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City of Roseville, MinnesotaStatement 5 <br />RECONCILIATION OF THE STATEMENT OF REVENUES,(Page 1 of 1) <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, 2021 <br />Net Change in Fund Balances - Total Governmental Funds$ (958,306) <br />Amounts reported for governmental activities in the Statement of Activities <br />are different because: <br />Governmental funds report capital outlay as expenditures and do not report capital <br />contributions. However, in the Statement of Net Position, the cost of these assets is <br />capitalized and depreciated over their estimated useful lives with depreciation expense <br />reported in the Statement of Activities and capital contributions are reported as program revenue. (2,853,784) <br />Net effect of sales, trade-ins and retirements of capital assets (97,979) <br />Issuance of long-term debt (e.g., bonds) - <br />Payments on general obligation debt 7,040,000 <br />Premium on general obligation bonds amortized 154,681 <br />Net change due to internal service funds incorporated into statement of activities (172,366) <br />Net change in net pension obligation - City 2,172,385 <br />Net change in net pension asset - Fire Relief 852,102 <br />Net change in net pension obligation - OPEB 31,322 <br />Change in compensated absences (243,956) <br />Change in bond interest payable 8,126 <br />Adjustment for modified accrual revenue recognition related to Special <br /> assessments, delinquent property tax and delinquent tax increment (194,985) <br />Change in Net Position of Governmental Activities$ 5,737,240 <br />The notes to the financial statements are an integral part of this statement. <br />36 <br /> <br />