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■ i� L <br />Management Discussion and Analysis (page 3) <br />■ Prepared by City's Management to provide an overview of the City's <br />activities and financial performance for the fiscal year ended June <br />30, 2011. <br />Includes management's analysis of significant changes compared to <br />prior year financial activities. <br />■ Should be read in conjunction with the basic financial statements <br />and footnotes. <br />Maze & Associates, CPAs 5 <br />