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to guide future decisions and to direct financial and other resources. It is expected that this <br /> community vision will continue to serve as a guiding tool for the next year or two, with a new <br /> strategic planning effort underway in 2015. <br /> Achieving these goals and strategies are not expected to have a significant financial impact <br /> however. It is expected that a portion of existing resources will be redirected to the extent <br /> possible. In addition, it is expected that future debt obligations will decline which will allow <br /> existing resources dedicated to debt service to be re-purposed. <br /> Awards and Acknowledgements <br /> The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement <br /> for Excellence in Financial Reporting to the City of Roseville for its comprehensive annual <br /> financial report (CAFR) for the fiscal year ended December 31, 2013. This was the 35th <br /> consecutive year that the city has received this prestigious award. In order to be awarded a <br /> Certificate of Achievement, the government published an easily readable and efficiently <br /> organized CAFR. This report satisfied both GAAP and applicable legal requirements. <br /> A Certificate of Achievement is valid for a period of one year only. We believe that our current <br /> CAFR continues to meet the Certificate of Achievement Program's requirements and we are <br /> submitting it to the GFOA to determine its eligibility for another certificate. <br /> In addition, the government also received the GFOA's Distinguished Budget Presentation Award <br /> for its annual budget document dated January 1, 2014. In order to qualify for the Distinguished <br /> Budget Presentation Award, the government's budget document was judged to be proficient in <br /> several categories, including as a policy document, a financial plan, an operations guide, and a <br /> communications device. <br /> The preparation of this report would not have been possible without the dedicated services of the <br /> Finance Department Staff. I would like to express my appreciation to all members of the <br /> department who assisted and contributed to the preparation of this report. Credit must also be <br /> given to the Mayor and the City Council for their unfailing support for maintaining the highest <br /> standards of professionalism in the management of the City of Roseville's finances. <br /> Respectfully submitted <br /> Christopher K. Miller <br /> Finance Director <br /> 4 <br />