Annual_Report_1997_001 - Laserfiche WebLink

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�� It is expected that during the years 1998 through 2000, the City wil] see the completion of the Centre i'ointe area build out and the completion of the Opus Development's l9 acre industrial park. Both projects will contribute to maintaining Roseville as a sCrong economic city. The Ciry has formed a number of citizen groups which will be bringing back ideas to the Council in late 1998, on additional pubiic improvements for which strong public support may exist. With the support of the area's cable operator, it is expected Chat additionai Internet technology will be added to the community in 1998 and beyond as citizens become more technologically comfortable. The city is expected to work closely with staff, cable operators, and others to aid the citizens in moving in this direction. �-�. u- , • - � � - A major emphasis in 1997, was the installation and upgrading of computer equipment for nearly all departments to provide strong, consistent and productive camputer power for thase areas which could directly benefit. This program also included, a state-of-the- art e-mail system which provides communicaCion capability with not only city deparCmenCs, but also with neighboring cities. Additional computer Cechnology was added with the broadening of the city's geographic information systems. Land use planning, engineering, zoning, and park planning have all been strengthened with the development of and implementation of geographic data bases. This data can be easily structured into useful relevant material including online information and detailed maps. Financial Informat ion o • � i• -u , � : ��- � • The accounting system provides for a complete, self-balancing account group for each fund of the City. Accounting records are maintained on the modified accrual basis for the governmental type funds, and trust and agency funds, and the accrual basis of accounting is utilized for the proprietary type funds, as defined in the notes to the financial statements. In developing and altering the City's accounting system, consideration is given to the adequacy of intemal accounting controls. Internal accounting controls are designed to provide reasonable, but not abso]ute, assurance regarding the safeguarding of assets againstloss from unauthorized use or disposition and Yhe reliability of financial records for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance recognizes that the cost of a control should not exceed the benefits likely to be derived, and the evaluation of costs and benefits requires estimates and judgments by management. All internal control evaluations occur within the above framework. We believe the City's internal 4