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<br />that added to the relative stability of the unemployment rate. Major industries with headquarters or <br />divisions located within the government’s boundaries or in close proximity include computer hardware <br />and software manufacturers, electrical controls and medical services, and several divisions of state <br />government departments which administer the state highway system and the State’s educational <br />administration of K-12 operations. <br /> <br />The City of Roseville area has an employed labor force of approximately 40,000 which is anticipated to <br />remain steady for the foreseeable future. <br /> <br />Because of the fully developed nature of the community, the opportunity for new and expanded housing <br />is limited. The city's emphasis has been, in recent years, on assisting homeowners to redevelop and <br />remodel the current available housing so that as the change-over from older residents occurs, younger <br />families will continue to be attracted to Roseville. <br /> <br />Long-term Financial Planning. The city council annually participates in the development of the City’s <br />long-term goals and objectives. Recently adopted goals include; establishing adequate funding <br />mechanisms for infrastructure replacement, redeveloping the City’s housing options, and securing funds <br />for new initiatives. <br /> <br />The city is also working closely with state, federal and neighboring communities to improve the area's <br />state and county transportation network, which includes upgraded highways and strategically-placed <br />pathways. Funding for most of the transportation improvements will need to come from state, county <br />and federal sources, with a smaller portion supported by the local taxpayers. <br /> <br />Relevant Financial Policies. As part of the annual budget process, the City reviews a number of fiscal <br />and budget policies. There have been no significant changes to these policies from the previous year. <br />However, the City’s policy on cash reserve levels for some operating funds is not being met based on <br />current reserve levels. Future compliance is expected through planned systematic operating surpluses. <br /> <br />Major Initiatives. Each year the goal of the City is to provide residents and businesses with the <br />necessary and desired services in the most efficient manner while limiting the financial burden to <br />taxpayers. Secondary goals center on the allocation of resources to uphold previously identified <br />community aspirations, and meeting the needs identified in the most recent citizen survey. Those <br />aspirations included the following: <br /> <br />City of Roseville Community Aspirations <br /> <br /> Welcoming, inclusive, and respectful; <br /> Safe and law-abiding; <br /> Economically prosperous, with a stable and broad tax base; <br /> Secure in our diverse and quality housing and neighborhoods; <br /> Environmentally responsible, with well-maintained natural assets; <br /> Physically and mentally active and healthy; <br /> Well-connected through transportation and technology infrastructure; and <br /> Engaged in our community’s success as citizens, neighbors, volunteers, leaders, <br />and businesspeople.  <br /> <br />3 <br />Item 8: Attachment D