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rh city continues to address the maintenance mat condition of its local roads..using 'the as,sessment process. that was put. On .place in 201,5. In 201.7, .arsignittleant road reconstruction project, was completed on Alpine Drive and Surrwood .Drive.„ .R„arnsey is home: to hint (Ircd ntsuccessful and growing businesses. The city weleomed 17 new businesses in 201, 7 that generated approximately 200,000 square feet of new commercial and industrial space. Total new critistruction value i„)if bolt residential aad ernumereiatiindustrial, projects investedin the COMrriallity in 2011, was 35 million., Year 2017 saw the city's community develop:Prm t department. implement electronic plan review and project, management which will reducc plan review time by 50/0 and provide self-service for customers, 'The IT departmcnt .finisbcd, out t1ie. year with rede.signing the city's, website, The new updated Site is ex,peetcd, to go live in the .sprirkg. of 201 CAT E 0,F ,A,C„HlICV,EMEN1' The Government Finance Oil:leers Association of the United Stitts and Canada ((.FOA) awarded the C.crtificate of .Achicvemeat ibr 'Excellence in Financia.1 Reporting (c Al''..IFR) to the City 'IrOr its CATTR for the year ended December 31,, 2016. This was Ike twenty-third consecutive year the City has received this prestigious award„ .Ako, the City had previously received the award .from I 98I through 1988,, after which flui C ny did not participate in the program for several years. The CAEFR is valid for a period of one year only. 'We believe our current CAFR. CorilinneS to meet the CMTR 'Program's requirements and .we are submitting .it to the Cif OA to determine its eligibility for another certcate. ACKNOWLE'DGMENT The 2017 CA.F R. of the City meets the ,highest professional standards and was prepared in a timely and Cost- effective manner. 'This could never have been accomplished without the excellent workof the entire Finance Department We would likc. to express oar appreciation to the, Finance Dep,artment and all members of the City's staff who contributed to its preparation. Respectfully submitted, Kurt 1.1.irich Diana I Allid City .A.d„ni. inist raror Finance Director 17