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�ity �f t�;� ti/ �-_ -� �.�.��, ��.� June 10, 1999 To the Honorable Mayor, members of thP. City Council, and the Citizens of the City of Roseville: Tntroduction The Comprehensive Annual Financiai Report of the City of Roseville, Minnesota, for the fiscal year ended December 31, 1998, is hereby submitted as mandated by state statutes. These statutes require that the City of Roseville issue annually a report on its financiai posi6on and activity, and that this report be audited by an independent firm of certified public accountants or the state auditor. Responsibility for both the accuracy of the data, and the completeness and faimess of the presentatior., including a.11 disclosur�s, rests with the management. To the best of o�r knowiedge and belief, the enclosed data aze accurate in all material respects and are reported in a manner that presents fairly 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 oi 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 whicti is unaudited and includes this letter of transmittat, an organizational chart, and a list of the City of Roseville's principal elected and appointec officials. 3ection II is the financial section ar:d inctudes the general purpose financiat 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, gene:ally presented on a multi-year basis. Section IV contains the auditor reports on compliance, intemal controls and required supplementary information. The financial reporting entity includes all the funds and account groups of the primary government (i.e. the City of Roseville as legally defined), as well as all of its component units. Component cnits aze iegally segarate entifles for which the �rimary government is financially accoun2able. The City provides a full range of services including police and f�re protection; water and sanitation services; the construction and maintenance of highways, streets, and infeastructure; and pazks and recreational activities.