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following the required supplementary information on pensions. Combining and <br />individual fund statements and schedules can be found on pages 63-77 of this report. <br />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 />$164,460,993 at the close of the most recent fiscal year. <br />By faz the lazgest portion of the City of Roseville's net assets (74% 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 aze not <br />available for future spending. Although the City of Roseville's inveshnent 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 ($39,594,254) 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 />12 <br />