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,�,�e�-t° a��ce. When you need i�.�' INDEPENDENT AUDITOR'S REPORT Honorable Mayor and Members of the City Council City of Roseville Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business- type activities, the discretely presented component unit, each major fund and the aggregate remaining fund infonnatian of the City of Roseville, Minnesota, as of and for the year ended December 31, 2014, and the related Notes to the Financial Statements, which collectively comprise the City's basic financial statements as listed in the Table of Contents. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparati�n and. fair presentation af financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express opinions on these financial statements based on aur audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Gove�nment Auc�iting Stnncic��ds, issued by the Cc�mptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statenzents are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amaunts and disclosures in the financial siatements. The procedures selected depend on the auditor's judgment, ilzcluding the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the City's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion an the effectiveness of the City's internai control. Accordingly, we express no such opinion. An audit atso includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accaunting estimates made by management, as well as evaluating the overall presentation of tlze tinancial statements. Expert culviee. Whex yoia zceed it. sM Certified PuLtic AccUratatarets Wealt}i Marutgenterrt Payroli Serviees Btrsirtess Vc�trcatiol�s TecFrttologf Services St. Cloud 220 Park Avenue S. P.O. Box 1304 St. Cloud, Mi�ulesota 56302 Phone: 320.251.7010 Fax: 320.251.1784 Twin Cities 3800 American Boulevard W. Suite 1000 Minneapolis, Minnesota 55431 Phone: 952.563.6800 F�x:952.563.6801 www.kdv.com Toll Free 877.912.7696 Technolagy Helv Desk 8b6.400.6426