Laserfiche WebLink
CITY OF ROSEVILLE, MINNESOTA <br /> NOTES TO FINANCIAL STATEMENTS <br /> December 31, 2016 <br /> <br /> <br /> <br /> <br /> improvements within a new development area. Law Enforcement is proceeds received from <br /> forfeitures generated from driving under the influence (DUI) or drug possession whose proceeds <br /> are restricted for specific law enforcement uses. Debt service is to pay for future debt service <br /> obligations, while tax increment revenues are used to pay for costs associated with the <br /> development within a tax increment district. Minnesota law governs park dedication, debt <br /> service, tax increment and law enforcement uses. Community development and <br /> telecommunication uses are governed by other third party entities. <br /> <br /> <br />Note 2 RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS <br /> <br /> A. Explanation of certain differences between the governmental fund balance sheet and the government- <br /> wide statement of net position <br /> <br /> The governmental fund balance sheet includes reconciliation between fund balance - total <br /> governmental funds and net position - governmental activities as reported in the government-wide <br /> of net position. Elements of that reconciliation are detailed as follows: <br /> <br />Long-term liabilities: <br />Bonds payable (27,945,000)$ <br />Premium on bonds payable (1,342,505) <br />Certificates of indebtedness (640,000) <br />Bond interest payable (259,855) <br />Net OPEB obligation (1,031,724) <br />Net Pension liabilty (30,236,947) <br />Compensated absences (1,625,903) <br />Net change due to long-term liabilities (63,081,934)$ <br />Other long-term assets: <br />Net pension obligation - fire relief 3,150,522$ <br />Addition of long-term deferred inflows 1,431,083 <br />Net change in other long-term assets 4,581,605$ <br /> <br /> <br /> B. Explanation of certain differences between the governmental fund statement of revenues, <br /> expenditures and changes in fund balances and the governmental-wide statement of activities <br /> governmental fund statement of revenues, expenditures, and changes in fund balances includes <br /> reconciliation between net changes in fund balances-total governmental funds and change in net <br /> position of governmental activities as reported in the government-wide statement of activities. One <br /> element of that reconciliation explains that “Governmental funds report capital outlays as <br /> expenditures. However, in the statement of activities the cost of those assets is allocated over their <br /> <br />49 <br />Item 8: Attachment D