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C ITY OF R OSEVILLE, M INNESOTA
<br />M ANAGEMENT Ó S D ISCUSSION AND A NALYSIS
<br />For Year Ended December 31, 2023
<br />F INANCIAL A NALYSIS OF THE G OVERNMENT Ó S F UNDS
<br />Analysis of the CityÓs Operations Î Governmental activities increased the City of Roseville's net
<br />position by $5,582,318; Business-type activities increased RosevilleÓs net position by $4,641,931; for an
<br />overall increase of $10,224,249. Key elements of this increase are as follows:
<br />CONDENSED STATEMENT OF CHANGES IN NET POSITION
<br />GovernmentalGovernmentalBusiness-TypeBusiness-Type
<br />ActivitiesActivitiesActivitiesActivitiesTotalTotal
<br />202320222023202220232022
<br />Revenues
<br />Program Revenues
<br />Charges for services$10,092,925$14,623,582$21,201,948$17,826,843$31,294,873$32,450,425
<br />Operating grants and
<br />Contributions4,847,508 5,513,179 182,014 95,927 5,029,522 5,609,106
<br />Capital grants and
<br />Contributions 1,544,559 6,205,118 349,840 98,211 1,894,399 6,303,329
<br />General Revenues
<br />Property taxes 26,143,346 24,964,220 - 26,143,346- 24,964,220
<br />Other taxes 2,826,147 1,817,870 - - 2,826,147 1,817,870
<br />Grants & contributions not
<br />Restricted to specific
<br />Programs - - - -
<br />Investment earnings 1,117,581 648,345 150,502 60,808 1,268,083 709,153
<br />Net Increase (decrease) in
<br />fair value of investments 1,961,633 (5,596,474) (162,264) (347,228) 1,799,369 (5,943,702)
<br />Gain on Sale of capital asset 249,985 1,464,277 26,414 34,450 276,399 1,498,727
<br />Total Revenues$48,783,684$49,640,117$21,748,454$17,769,011$70,532,138$67,409,128
<br />Expenses
<br />General government$8,353,906$11,681,627$8,353,906$11,681,627
<br />$ -$-
<br />Public safety17,997,888 16,967,185- - 17,997,888 16,967,185
<br />Public works 6,592,587 8,777,781- - 6,592,587 8,777,781
<br />Economic development 1,887,813 3,985,490- - 1,887,813 3,985,490
<br />Recreation 7,525,663 7,315,293- - 7,525,663 7,315,293
<br />Interest on debt 343,509 396,986 21,427 26,596 364,936 423,582
<br />Sanitary sewer - - 4,788,374 4,558,112 4,788,374 4,558,112
<br />Water - - 9,403,379 8,007,013 9,403,379 8,007,013
<br />Golf - - 622,209 521,681 622,209 521,681
<br />Storm drainage - - 1,901,167 1,672,286 1,901,167 1,672,286
<br />Recycling - - 869,967 867,109 869,967 867,109
<br />Total Expenses42,701,366$ $ 49,124,362$ 17,606,523$ 15,652,797$ 60,307,889$ 64,777,159
<br />Change in Net Position before
<br />Transfers$6,082,318$515,755$4,141,931$2,116,214$10,224,249$2,631,969
<br />Transfers (500,000) (5,179) 500,000 5,179 - -
<br />Special Item - Disposal of Metro-INET (1,504,232)- - - -
<br /> (1,504,232)
<br />Increase (decrease) in
<br />Net position5,582,318 (993,656) 4,641,931 2,121,393 10,224,249 1,127,737
<br />Net position, January 1
<br />$158,467,636$159,461,292$49,610,035$47,488,642208,077,671 206,949,934
<br />Net position on December 31st$164,049,954$158,467,636$54,251,966$49,610,035$218,301,920$208,077,671
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