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<br />CITY OF ARDEN HILLS, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 1998 I <br /> <br />YEAR 2000 ISSUE (UNAUDITED e <br /> <br />The year 2000 issue is the result of shortcomings in many electronic data processing systems and other electronic equipment that I <br />may adversely affect the government's operations as early as fiscal year 1999. <br /> <br />I <br /> <br />The City has completed an inventory of computer systems and other electronic systems that may be affected by the year 2000 <br />issue and that are necessary to conducting City operations. The City has assessed the areas that are critical to operations and is in I <br />the process of obtaining assurances from their vendors. <br /> <br />Because of the unprecedented nature of the year 2000 issue, its effects and the success of related remediation efforts will not be <br />fully determinable until the year 2000 and thereafter. Management cannot assure that the City is or will be year 2000 ready, that I <br />the City's remediation efforts will be successful in whole or in part, or that parties with whom the City does business will be year <br />2000 ready. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />el <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />el <br /> <br />-48- <br /> <br />I <br />