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General-LonQ-Term Debt Account Group <br />General long-term debt is used to account for general obligation bonds, accrued <br />vacation pay and compensatory time off for governmental fund types, and other <br />forms of long-term debt supported by general revenues, and are obligations of the <br />City as a whole and not its individual funds. <br />Independent Audit <br />State law provides that the City may arrange for examination of its books by a <br />certified public accountant or the State Auditor. It has been a long-standing <br />practice of the City to provide for an annual audit of City records by a certified <br />public accountant. The Auditor's opinion has been included in this report. <br />Certificate of Conformance <br />"The Government Finance Officers Association of the United States and Canada <br />(GFOA) awarded a Certificate of Conformance in Financial Reporting to the City of <br />Roseville, Minnesota, for its comprehensive annual financial report for the fiscal <br />year ended December 31, 1983. <br />In order to be awarded a Certificate of Conformance, a governmental unit must <br />publish an easily readable and efficiently organized comprehensive annual <br />financial report, the contents of which must conform to program standards. Such <br />reports must satisfy both generally accepted accounting principles and applicable <br />legal requirements. A Certificate of Conformance is valid for a period of one <br />year only. We believe our current report continues to conform to Certificate of <br />Conformance program requirements, and we are submitting it to GFOA to determine <br />its eligibility for another certificate." <br />AcknowledRments <br />The preparation of this report on a timely basis could not be accomplished without <br />the dedicated services of the entire staff of the Finance Department. We express <br />our appreciation to all members of the department who assisted and contributed <br />to its preparation, and thank the firm of George M. Hansen Company, P.A., for <br />their professional assistance. We thank the members of the City Council for <br />their interest and support in planning and conducting the financial operations of <br />the City in a responsible and progressive manner. <br />Respectfully submitted, <br />� <br />�Fim����� v�s�-z. <br />/James F. Andre, City Manager <br />� G".,,cf,�/_\ ��Lurk� ` <br />� <br />Donald Sholund, Finance Director <br />