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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 />$158,535,869 at the close of the most recent fiscal year.
<br />By far the largest portion of the City of Roseville's net assets (75% 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 ($31,967,877) 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 />2005
<br />Governmental
<br />Activities
<br />2006
<br />Business-
<br />Type
<br />2005
<br />Business -
<br />Type
<br />2006
<br />Total
<br />2005
<br />Total
<br />2006
<br />Current and other
<br />Assets
<br />$33,84404
<br />$36,513,287
<br />$9,046,200
<br />$8,900,449
<br />$42,89004
<br />$45,413,736
<br />Capital assets
<br />110,998,949
<br />112,459,976
<br />17,862,240
<br />17,906,632
<br />12801,189
<br />130,36608
<br />Total assets
<br />144,843,633
<br />148,973,263
<br />26,908,440
<br />260701
<br />171,752,073
<br />175,780,344
<br />Long -term liabilities
<br />outstanding
<br />13,836,359
<br />12,813,869
<br />-
<br />-
<br />13,836,359
<br />12,813,869
<br />Other liabilities
<br />2,090,012
<br />2,752,221
<br />1,384,615
<br />1,678,385
<br />3,474,627
<br />4,43006
<br />Total liabilities
<br />15,926,371
<br />15,566,090
<br />1,384,615
<br />1,678,385
<br />17,310,986
<br />17,244,475
<br />Net assets:
<br />Invested in capital
<br />assets net of related
<br />debt
<br />97,878,949
<br />100,584,976
<br />17,862,240
<br />17,906,632
<br />115,741,189
<br />118,491,608
<br />Restricted
<br />20,185,016
<br />8,468,097
<br />-
<br />-
<br />20,185,016
<br />8,468,097
<br />Unrestricted
<br />10,853,297
<br />24,354,100
<br />701,585
<br />7,222,064
<br />18,51402
<br />31,576,164
<br />Total net assets
<br />$128,917,262
<br />$133,407,173
<br />$25,523,825
<br />$25,12806
<br />$154,44107
<br />$158,535,869
<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 ($31,967,877) 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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