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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 />C APITAL A SSETS
<br />The City of RosevilleÓs investment in capital assets for its governmental and business type activities as of
<br />December 31, 2023, amounts to $187,995,903 (net of accumulated depreciation) Î a decrease of
<br />$2,482,846 from the previous year. This investment in capital assets includes land, buildings, infrastructure,
<br />machinery and equipment.
<br />Major capital asset events during the current fiscal year included the following:
<br />Approximately $2.6 million in improvements to the CityÓs speed skating facility and streets
<br />Approximately $1 million in improvements to the CityÓs sewer lines, water lines, lift stations and
<br />storm drainage infrastructure.
<br />Depreciation of capital assets exceeded additions which resulted in the $2.5 million decrease from
<br />the prior year.
<br />CAPITAL ASSETS AT YEAR-END
<br />NET OF ACCUMULATED DEPRECIATION
<br />GovernmentalGovernmentalBusiness-TypeBusiness-Type
<br />ActivitiesActivitiesActivitiesActivitiesTotalTotal
<br />202320222023202220232022
<br />Land & easements$37,072,750$37,072,750$893,299$893,299$37,966,049$37,966,049
<br />Buildings 26,280,766 24,362,677 2,387,772 2,512,380 28,668,538 26,875,057
<br />Improvements other
<br />Than buildings 7,625,848 5,652,986 163,175 223,483 7,789,023 5,876,469
<br />Machinery & equipment 7,779,596 7,466,158 1,095,135 1,145,720 8,874,731 8,611,878
<br />Infrastructure 59,747,433 60,895,798 43,502,411 43,699,401 103,249,844 104,595,199
<br />Construction in progress 869,611 5,647,514 578,107 906,583 1,447,718 6,554,097
<br />Total Capital Assets$139,376,004$141,097,883$48,619,899$49,380,866$187,995,903$190,478,749
<br />Additional information on the City of RosevilleÓs capital assets can be found in Notes 1D and Note
<br />3-C in the Notes to the Financial Statements section of this report.
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