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Section III is the statistical section which includes the previ- ous years' financial and nonfinancial data. Section IV contains the single audit schedules and reports. The City's financial statements include all funds, account groups, departments, agencies, boards, commissions, and other ' organizations over which City officials exercise oversight ', responsibility. ' Oversight responsibility includes such aspects as appointment of governing body members, budget approval of property tax levies, outstanding debt secured by City full faith and credit or reve- nues, responsibility for funding deficits, and others. As a result of applying the criteria of NCGA Statement 3, the Fire Relief Association and Independent School Districts #621 and #623 have been excluded from the City's Financial statements. Economic Condition and Outlook Summarv of Local EconomV The Metropolitan area continued to be economically strong in 1990 despite the general weakening of the national economy. The metro unemployment rate ended the year at approximately 3.3% as com- pared to the U.S. average of 5.80. Roseville, as part of subur- ban Ramsey County had an unemployment rate of approximately 2.5e, illustrating a significant stronger economy in our immedi- ate trade and employment area. The most recent retail sales data (1989) indicates the City of Roseville is continuing to be one of the major retailing centers of the Metropolitan area. Gross retail sales in 1989 within Rose- ville have increased 33% over 1988 and the higher level of such sales are expected to continue on into 1990. The rate of growth was due primarily to higher food, automobile and home furnishings sales. Because of Roseville's development as a major retail center, we would expect a continuing higher level of growth than that of the State as a whole. Major Industries While the growth of the City's two major employers, Unisys Corpo- ration and NCR Comten was minimal, the decline being experienced by the computer industry did not have a significant impact during 1990. Total employment of those two organizations dropped from approximately 8,000 to 5,000 in 1989 however rose to 5,350 in 1990. The commercial, retail and insurance sectors continued to grow substantially in line with the expansion of those markets. Future Economic outlook The Metropolitan Council has estimated that Roseville will have 45,000 jobs by the year 2000. While tne achievement of that goal 0