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1�� June 1, 1996 To the Honorable Mayor, members of the City Council and the Citizens of the City of RosevIlle: Introduction T'he Comprehensive Annual Financial Report of the City of Roseville, Minnesota, for the fiscal year ended December 31, 1995, is hereby submitted as mandated by state statutes. These statutes require that the.City of Roseville issue annually a report on its financiai position and activity, and that this report be audited by an independent firm of certified public accountanu or the state auditor. Responsibiliry for boLh the accuracy of :he data, and the completeness and fairness of the presentation, includin� all disclosures, resu with the management. To the best of our lmowledge and belief, the enclosed data are accurate in all material respects and are reported in a manner that presents fairly the financial position and resulu 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 prepared by the City's Finance Department, and consists of four sections: Section I is the introductory section, which is unaudited and includes this letter of transmittal, an organizationat chart and a list of the City of Roseville's principal elected and appointed officials. Section II is the financiai section and includes the general purpose financial statemenu and the combining and individual fund and account group statemenu and schedules, as well as the independent auditor's report on these financiai statements and schedules. Section III is the statisdcal section which is unaudited. 'This section includes seluted financial and demographic information, generally presented on a multi-year basis. Section IV contains the auditor reports on compliance and internal controis. The financial reporting entiry includes all the funds and account groups of the prunary government (i.e. the Ciry of Roseville as legally defined), as well as all of its component uniu. Component units are leeally separate entities for which the primary government is financialiy accountable. _'66U CI�'IC CE\TER DI21�'E • ROSE\"ILLE •�Il\1ESOT:1 • ii173-1ti9�) 67'_-}y0_3'00 • TDD G12--}�)0.?3pi 1