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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, 2016 <br />Net Change in Fund Balances - Total Governmental Funds (5,379,976)$ <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. 803,360 <br />Net effect of sales, trade-ins and retirements of capital assets (34,697) <br />Payments on general obligation debt 2,660,000 <br />Premium on general obligation bonds amortized 128,592 <br />Net change due to internal service funds incorporated into statement of activities 111,008 <br />Net change in net pension obligation - City (3,494,495) <br />Net change in net pension obligation - Fire Relief 508,263 <br />Net change in net pension obligation - OPEB (98,824) <br /> <br />Change in compensated absences (71,143) <br />Change in bond interest payable 35,314 <br />Adjustment for modified accrual revenue recognition related to Special <br /> assessments, delinquent property tax and delinquent tax increment (524,581) <br />Change in Net Position of Governmental Activities (5,357,179)$ <br />The notes to the financial statements are an integral part of this statement. <br /> <br />34 <br />Item 8: Attachment D