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1�1��'��-� May 28, 1995 To the Aonorable Mayor, members of the City Council and the Citizens of the City of Roseville: Introduction 'I'he Comprehensive Annual Financial Report of the City of Roseville, Minnesota, for the fiscal year ended December 31, 1994, is hereby submittecl as mandated by state statutes. These statutes require that the City of Roseville issue annually a report on its financial position and activity, and that this report be audited by an independent firm of certified public accountants or the state auditor. Responsibiliry for both the accuracy of the data, and the completeness and fairness of the presenration, including all disclosures, rests with the management. To the best of our knowledge and belief, the enclosed data aze accurate in all material respects and aze reported in a manner that presents fairiy the financial position and results of operations of the various funds, accounts groups and component units of the City of Roseville. All disclosures necessary to enable the reader to gain an understanding of the City of Roseville's activities have been included. _ The report was prepazed by the City's Finance Department, and consists of four sections: Section I is the introductory section, which is unauditeci and includes this letter of transmittal, an organizational chart and a list of the City of Roseville's principal elected and appointed officials. Section II is the financial section and includes the general purpose financial statements and the combining and individual fund and account group statements and schedules, as well as the independent auditor's report on these financial statements and schedules. Section III is the statistical section which is unaudited. This section includes selected financial and demographic information, generally presented on a multi-year basis. Section IV contains the auditor reports on compliance and internal controls. The City of Roseville is required to undergo an annual single audit in conformity with the provisions of the Single Audit Act of 1984 and the U.S. Office of Management and Budget's Circular A-128, Audits of State and Local Governments. 1 2660 (:I�'IC CE\TER DRI\'E • ROSE\"ILLE • 3IIN\ESOTA • 55113-1899 , G13--�90-3300 • TDD 612-�90-2205