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City of Roseville, Minnesota <br />RECONCILIATION OF THE STATEMENT OF REVENUES, <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, 2015 <br />Net Change in Fund Balances - Total Governmental Funds <br />$ <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 estimatetl useful lives with depreciation expense <br />reported in the Statement of Activities. <br />Capital outlay and improvements 10,355,842 <br />Depreciation expense (4,429,264) <br />Net book value on sales of capital assets <br />Issuance of long-term debt (e.g., bonds) <br />Payments on general obligation debt <br />Premium on general obligation bonds issued <br />Net change due to internal service funds incorporated into statement of activities <br />Net change in net pension obligation - City <br />Net change in net pension obligation - Fire Relief <br />Net change in net pension obligation - OPEB <br />Change in compensated absences <br />Change in bond interest payable <br />Adjustment for modified accrual revenue recognition related to Special <br />assessments, delinquent property tax and delinquent tax increment <br />Change in Net Position of Governmental Activities <br />Statement 5 <br />(Page 1 of 1) <br />(446,829) <br />5,926,578 <br />(469,646) <br />(3,060,000) <br />2,595,000 <br />(57,473) <br />243,327 <br />(361,502) <br />(112,271) <br />(113,937) <br />(10,261) <br />(9,533) <br />59,531 <br />$ 4,182,984 <br />The notes to the financial statements are an integral part of this statement. <br />34 <br />