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June 15, 2022 <br />To the City Council and Citizens of the City of Roseville: <br />Minnesota statutes require all cities to issue an annual report on its financial position and activity prepared <br />in accordance with generally accepted accounting principlesin the United States of America(GAAP),and <br />audited in accordance with generally accepted auditing standards by a firm of licensed certified public <br />accountants or the Office of the State Auditor. Pursuant to that requirement, we hereby issue the <br />comprehensive annual financial report of the City of Roseville for the fiscal year ended December 31, <br />2021. <br />Consequently, management assumes full responsibility for the completeness and reliability of all of the <br />information presented in this report. To provide a reasonable basis for making these representations, <br />management of the City of Roseville has established a comprehensive internal control framework that is <br />GAAP. Because the cost of inter <br />internal controls havebeen designed to provide reasonable rather than absolute assurance that the financial <br />statements will be free from material misstatement. As management, we assert that, to the best of our <br />knowledge and belief, this financial report is complete and reliable in all material respects. <br />Redpath and Company,a firm of <br />licensed certified public accountants. The goal of the independent audit was to provide reasonable <br />assurance that the financial statements of the City of Roseville for the fiscal year ended December 31, <br />2021are free of material misstatement. The independent audit involved examining, on a test basis, <br />evidence supporting the amounts and disclosures in the financial statements; assessing the accounting <br />principles used and significant estimates made by management; and evaluating the overall financial <br />statement presentation. The independent auditor concluded based upon the audit, that there was a <br />the fiscal year ended December 31, 2021, are fairly presented in conformity with GAAP. Theindependent <br />GAAP requires that management provide a narrative introduction, overview, and analysis to accompany <br />the basic financial statements in the form of Ma <br />of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City <br />1 <br /> <br />