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Internal Service Fund The Workmen's Compensation Self-Insurance Fund was established January l, 1980, to provide funds to cover potential losses that could result from the City's conversion to a sel£-insurance plan. The City's contribution to this fund for 1982 was set at �100,00D. All awards of compensation, legal fees, administrative cost and the premium for excess coverage will be paid from this fund. For 1982, the City cvas self-insured for the first $120,000 i.n claims per occurrence. Trust and Agency Fund This fund was established to account for the operation of tlie Northwest Youth Service Bureau. The Bureau is a separate nonprofit organization which was established under a joint powers agreement between tlle City of Roseville and other governmental units. In accordance with the terms of the agreement, the City provides accowzting services to the Bureau. General Fixed Assets Account Group General Fixed Assets are those fixed assets used in the per£ormance of general governmental functions and exclude fixed assets of the enterprise funds. The City hss chosen to report all public domain fixed assets, such as streets, storm se��er, and similar assets that are immovable and of value only to the City. The City has started a program of reviewing the machinery and equipment inventory. Adjustments have been made to the inventory records, and are reflected in the additions and deduction columns of the General ;ixed Asset records. General Long-Term Debt Account Group General long-term debt is used to accoimt for general obligation bonds, accrued vacation pay and compensatory time off for governmental fund types, and other forms of long-term debt supported by general revenues, and are obligations of the City as a whole and not its individual funds. Independent Audit State law provides that the City may arrange for examination of its booics by a Certified Public Accotmtant or the State Auditor. It has been a long-standing practice of the City to provide for an annual audit of City records Uy a Certified Public Accountant. The accountant's opinion has been included in tliis report. Certificate of Conformance "The Mtmicipal Finance Officers Association of the United States and Canada (MFOA)" awarded a Certificate of Conformance in Pinancial Reporting to the City of Roseville, b9innesota, for its comprehensive annual financial report for the iiscal year ended December 31, 1931.