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City of Roseville, MinnesotaStatement 1
<br />STATEMENT OF NET POSITION(Page 1 of 1)
<br />December 31, 2024
<br />Primary Government
<br />Governmental Business-Type
<br />ActivitiesActivitiesTotals
<br />ASSETS
<br />Cash and cash equivalents$ 55,871,814$ 9,513,526$ 65,385,340
<br />Receivables
<br />Accounts 659,877 3,602,507 4,262,384
<br />Taxes 474,302 - 474,302
<br />Investment interest 203,732 34,817 238,549
<br />Special assessments 504,539 613,140 1,117,679
<br />Due from other goverments 209,132 96,816 305,948
<br />Notes 5,696,203 - 5,696,203
<br />Leases 3,434,523 - 3,434,523
<br />Prepaids 59,911 309,723 369,634
<br />Assets held for resale 10,410 - 10,410
<br />Net pension asset - fire relief 6,350,448 - 6,350,448
<br />Capital Assets Not Being Depreciated
<br />Land 29,440,857 893,299 30,334,156
<br />Easements 7,731,893 - 7,731,893
<br />Construction in Progress 2,120,237 2,430,823 4,551,060
<br />Capital Assets Net of Accumulated Depreciation and Amortization
<br />Buildings 25,258,000 2,321,217 27,579,217
<br />Right to use lease buildings - 249,441 249,441
<br />Improvements other than buildings 9,182,994 166,613 9,349,607
<br />Machinery, equipment, and vehicles 7,571,385 1,796,073 9,367,458
<br />Right to use lease vehicles - 21,360 21,360
<br />Infrastructure 58,128,204 42,739,041 100,867,245
<br />Total Assets 212,908,461 64,788,396 277,696,857
<br />DEFERRED OUTFLOWS OF RESOURCES
<br />Deferred OPEB resources 181,837 - 181,837
<br />Deferred pension resources 14,806,973 118,100 14,925,073
<br />Total Deferred Outflows of Resources 14,988,810 118,100 15,106,910
<br />LIABILITIES
<br />Accounts payable 1,109,060 1,571,633 2,680,693
<br />Accrued payroll 912,199 122,092 1,034,291
<br />Contracts and retainage payable - 82,049 82,049
<br />Bond interest payable 94,626 11,974 106,600
<br />Due to other governmental units 4,723,476 27,024 4,750,500
<br />Unearned revenue 214,667 - 214,667
<br />Deposits payable 762,361 14,000 776,361
<br />Noncurrent Liabilities:
<br /> Due Within One Year 3,661,221 400,494 4,061,715
<br /> Due in More than One Year 23,329,960 2,705,004 26,034,964
<br />Total Liabilities 34,807,570 4,934,270 39,741,840
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<br />DEFERRED INFLOWS OF RESOURCES
<br />Deferred lease revenue 3,434,523 - 3,434,523
<br />Deferred OPEB resources 492,884 - 492,884
<br />Deferred pension resources 19,840,743 499,749 20,340,492
<br />Total Deferred Inflows of Resources 23,768,150 499,749 24,267,899
<br />NET POSITION
<br />Net Investment in Capital Assets 129,194,910 48,401,095 177,596,005
<br />Restricted for:
<br />Fire Relief Pension 6,350,448 - 6,350,448
<br />Law enforcement 578,598 - 578,598
<br />Public Safety Aid 397,179 - 397,179
<br />Telecommunication 67,813 - 67,813
<br />Community development 4,365,513 - 4,365,513
<br />Park dedication 1,969,963 - 1,969,963
<br />Tax increment7,002,039 - 7,002,039
<br />Debt service 2,304,102 - 2,304,102
<br /> Housing and Economic Development - 1,144,513 1,144,513
<br />Unrestricted15,946,473 11,071,382 27,017,855
<br />Total Net Position169,321,551$ 59,472,477$ 228,794,028$
<br />The notes to the financial statements are an integral part of this statement.
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