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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 />$154,441,087 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 hove they may be used. The remaining balance of unrestricted
<br />net assets ($18,514,882) 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 />2004
<br />Business-
<br />Type
<br />2005
<br />Business -
<br />Type
<br />2004
<br />Total
<br />2005
<br />Total
<br />2004
<br />Current and other
<br />Assets
<br />$3318447684
<br />$33,115,414
<br />$9,0461200
<br />$9,227,709
<br />$42,890,884
<br />$42,343,123
<br />Capital assets
<br />1 10,998,949
<br />1 12,2121534
<br />17,8627240
<br />17,950,057
<br />12818611-189
<br />1.30,162,591
<br />Total assets
<br />14418437633
<br />145,327,948
<br />26,9081440
<br />27,177,766
<br />171,752,073
<br />17215057714
<br />Long -term liabilities
<br />outstanding
<br />1318367359
<br />14,9011583
<br />-
<br />-
<br />1318361359
<br />141901,583
<br />Other liabilities
<br />2,0907012
<br />2,9561168
<br />1,384,615
<br />1,287,000
<br />3,4741627
<br />4,2431168
<br />Total liabilities
<br />151926,371
<br />17,857,751
<br />1,384,615
<br />1,28700
<br />1713101986
<br />19,1441751
<br />Net assets:
<br />Invested in capital
<br />assets net of related
<br />debt
<br />9718787949
<br />98,0371804
<br />1778621240
<br />171950,057
<br />115,741,189
<br />11. 57987,861
<br />Restricted
<br />20,1857016
<br />18,2691971
<br />-
<br />-
<br />201)185,016
<br />187269,971
<br />Unrestricted
<br />1 0,853,297
<br />11,162,422
<br />701,585
<br />71940,709
<br />1.815141882
<br />19,1031131
<br />Total net assets
<br />$125,9177262
<br />$127,4701197
<br />$2515235825
<br />$2518901766
<br />$15414417087
<br />$153,3601963
<br />A portion of the of the City of Roseville's net assets represents resources that are subject
<br />to external restrictions on hove they may be used. The remaining balance of unrestricted
<br />net assets ($18,514,882) 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.
<br />[[o
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