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CITY OF ROSEVILLE NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007 NOTE 2 - RECONCILIATION OF GOVERNMENT -WIDE AND FUND FINANCIAL STATEMENTS A. Explanation of certain differences between the governmental fund balance sheet and the government- wide statement of net assets The governmental fund balance sheet includes reconciliation between fund balance total governmental funds and net assets - governmental activities as re p orted in the overnmen - vide statement of net assets. Elements of that reconciliation are detailed as follows: Long --term debt: Bonds payable Bond interest payable Notes payable Compensated abences Change to Net Assets Internal service funds Capital assets (net of depreciation) Net Pension Obligation Addition of long -term deferred revenues Net change to net assets - governmental activities $ (10,955,000) (168,434) (4,3130) (987,672) $ (121115,236) 2,460,185 109,7685670 346,242 1,658,768 $ 1027118,629 B. Explanation of certain differences between the governmental fund statement of revenues, expenditures and changes in fund balances and the governmental -wide statement of activities The governmental fund statement of revenues, expenditures, and changes in fund balances . g antes Includes reconciliation between net changes in fund balances -total governmental unds and change in .� g net assets of governmental activities as reported in the government -wide statement of activities. One element of that reconciliation explains that "Governmental funds report capital outlays as expenditures. However Y p , in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported p d as depreciation expense. „ The details of this difference are as follows: Capital outlay $ L793fi!5 Depreciation expense (41043fi 59 Net change in fund - balances -total governmental funds and change g in net assets of governmental activities (21250,04D 53