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City of Roseville, MinnesotaStatement 1
<br />STATEMENT OF NET POSITION(Page 1 of 1)
<br />December 31, 2023
<br />Primary Governmen
<br />t
<br />Governmental Business-Type
<br />ActivitiesActivitiesTotals
<br />ASSETS
<br />Cash and cash equivalents55,247,562$ 7,416,399$ 62,663,961$
<br />Receivables
<br />Accounts 760,731 4,355,121 5,115,852
<br />Taxes 625,045 - 625,045
<br />Investment interes
<br />t 204,918 27,261 232,179
<br />Special assessments 526,827 594,634 1,121,461
<br />Due from other goverments 380,870 27,871 408,741
<br />Notes 2,948,899 - 2,948,899
<br />Leases 3,795,315 - 3,795,315
<br />Prepaids 84,177 294,699 378,876
<br />Assets held for resale 10,410 - 10,410
<br />Net pension asset - fire relief 5,025,594 - 5,025,594
<br />Capital Assets Not Being Depreciated
<br />Land 29,340,857 893,299 30,234,156
<br />Easements 7,731,893 - 7,731,893
<br />Construction in Progress 869,611 578,106 1,447,717
<br />Capital Assets Net of Accumulated Depreciation
<br />Buildings 26,280,766 2,387,774 28,668,540
<br />s 7,625,848 163,174 7,789,022
<br />Improvements other than Building
<br />Machinery, equipment, and vehicles 7,779,596 1,095,134 8,874,730
<br />Infrastructure 59,747,433 43,502,412 103,249,845
<br />Total Assets 208,986,352 61,335,884 270,322,236
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred pension resources 18,381,687 250,093 18,631,780
<br />LIABILITIES
<br />Accounts payable 1,503,556 1,738,501 3,242,057
<br />Accrued payroll 687,417 56,583 744,000
<br />Contracts and retainage payable 34,892 23,684 58,576
<br />Bond interest payable 116,535 14,011 130,546
<br />Due to other governmental units 2,783,067 76,918 2,859,985
<br />Unearned revenue 1,193,352 - 1,193,352
<br />Deposits payable 960,036 1,492,902 2,452,938
<br />Noncurrent Liabilities:
<br /> Due Within One Year 2,949,147 250,675 3,199,822
<br /> Due in More than One Year 31,015,356 3,244,450 34,259,806
<br />Total Liabilities 41,243,358 6,897,724 48,141,082
<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred lease revenue 3,795,315 - 3,795,315
<br />Deferred pension resources 18,279,412 436,287 18,715,699
<br />Total Deferred Inflows of Resources 22,074,727 436,287 22,511,014
<br />NET POSITION
<br />Net Investment in Capital Assets 46,378,287126,897,771 173,276,058
<br />Restricted for:
<br />Fire Relief Pension 5,025,594 - 5,025,594
<br />Law enforcement 437,852 - 437,852
<br />Public Safety Aid 1,594,625 - 1,594,625
<br />Telecommunication 72,768 - 72,768
<br />Community development 4,399,493 - 4,399,493
<br />Park dedication 2,172,845 - 2,172,845
<br />Tax increment 5,506,016 - 5,506,016
<br />Debt service 2,250,234 - 2,250,234
<br /> Housing and Economic Development 919,566 - 919,566
<br />Unrestricted 14,773,190 7,873,679 22,646,869
<br />Total Net Position$ 164,049,954$ 54,251,966$ 218,301,920
<br />The notes to the financial statements are an integral part of this statement.
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