Financial Analysis & Management Considerations Report 12/31/1997

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HLB Tautges Redpath, Ltd. Certified Public Accountants and Consultants To the Honorable Mayor and Members of the City Council City of Lino Lakes, Minnesota We have completed the 1997 audit of the City of Lino Lakes and have issued our report thereon. Our Independent Auditor's Report is included in the City's Comprehensive Annual Financial Report. Additionally, we have issued a required report on compliance and internal control over financial reporting and a state legal compliance report. This Financial Analysis and Management Considerations Report is prepared to offer the City an independent review of: • Comparisons and trend analysis of financial results. • Benchmarking to State and National statistics and trends. • Available strategies to address long -term financial planning. • Policies, procedures and systems. • Outside factors influencing the City such as State funding and changes in financial accounting and reporting standards. This report is intended to supplement the City's strategic planning efforts with our views on the financial position of the City and to discuss outside factors we believe will affect the City in fulfilling its mission. Following this introduction letter is an Executive Summary with page references to the areas discussed. Thank you for the opportunity to serve the City. We are available to discuss this report with you. Respectfully submitted, lz4 ice,%•- �-�'�v HLB TAUTGES REDPATH, LTD. Certified Public Accountants June 16, 1998 4810 White Bear Parkway, White Bear Lake, Minnesota 55110, USA Telephone: 612 426 7000 Fax: 612 426 5004 HLB Tautges Redpath, Ltd is a member of ® International A world -wide organization of accounting firms and business advisers.