change due to internal service funds incorporated into statement of activities (162,558) <br />Net change due to the fire relief pension obligation (45,471) <br />Changes in compensated absences (53,228) <br />Changes in bond interest payable 105829 <br />Special assessments, property tax and tax increment collected for prior years (499207) <br />Change in net assets of governmental activities $ 192441)724 <br />The notes to the financial statements are an integral part of this statement. <br />32 <br />