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CITY OF ROSEVILLE NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2005 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 reported in the government -wide 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 $ (13,120,000) (195,943) (9,163) (707,196) $ (14,032,302) 2,607,367 110,998,949 328,955 2J28,386 $ 102,031,355 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 includes reconciliation between net changes in fund balances -total governmental funds and change in 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, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense." The details of this difference are as follows: Capital outlay $ 2,825,770 Depreciation expense (3,773,669) Net change in fund - balances -total governmental funds and change in net assets of governmental activities $ (947,899) 53