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CITY OF ROSEVILLE, MINNESOTA
<br />MANAGEMENT'S DISCUSSION AND ANALYSIS
<br />For Year Ended December 31, 2014
<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 Net 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 government's financial position. In the
<br />case of the City of Roseville, assets exceeded liabilities by $185,354,583 as of December 31,
<br />2014. This represents an increase of $5,765,760 from the previous year.
<br />By far the largest portion of the City of Roseville's net position (74.6% percent) reflects its investment in
<br />capital assets (e.g. land, buildings, machinery, and equipment) less any related debt used to acquire
<br />those assets that is still outstanding. The City of Roseville uses these capital assets to provide services
<br />to citizens; consequently, these assets are not available for future spending. Although the City of
<br />Roseville's investment in its capital assets is reported net of related debt, it should be noted that the
<br />resources needed to repay this debt must be provided from other sources, since the capital assets
<br />themselves cannot be used to liquidate these liabilities.
<br />Current and other assets
<br />Capital assets
<br />Total Assets
<br />Long-term liabilities
<br />Outstanding
<br />Other liabilities
<br />Total Liabilities
<br />Net Position
<br />Invested in capital assets
<br />net of related debt
<br />Restricted
<br />Unrestricted
<br />Total Net Position
<br />CONDENSED STATEMENT OF NET POSITION
<br />Governmental Governmental Business-Type Business-Type
<br />Activities Activities Activities Activities Total Total
<br />2014 2013 2014 2013 2014 2013
<br />$ 57,182,443 $ 66,837,897 $ 7,109,821 $ 8,904,763 $ 64,292,264 $ 75,742,660
<br />140,471,280 131,224,852 25,215,099 21,814,228 165,686,379 153,039,080
<br />197,653,723 198,062,749 32,324,920 30,718,991 229,978,643 228,781,740
<br />34,557,086 40,845,554 179,484 183,812 34,736,570 41,029,366
<br />7,520,422 5,388,051 2,367,068 2,775,500 9,887,490 8,163,551
<br />42,077,508 46,233,605 2,546,552 2,959,312 44,624,060 49,192,917
<br />116,028,830 114,983,470 25,215,099 21,814,228 141,243,929 136,797,698
<br />14,072,227 13,094,255 - - 14,072,227 13,094,255
<br />25,475,158 23,751,419 4,563,269 5,945,451 30,038,427 29,696,870
<br />$155,576,215 $151,829,144 $ 29,778,368 $ 27,759,679 $185,354,583 $179,588,823
<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 -$30,038,427,
<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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