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CITY OF ROSEVILLE, MINNESOTA <br /> NOTES TO FINANCIAL STATEMENTS <br /> December 31, 2016 <br /> <br /> <br /> <br /> <br /> estimated useful lives and reported as depreciation expense.” The details of this difference are as <br /> follows: <br /> <br />Capital outlay 5,530,335$ <br />Depreciation expense (4,726,975) <br />Net change in fund-balances-total governmental funds and change <br /> in net position of governmental activities 803,360$ <br /> <br />Note 3 DETAILED NOTES ON ALL FUNDS <br /> <br /> A. Deposits and investments <br /> <br /> 1. Components of Cash and Investments <br /> <br /> Cash and investments at year-end December 31, 2016 consist of the following: <br /> <br />Deposits 13,532,135$ <br />Investments 37,970,719 <br />Cash on Hand 11,300 <br />Total 51,514,154$ <br /> <br /> Cash and investments are presented in the financial statements as follows: <br /> <br />Statement of Net Positions - Government Wide <br />Cash and cash equivalents 49,234,038$ <br />Restricted investments 1,647,293 <br />Statement of Fiduciary Net Posititons <br /> Cash and cash equivalents - Agency Funds 632,823 <br />Total 51,514,154$ <br /> <br /> <br /> In accordance with applicable Minnesota Statutes, the City maintains deposits at depository banks <br /> authorized by the City Council, including checking accounts and certificates of deposits. <br /> <br /> The following is considered the most significant risk associated with deposits: <br /> <br /> Custodial credit risk – In the case of deposits, this is the risk that in the event of a bank failure, the <br /> City’s deposits may be lost. Minnesota Statutes require that all deposits be protected by federal <br /> deposit insurance, corporate surety bond, or collateral. The market value of collateral pledged <br /> must equal 110% of the deposits not covered by federal deposit insurance or corporate surety <br /> <br />50 <br />Item 8: Attachment D