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ARNE H. CARLSON STATE AUDITOR SUITE 400; 555 PARK STREET ST. PAUL, MINNESOTA 55103 For Further Information: FOR IMMEDIATE RELEASE (612) 296 -2551 May 5, 1982 STATE AUDITOR ARNE CARLSON ISSUES LINO LAKES FISCAL HEALTH PROFILE A State Auditor's report issued today shows Lino Lakes to be a growing community. State Auditor Arne Carlson in his report stated, "We see more growing communities around the Metro area than in other parts of the state. Growth is measured by an expansion in population which promotes additional housing units which in turn increases the taxable value of property. It is also evident that an attractive environment has been created in the city as the per capita income increased much more than the rate of inflation through 1979." Carlson's office has designed the Minnesota Financial Health Program (MFHP) a five -year fiscal stress analysis (1979 -1980) for cities with populations of 2,500 or more. Carlson, Beth Sullivan, Director of MFHP, and Paul Damrow, Fiscal Analyst for MFHP, have offered their services to assist cities in interpreting their individual profiles. In further explaining the report, Carlson said, "Although revenues show a rather erratic pattern, almost $1 million dollars was due to the levying of special assessments. Without that levy, revenues would have increased slightly more than inflation." "This is the reason that calling attention to the fact that looking at a five -year pattern is important." Carlson continued by pointing out that a healthy pattern of revenues and expenditures is evidenced by the fact that in three out of the four years revenues exceeded current expenditures. "And," Carlson continued, "while current expenditures have more than doubled, they remain comparable to other cities in the same size category." Carlson then pointed to intergovernmental revenues which have increased by 71.39% but still remain less than cities of similar size.