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State Fina�cial Legislation <br />The 19?8 ?4innesota Legislature enacted. Chapter 787 ro staadarize and improve <br />municipal financial reporting so Chac financial. reports will accurately present a <br />City's financial position and conform to generally accepted accounting principles <br />This report complies with these requirements. <br />Indenendent Audit <br />State 1aw provides that Lhe City may arrange for examination of i.ts books by a <br />Certified Public Accoun�ant or the State Auditor. It has Seen a long-standing <br />practice of the City to provide for an annual audit of City records by a Certified <br />Public 9ccountant. The accountant's opinion has been included in this report. <br />Certificate of Conformance <br />"The Municipal Finance Officers Association of the United States and Canade (MFOA) ��.. <br />awarded a Certificate of Conformance in Financial Reporting to the City of Roseville, �.. <br />Minnesota for its comprehensive annual financial report for the fiscal year ended ��� �'�.. <br />December 31, 1979. . <br />In order to be acaarded a Certificate of Conformance, a governmental unic must <br />publish an easily readable and efficieetly o-rganized comprehensive annual fi.nancial <br />report, whose contents conform to program standards. Such reports must satisfy <br />both generally accepted accounting principles and applicable legal requirements. A <br />Certificate of Conformai,ce is valid for a period of one year on1y. We believe our <br />current report continues to conform to Certificate of Conformance Program require�nents, <br />and �ae are submitting it to MFOA to determine its eligibility for another certificate." <br />Acknccaledgements <br />The preparation of this report on a timely basis could not be accomplished without <br />the efficient and dedicated services of the entire staff of the Finance Department. <br />We should like to exoress our appreciation to a11 members of the department who <br />assisted and contributed to its preparation. We should also like to thank the <br />members of the City Council for their interest and support in planning and conducting <br />the financial operations of the City in a responsible and progressive manner. <br />Respectfully submitted, <br />James F. Andre <br />City Manager <br />Donald Sholund <br />Finance Director <br />12 <br />