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City of Roseville, MinnesotaTable 4 <br />CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS(Page 1 of 2) <br />Last Ten Fiscal Years Unaudited <br />(modified accrual basis of accounting) <br />(amounts expressed in thousands) <br />Fiscal Year <br />20122013201420152016 <br />Revenues <br />Taxes$ 17,462$ 18,844$ 19,962$ 20,042$ 22,235 <br />Intergovernmental 2,995 1,880 1,523 3,515 3,381 <br />Licenses and permits 1,532 1,630 1,514 1,755 2,414 <br />Charges for services 5,248 5,665 4,743 5,188 5,888 <br />Fines and forfeits 314 237 205 136 107 <br />Special assessments 308 179 214 171 302 <br />Investment earnings 326 280 444 661( 132) <br />Miscellaneous 804 980 2,450 1,204 1,168 <br />Total revenues 28,989 29,695 31,055 32,672 35,363 <br />Expenditures <br />General government$ 4,821$ 5,651$ 5,339$ 5,752$ 6,822 <br />Public safety 8,780 9,111 9,353 9,683 10,086 <br />Public works 2,183 2,334 2,397 2,488 2,499 <br />Economic development 1,052 1,017 1,280 1,114 4,602 <br />Recreation 3,688 3,808 4,070 4,617 4,380 <br />Capital outlay 6,996 10,155 14,098 10,552 9,822 <br />Debt service <br />Principal 1,435 1,230 6,355 2,595 2,660 <br />Interest 509 925 990 877 849 <br />Other Charges 118 83- - - <br />Total expenditures 29,582 34,314 43,882 37,678 41,720 <br />Excess of revenues <br />over (under) expenditures(593) ( 4,619)( 12,827)( 5,006)( 6,357) <br />Other financing sources (uses) <br />Transfers in$ 257$ 75$ 1,001$ 1,419$ 2,579 <br />Transfers out(231) ( 50)( 219)( 637)( 1,774) <br />Refunding bonds issued- -- -- <br />Discount on bonds issued- 0- -- <br />Bonds issued- 0- 3,060- <br />Premium on bonds issued 1,445 1940186- <br />Payments to refunded bond escrow agent- - - - - <br />Proceeds from letter of credit 15,685 3,98000- <br />Sale of assets 31 210 27 531 173 <br />Total other financing sources (uses) 17,187 4,409 809 4,559 978 <br />Net change in fund balances$ 16,593$ (210)$ (12,018)$ (447)$ (5,379) <br />Debt service as a percentage of noncapital8.61%8.92%24.66%12.80%11.00% <br />expenditures(1)(1) <br />(1)General Obligation Bonds Series 2003A were refunded with the General Obligation Bonds Series 2013A issuance. <br />This caused an unusually high debt service as a percentage of noncapital expenditures percentage. <br />114 <br /> <br />