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I
<br /> ICITY OF ROSEVILLE, MINNESOTA
<br /> I
<br /> MANAGEMENT'S DISCUSSION AND ANALYSIS
<br /> For Year Ended December 31, 2014
<br /> IFINANCIAL ANALYSIS OF THE GOVERNMENT AS A WHOLE
<br /> I Analysis of the City's Operations - Governmental activities increased the City of Roseville's net
<br /> position by$3,747,071. Business-type activities increased Roseville's net position by$2,018,689, for an
<br /> overall increase of$5,765,760. Key elements of this increase are as follows:
<br /> 1 CONDENSED STATEMENT OF CHANGES IN NET POSITION
<br /> Governmental Governmental Business-Type Business-Type
<br /> I Activities Activities Activities Activities Total Total
<br /> 2014 2013 2014 2013 2014 2013
<br /> Revenues
<br /> Program Revenues
<br /> I Charges for services $ 7,479,168 $ 9,179,662 $ 13,269,791 $ 13,108,191 $ 20,748,959 $ 22,287,853
<br /> Operating grants and
<br /> Contributions 967,703 1,029,327 70,419 69,613 1,038,122 1,098,940
<br /> ICapital grants and
<br /> Contributions 1,013,102 1,046,150 470,967 259,550 1,484,069 1,305,700
<br /> General Revenues
<br /> Property taxes 17,318,833 16,895,804 - - 17,318,833 16,895,804
<br /> I Other taxes 2,452,959 2,108,966 2,452,959 2,108,966
<br /> Grants&contributions not
<br /> Restricted to specific
<br /> Programs 249,375 24,928 249,375 24,928
<br /> I Investment earnings 474,218 288,600 56,806 25,662 531,024 314,262
<br /> Net Increase(decrease)in
<br /> fair value of investments 1,614,919 (1,535,227) 241,243 (233,366) 1,856,162 (1,768,593)
<br /> Gain on Sale of capital asset - - 10,513 - 10,513 -
<br /> I Total Revenues $31,570,277 $29,038,210 $ 14,119,739 $ 13,229,650 $ 45,690,016 $ 42,267,860
<br /> Expenses
<br /> I
<br /> General government $ 5,856,306 $ 5,376,860 $ - $ - $ 5,856,306 $ 5,376,860
<br /> Public safety 9,254,988 9,792,587 9,254,988 9,792,587
<br /> Public works 5,249,925 4,399,267 5,249,925 4,399,267
<br /> Recreation 5,690,332 954,315 - - 5,690,332 , 954,315
<br /> I Economic development 1,671,768 5,523,875
<br /> 881,887 1,160,953 - 1,671,768 5,523,875
<br /> Interest on debt -
<br /> 881,887 1,160,953
<br /> Sanitary sewer - - 3,651,174 3,575,823 3,651,174 3,575,823
<br /> Water - - 5,553,800 5,915,805 5,553,800 5,915,805
<br /> I Golf -
<br /> -
<br /> 339,911 345,816 339,911 345,816
<br /> -
<br /> Recycling 449,490 550,285 449,490 550,285
<br /> Storm drainage - - 1,324,675 942,598 1,324,675 942,598
<br /> Total Expenses $28,605,206 $27,207,857 $ 11,319,050 $ 11,330,327 $ 39,924,256 $ 38,538,184
<br /> I Change in Net Assets before
<br /> Transfers $ 2,965,071 $ 1,830,353 $ 2,800,689 $ 1,899,323 $ 5,765,760 $ 3,729,676
<br /> I
<br /> Transfers 782,000 (72,884) (782,000) 72,884 - -
<br /> Increase(decrease)in
<br /> Net position 3,747,071 1,757,469 2,018,689 1,972,207 5,765,760 3,729,676
<br /> INet position on January 1st 151,829,144 150,071,675 27,759,679 25,787,472 179,588,823 175,859,147
<br /> Net position on December 31st 155,576,215 151,829,144 29,778,368 27,759,679 185,354,583 179,588,823
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