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that added to the relative stability of the unemployment rate. Major industries with headquarters or divisions located within the govei-nment's boundaries or in close proximity include computer hardware and software manufacturers, electrical controls and medical services, and several divisions of state government departments which administer the state highway system and the State's educational administration of K-12 operations. The City of Roseville area has an employed labor force of approximately 40,000 which is anticipated to remain steady for the foreseeable future. Because of the fully developed nature of the community, the opportunity for new and expanded housing is limited. The city's emphasis has been, in recent years, on assisting homeowners to redevelop and remodel the current available housing so that as the change-over from older residents occurs, younger families will continue to be attracted to Roseville. Long-term Financial Planning. The city council annually participates in the development of the City's long-term goals and objectives. Recently adopted goals include; establishing adequate funding mechanisms for infrastructure replacement, redeveloping the City's housing options, and securing f'unds for new initiatives. The city is also working closely with state, federal and neighboring communities to improve the area's state and county transportation network, which includes upgraded highways and strategically-placed pathways. Funding for most of the transportation improvements wi11 need to come from state, county and federal sources, with a smaller portion supported by the local taxpayers. Relevant Financial Policies. As part of the annual budget process, the City reviews a number of fiscal and budget policies. There have been no significant changes to these policies from the previous year. However, the City's policy on cash reserve levels for some operating funds is not being met based on cun-ent reserve levels. Future compliance is expected through planned systematic operating surpluses. Major inifiatives. Each year the goal of the City is to provide residents and businesses with the necessary and desired services in the most efficient manner while limiting the financial burden to taxpayers. Secondary goals center on the allocation of resources to uphold previously identified community aspirations, and meeting the needs identi�'ied in the most recent citizen survey. Those aspirations included the following: City of Roseville Community Aspirations 0 Welcoming, inclusive, and respectful; 0 Safe and law-abiding; 0 Economically prosperous, with a stable and broad tax base; 0 Secure in our diverse and quality housing and neighborhoods; 0 Envuonmentally responsible, with well-maintained natural assets; 0 Physically and mentally active and healthy; 0 Well-connected through transportation and technology infrastructure; and 0 Engaged in our community's success as citizens, neighbors, volunteers, leaders, and businesspeople. 3