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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 />
<br />
<br />F INANCIAL A NALYSIS OF THE G OVERNMENT AS A W HOLE
<br />
<br />CONDENSED STATEMENT OF CHANGES IN NET POSITION
<br />GovernmentalGovernmentalBusiness-TypeBusiness-Type
<br />ActivitiesActivitiesActivitiesActivitiesTotalTotal
<br />202120202021202020212020
<br />Revenues
<br />Program Revenues
<br />Charges for services$12,302,588$11,017,147$17,280,874$17,346,626$29,583,462$28,363,773
<br />Operating grants and
<br />Contributions 4,816,658 4,905,134 280,245 236,960 5,096,903 5,142,094
<br />Capital grants and
<br />Contributions 885,421 2,236,032 1,177,519 28,125 2,062,940 2,264,157
<br />General Revenues
<br />Property taxes 24,252,351 23,376,184 - - 24,252,351 23,376,184
<br />Other taxes 1,634,490 1,338,047 - - 1,634,490 1,338,047
<br />Grants & contributions not
<br />Restricted to specific
<br />Programs - - - - -
<br />Investment earnings 436,027 319,237 19,226 6,574 455,253 325,811
<br />Net Increase (decrease) in
<br />fair value of investments (998,170) 285,640 (29,378) 8,827 (1,027,548) 294,467
<br />Gain on Sale of capital asset 10,139 90,058 - 8,029 10,139 98,087
<br />Total Revenues$43,339,504$43,567,479$18,728,486$17,635,141$62,067,990$61,202,620
<br />Expenses
<br />General government$9,700,733$10,031,213$ - $ - $9,700,733$10,031,213
<br />Public safety 12,199,339 13,334,603 - - 12,199,339 13,334,603
<br />Public works 5,784,692 5,804,335 - - 5,784,692 5,804,335
<br />Economic development 3,536,319 2,766,163 - - 3,536,319 2,766,163
<br />Recreation 6,345,259 5,847,653 - - 6,345,259 5,847,653
<br />Interest on debt 523,904 660,497 - - 523,904 660,497
<br />Sanitary sewer - - 4,569,332 4,748,858 4,569,332 4,748,858
<br />Water - - 7,406,174 6,654,634 7,406,174 6,654,634
<br />Golf - - 501,318 480,815 501,318 480,815
<br />Storm drainage - - 1,498,814 1,814,662 1,498,814 1,814,662
<br />Recycling - - 586,429 638,481 586,429 638,481
<br />Total Expenses$ 38,090,246$ 38,444,464$ 14,562,067$ 14,337,450$ 52,652,313$ 52,781,914
<br />Change in Net Position before
<br />Transfers$5,249,258$5,123,015$4,166,419$3,297,691$9,415,677$8,420,706
<br />Transfers - - - - - -
<br />Increase (decrease) in
<br />Net position 5,249,258 5,123,015 4,166,419 3,297,691 9,415,677 8,420,706
<br />Net position, January 1
<br />$153,724,052$148,601,037$43,322,223$40,024,532197,046,275 188,625,569
<br />Net position on December 31st$158,973,310$153,724,052$47,488,642$43,322,223$206,461,952$197,046,275
<br />21
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