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C ITY OF R OSEVILLE,M INNESOTA
<br />M ANAGEMENT’S D ISCUSSION AND A NALYSIS
<br />For Year Ended December 31, 2021
<br />F INANCIAL A NALYSIS OF THE G OVERNMENT AS A W HOLE
<br />The analysis of the City’s financial position begins with a review of the Statement of Net Position
<br />and the Statement of Activities. These two statements report the City’s net position and changes
<br />therein. It should be noted that the financial position can also be affected by non-financial factors,
<br />including economic conditions, population growth and new regulations. Net position may serve
<br />over time as a useful indicator of a government’s financial position. In the case of the City of
<br />Roseville, assets and deferred outflows exceeded liabilities by $206,461,952 as of December 31,
<br />2021. This represents an increase of $9,415,677 from the previous year.
<br />By far the largest portion of the City of Roseville's net position (81.9% percent) reflects its investment in
<br />capital assets (e.g. land, buildings, machinery, equipment and infrastructure) less any related debt used to
<br />acquire those assets that is still outstanding. The City of Roseville uses these capital assets to provide
<br />services 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 />GovernmentalGovernmentalBusiness-TypeBusiness-Type
<br />ActivitiesActivitiesActivitiesActivitiesTotalTotal
<br />202120202021202020212020
<br />Current and other assets$64,920,956$62,301,392$7,689,503$8,658,053$72,610,459$70,959,445
<br />Capital assets 139,607,360 142,559,123 47,345,020 41,906,633 186,952,380 184,465,756
<br />Total Assets 204,528,316 204,860,515 55,034,523 50,564,686 259,562,839 255,425,201
<br />Deferred outflows of resources 5,807,609 157,593- 3,025,539
<br />Long-term liabilities
<br />Outstanding 30,842,682 43,383,482 3,869,082 4,240,546 34,711,764 47,624,028
<br />Other liabilities 8,170,205 5,401,100 3,475,711 3,074,723 11,645,916 8,475,823
<br />Total Liabilities 39,012,887 48,784,582 7,344,793 7,315,269 46,357,680 56,099,851
<br />Deferred inflows of resources 8,159,490 84,787- 1,581,240
<br />Net Position
<br />Net investment in
<br />capital assets 122,909,657 123,848,344 46,274,802 39,212,702 169,184,459 163,061,046
<br />Restricted 13,047,725 19,318,584 - - 13,047,725 19,318,584
<br />Unrestricted 23,015,928 10,557,124 1,213,840 4,109,521 24,229,768 14,666,645
<br />Total Net Position$158,973,310$153,724,052$47,488,642$43,322,223$206,461,952$197,046,275
<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 - $24,229,768
<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 and
<br />business-type activities.
<br />Analysis of the City’s Operations – Governmental activities increased the City of Roseville's net
<br />position by $5,249,258; Business-type activities increased Roseville’s net position by $4,166,419; for an
<br />overall increase of $9,415,677. Key elements of this increase are as follows:
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