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City of Roseville,Minnesota Statement 5 <br /> RECONCILIATION OF THE STATEMENT OF REVENUES, (Page 1 of 1) <br /> EXPENDITURES AND CHANGES <br /> IN FUND BALANCES OF GOVERNMENTAL FUNDS <br /> TO THE STATEMENT OF ACTIVITIES <br /> For the Fiscal Year Ended December 31, 2014 <br /> Net Change in Fund Balances-Total Governmental Funds $ (12,018,514) <br /> Amounts reported for governmental activities in the Statement of Activities <br /> are different because: <br /> Governmental funds report capital outlay as expenditures. However, in <br /> the Statement of Net Position, the cost of these assets is capitalized and <br /> depreciated over their estimated useful lives with depreciation expense <br /> reported in the Statement of Activities. <br /> Capital outlay and improvements 13,137,680 <br /> Depreciation expense (4,089,727) 9.047,953 <br /> The net effect of various miscellaneous transactions involving assets(i.e., <br /> sales.trade-ins, and donations)is to increase or decrease net assets 198,475 <br /> Payments on general obligation debt 6,355,000 <br /> Premium on general obligation bonds issued 128,592 <br /> Net change due to internal service funds incorporated into statement of activities (120,959) <br /> Net change in net pension obligation fire relief 215.128 <br /> Net change in net pension obligation OPEB (131,887) <br /> Change in compensated absences (63,237) <br /> Change in bond interest payable 107,799 <br /> Adjustment for modified accrual revenue recognition related to Special <br /> assessments, delinquent property tax and delinquent tax increment 28,721 <br /> Change in Net Position of Governmental Activities $ 3,747,071 <br /> The notes to the financial statements are an integral part of this statement. <br /> 34 <br />