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Year 1986 1987 1988 1969 1990 1991 1992 1993 Risi Managptent Internal Service Funds Earninas 2,522,613 2,021,941 2,140,566 2,�43,623 2,774,508 2,652,820 2,536,716 1,869,398 The Florkers' Compensation Self-Inausance Fund was established to service workers' compensation insurance claims. All awards of compensation, legal feea, administrative costs and the premium for excess coverage are paid from this fund. The Workers' Compensation Reinsurance Association provided excess coverage for all claims in 1993 in excess of $230,000 (1992 -$220,000), with no limits. The pragram has proven to be very successful since it was established in 1980. Property taxes have been levied to support the worker's compensation program only 3 out of the past 6 years. The City maintains an internal service $945,000 for General Risk Management. outstanding claim experience, continuing by management, and maintaining higher liability and property damage, the City insurance cost. The City currently has a$50,000 of $100,000. In addition, State liability to $600,000. Other Independent Audit fund of approximately Through a process of risk management reviews deductible on general has been lowering it's deductible with an annual limit Law limits the City's general State law provides that the City may arrange for examination of its books by a certified public accountant or the State Auditor. It has been a long-standing practice of the City to provide for an annual audit of City records by a certified public accountant. The Auditor's opinion has been included in this report. Certificate of Achievement The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Roseville, Minnesota, for its comprehensive annual financial report for the fiacal year ended December 31, 1992. The Certificate of Achieve- 19