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City of Roseville, MinnesotaStatement 3
<br />BALANCE SHEET(Page 2 of 2)
<br />GOVERNMENTAL FUNDS
<br />December 31, 2024
<br />Capital Projects
<br />EconomicOther Total
<br />RevolvingIncrementsStreetGovernmental Governmental
<br />Debt ServiceImprovementsConstructionConstructionFunds Funds
<br />ASSETS
<br /> Cash and investments2,360,558$ 16,116,609$ 6,904,193$ 5,214,317$ 1,223,309$ 54,711,812$
<br /> Investment interest receivable8,641 58,912 25,274 19,088 2,320 199,588
<br />
<br /> Accounts receivable 21,859- - - 325,526 659,877
<br /> Taxes receivable 39,15929,529 83,115 14,918 2,568 474,302
<br /> Special assessments receivable- - - 481,850 - 504,539
<br />
<br /> Due from other governments- 50,000 - 84,212 - 209,132
<br />
<br /> Due from other funds -- - - - 10,000
<br />
<br /> Notes receivable -- - - - 5,696,203
<br /> Lease receivable -- - - - 3,434,523
<br />Property held for sale -- - - - 10,410
<br />
<br />Prepaid items -- - - - 59,911
<br />TOTAL ASSETS2,398,728 16,286,539 7,012,582 5,814,385 1,553,723 65,970,297
<br />LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES AND FUND BALANCES
<br /> Liabilities
<br /> Accounts payable - 326,484 543 1,814 75,946 1,084,459
<br /> Accrued payroll - - - - 117,330 912,199
<br /> Due to other funds - - 10,000 - - 10,000
<br /> Due to other governmental units - - - - 584,028 4,723,476
<br />
<br /> Unearned Revenue - - - - - 214,667
<br /> Deposits payable - 21,655 - - - 762,361
<br /> Total Liabilities - 348,139 10,543 1,814 777,304 7,707,162
<br /> Deferred Inflows of Resources
<br /> Unavailable Revenue - related to leases - - - - -
<br /> 3,434,523
<br /> Unavailable Revenue - property taxes 29,529 39,159 82,756 14,918 2,568
<br /> 473,972
<br /> Unavailable Revenue - special assessments - - - 481,849 -
<br /> 481,849
<br /> Total Deferred Inflows of Resoures 29,529 39,159 82,756 496,767 2,568 4,390,344
<br />
<br />FUND BALANCE
<br /> Nonspendable - - - - - 59,911
<br /> Restricted
<br /> Law Enforcement - - - - 200,370 578,598
<br /> Telecommunications - - - - 67,813 67,813
<br />
<br /> Public Safety Aid - - - - - 397,179
<br />
<br /> Community Development - - - - - 4,365,513
<br />
<br /> Park Dedication - 1,969,963 - - - 1,969,963
<br /> Tax Increment - - 6,919,283 - - 6,919,283
<br /> Debt Service 2,369,199 - - - - 2,369,199
<br /> Housing and Economic Development - - - - -
<br /> 1,144,513
<br /> Committed
<br /> Street Replacement - - - 5,315,804 - 5,315,804
<br /> Assigned
<br /> Parks and Recreation Programs and Maintenance - - - - -
<br /> 2,091,143
<br /> License Center Improvements - - - - 505,668
<br /> 505,668
<br /> Information Technology - - - - - 113,503
<br />
<br /> Engineering Services - - - - - 357,310
<br />
<br /> Accounting Service - - - - - 14,598
<br />
<br /> General Service Reserve - - - - - 1,365,927
<br />
<br /> Capital Projects - 13,929,278 - - - 13,929,278
<br /> Housing and Economic Development - - - - -
<br /> 4,229,183
<br /> Unassigned - - - - - 8,078,405
<br /> Total Fund Balances 2,369,199 15,899,241 6,919,283 5,315,804 773,851 53,872,791
<br />TOTAL LIABILITIES, DEFERRED INFLOWS OF
<br />RESOURCES AND FUND BALANCES$ 2,398,728$ 16,286,539$ 7,012,582$ 5,814,385$ 1,553,723$ 65,970,297
<br />Capital assets (net of depreciation) used in governmental activities and are not financial resources and therefore, are not reported in the funds. 139,433,570
<br />Long term liabilities including bonds payable, are not due and payable in the current period and therefore, are not reported in the funds. (26,835,171)
<br />Internal service funds are used by management to charge the cost of insurance to individual funds. 888,909
<br />Other long term assets are not available to pay for current-period expenditures and, therefore, are deferred or are not reported in the funds.
<br /> Net pension obligation - fire relief 7,306,269
<br />Governmental funds do not report long term amounts related to pensions and OPEB
<br /> Deferred outflow of resources 14,988,810
<br /> Deferred inflow of resources (20,333,627)
<br />Net position of governmental activities$ 169,321,551
<br />The notes to the financial statements are an integral part of this statement.
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