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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, 2014 <br />Net Change in Fund Balances - Total Governmental Funds <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 13,137,680 <br />Depreciation expense (4,089,727) <br />The net effect of various miscellaneous transactions involving assets (i.e., <br />sales, trade-ins, and donations) is to increase or decrease net assets <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 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 />The notes to the financial statements are an integral part of this statement. <br />34 <br />Statement 5 <br />(Page 1 of 1) <br />$ (12,018,514) <br />9,047,953 <br />198,475 <br />6,355,000 <br />128,592 <br />(120,959) <br />215,128 <br />(131,887) <br />(63,237) <br />107,799 <br />28,721 <br />$ 3,747,071 <br />