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The City's financial statements include all funds, account <br />groups, departments, agencies, boards, commissions, and other <br />organizations over which City offici.::1s exercise oversight <br />responsibility. <br />Oversight responsibility includes such aspects as appointment of <br />governing body members, budget approval, approval of property tax <br />levies, outstanding debt secured by City full faith and credit or <br />revenues, responsibility for funding deficits, and others. <br />As a result of applying the criteria of NCGA Statement 3, the <br />Fire Relief Association and Independent School Districts #621 and <br />#623 have been excluded from the City's Financial statements. <br />Economic Condition and Outlook <br />Summarv of Local Economv <br />The Metropolitan area was economically strong in 1987, with <br />unemployment at approximately 4.4% as compared to the U.S. <br />average of 6.2�. Roseville, as part of suburban Ramsey County <br />had an unemployment rate of approximately 4.3%, illustrating an <br />slightly stronger economy in our immediate trade and employment <br />area. <br />The most recent retail sales data does indicate the City of <br />Roseville is continuing to be one of the major retailing centers <br />of the Metropolitan area. Retail sales within the city have had a <br />9.2� compounded growth over the past 5 years. Total State of <br />Minnesota retail sales have an equivalent period compounded <br />increase of 6.6�. <br />Ma•jor Industries <br />Local employers found 1987 a continuing growth year. The City's <br />two major employers, Unisys Corporation and NCR Comten continue <br />to provide nearly 5,000 hi-tech jobs. The commercial and retail <br />sector continued to provide a strong employment market as good <br />general business conditions continued through 1987. <br />Future Economic Outlook <br />The Metropolitan Council has estimated that Roseville will have <br />45,000 jobs by 2000. A steady growth from today's level and a <br />growth that will exceed the City's population. It is expected <br />Roseville's population growth will remain steady at approximately <br />35,000. <br />City Initiatives and Financial Highlights During 1987 <br />The City provides a full ranqe of municipal services as <br />authorized by State statute. This includes general government, <br />public safety, public works, parks and recreation, water and <br />sewer utility and community development. Within those areas of <br />responsibilities, the City's goals for 1987 were: <br />2 <br />