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CITY OF ROSEVILLE, MINNESOTA
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<br />MANAGEMENT’S DISCUSSION AND ANALYSIS
<br />For Year Ended December 31, 2016
<br />
<br />
<br />FINANCIAL ANALYSIS OF THE GOVERNMENT AS A WHOLE
<br />
<br />Analysis of the City’s Operations – Governmental activities decreased the City of Roseville's net
<br />position by $5,357,179. Business-type activities increased Roseville’s net position by $1,618,011, for an
<br />overall increase of $811,397. Key elements of this increase are as follows:
<br />CONDENSED STATEMENT OF CHANGES IN NET POSITION
<br />
<br />Governmental Governmental Business-Type Business-Type
<br />Activities Activities Activities Activities Total Total
<br />2016 2015 2016 2015 2016 2015
<br />Revenues
<br />Program Revenues
<br />Charges for services 9,817,035$ 8,214,172$ 14,000,057$ 13,575,343$ 23,817,092$ 21,789,515$
<br />Operating grants and
<br />Contributions 1,219,715 1,055,810 90,533 189,251 1,310,248 1,245,061
<br />Capital grants and
<br />Contributions 2,137,095 2,368,626 277,055 2,000 2,414,150 2,370,626
<br />General Revenues
<br />Property taxes 19,550,627 17,710,161 - - 19,550,627 17,710,161
<br />Other taxes 2,221,477 2,741,391 - - 2,221,477 2,741,391
<br />Grants & contributions not
<br />Restricted to specific
<br />Programs 24,435 24,435 - - 24,435 24,435
<br />Investment earnings 758,630 579,253 36,658 45,199 795,288 624,452
<br />Net Increase (decrease) in
<br />fair value of investments (897,640) 119,627 (46,107) 5,129 (943,747) 124,756
<br />Gain on Sale of capital asset 129,474 - 7,635 145,442 137,109 145,442
<br />Total Revenues 34,960,848$ 32,813,475$ 14,365,831$ 13,962,364$ 49,326,679$ 46,775,839$
<br />Expenses
<br />General government 7,615,373$ 6,126,713$ -$ -$ 7,615,373$ 6,126,713$
<br />Public safety 13,102,041 10,307,351 - - 13,102,041 10,307,351
<br />Public works 9,676,272 4,834,914 - - 9,676,272 4,834,914
<br />Economic development 4,729,987 2,603,186 - - 4,729,987 2,603,186
<br />Recreation 5,185,845 4,653,377 - - 5,185,845 4,653,377
<br />Interest on debt 813,509 886,950 - - 813,509 886,950
<br />Sanitary sewer - - 3,815,857 3,541,971 3,815,857 3,541,971
<br />Water - - 5,977,512 5,698,196 5,977,512 5,698,196
<br />Golf - - 340,677 306,814 340,677 306,814
<br />Storm drainage - - 1,327,856 1,120,225 1,327,856 1,120,225
<br />Recycling - - 480,918 463,018 480,918 463,018
<br />Total Expenses 41,123,027$ 29,412,491$ 11,942,820$ 11,130,224$ 53,065,847$ 40,542,715$
<br />Change in Net Position before
<br />Transfers (6,162,179)$ 3,400,984$ 2,423,011$ 2,832,140$ (3,739,168)$ 6,233,124$
<br />Transfers 805,000 782,000 (805,000) (782,000) - -
<br />Increase (decrease) in
<br />Net position (5,357,179) 4,182,984 1,618,011 2,050,140 (3,739,168) 6,233,124
<br />Net position on January 1st, as restated (Note 6) 155,781,141 147,047,592 30,704,690 28,809,200 186,485,831 175,856,792
<br />Net position on December 31st 150,423,962 155,781,141 32,322,701 30,704,690 182,746,663 186,485,831
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<br />Item 8: Attachment D
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