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CITY OF ROSEVILLE, MINNESOTA
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS
<br />For Year Ended December 31, 2015
<br />FINANCIAL ANALYSIS OF THE GOVERNMENT AS A WHOLE
<br />The analysis of the City's financial position begins with a review of the Statement of Net Position
<br />and the Statement of Changes in Nef Position. These two statements report the City's net
<br />position and changes therein. It should be noted that the financial position can also be affected
<br />by non-financial factors, including economic conditions, population growth and new regulations.
<br />Net position may serve over time as a useful indicator of a governmenYs financial position. In the
<br />case of the City of Roseville, assets and deferred outflows exceeded liabilities by $182,089,916
<br />as of December 31, 2015. This represents an increase of $6,233,124 from the previous year.
<br />By far the largest portion of the City of Roseville's net position (81.6% percent) reflects its investment in
<br />capital assets (e.g. land, buildings, machinery, and equipment) less any related debt used to acquire
<br />those assets that is still outstanding. The City of Roseville uses these capital assets to provide services
<br />to citizens; consequently, these assets are not available for future spending. Although the City of
<br />Roseville's investment in its capital assets is reported net of related debt, it should be noted that the
<br />resources needed to repay this debt must be provided from other sources, since the capital assets
<br />themselves cannot be used to liquidate these liabilities.
<br />CONDENSED STATEMENT OF NET POSITION
<br />Governmental Governmental Business-Type Business-Type
<br />Activities Activities Activities Activities Total Total
<br />2015 2014 2015 2014 2015 2014
<br />Current and other assets $ 55,905,714 $ 57,182,443 $ 6,278,106 $ 7,109,821 $ 62,183,820 $ 64,292,264
<br />Capital assets 145,928,212 140,471,280 28,391,384 25,215,099 174,319,596 165,686,379
<br />Total Assets 201,833,926 197,653,723 34,669,490 32,324,920 236,503,416 229,978,643
<br />Deferred outflows of resources 2,880,401 - 145,138 - 3,025,539 -
<br />Long-term liabilities
<br />Outstanding 47,271,067 34,557,086 1,216,284 179,484 48,487,351 34,736,570
<br />Other liabilities 4,727,51 ] 7,520,422 2,642,937 2,367,068 7,370,448 9,887,490
<br />Total Liabilities 51,998,578 42,077,508 3,859,221 2,546,552 55,857,799 44,624,060
<br />Deferred inflows of resources
<br />Net Position
<br />Invested in capital assets
<br />net of related debt
<br />Restricted
<br />Unrestricted
<br />Total Net Position
<br />1,485,173 - 96,067 - 1,581,240 -
<br />120,125,324 ll6,028,830 28,391,384 25,215,099 148,516,708 141,243,929
<br />18,157,117 14,072,227 - - 18,157,117 14,072,227
<br />12,948,135 25,475,158 2,467,956 4,563,269 15,416,091 30,038,427
<br />$ 151,230,576 $ 155,576,215 $ 30,859,340 $ 29,778,368 $182,089,916 $185,354,583
<br />A portion of the of the City of Roseville's net position represents resources that are subject to external
<br />restrictions on how they may be used. The remaining balance of unrestricted net position -$15,416,091,
<br />may be used to meet the City's ongoing obligations to citizens and creditors.
<br />At the end of the current fiscal year, the City of Roseville is able to report positive balances in all three
<br />categories of net position, both for the government as a whole, as well as for its separate governmental
<br />and business-type activities.
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