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Financial Profile <br /> 4111 <br /> Important to the success of any economic development effort is <br /> . The financial stability of the community as evidenced by property <br /> 7.:luations, trends in the mill rate , the ability of the city to <br /> live within means , and the level of municipal indebtedness. The <br /> following tables outline this information as well as comparisons <br /> with neighboring communities with whom we would compete f_or <br /> desir.eable commercial or industrial development. <br /> The City of Mounds View can be described as a community of sound <br /> financial stability having competitive levels of taxation , <br /> -naintaininq adequate reserves to smooth nut the peaks and valleys <br /> a volatile revenue picture due to a dependence upon Federal <br /> and Stat-. aids , and looking to the future with an annual long- <br /> range planning program. Such a conclusion has been confirmed by <br /> ` ho office of the State '\uditnr_ in its analysis of fiscal <br /> wellness of municipalities in the State , the City ' s independent <br /> auditnrs , and the bond rating firm of M oody ' s which has <br /> consistently rated the City ' s bond issues with an A rating . <br /> fH <br /> • <br /> • <br /> • <br /> 5-18 <br />