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A~ H. CAm.sos <br />ST~T~ A~u~rroa <br /> <br />STATE OF MINNESOTA <br />OFFICE OF THE STATE AUDITOR <br />S~:,rr p~r~ 55155 <br /> <br />March 27, 1981 <br /> <br />Mr. Lloyd Schnelle, City Administrator <br />City of Ramsey <br />15153 Nowthen Blvd., N.W. <br />Anoka, Minnesota 55303 <br /> <br />Dear Mr. Schnelle: <br /> <br />296-2551 <br /> <br />The office of the State Auditor is well aware that the key area of concern in <br />the 80's for local governments is economics. For local governmental units, <br />that concern translates into one of how to identify and cope with financial <br />stress. In order to help resolve this and other issues surrounding financial <br />management, the State Auditor and members of his staff will conduct a compre- <br />hensive presentation of the Minnesota Financial Health Program on Monday, <br />April 13th at the Anoka City Hall, from ll:O0 a.m. to 12:30 p.m. <br /> <br />The Minnesota Financial Health Program will help communities caught between <br />growing expenditures and shrinking revenues handle such questions as "How <br />much future revenue are we committing to debt repayments? Are municipal <br />expenditures per capita affecting municipal productivity? Is there a steady <br />pattern of buget overruns in specific programs or departments causing waste <br />and overspending?" <br /> <br />The Financial Health Program will also enable you to accumulate and examine <br />economic data that can determine your community's financial health. This data <br />accumulation process Can be done by using a number of indicators, to identify <br />local trends over a five year period in categories such as status of the <br />economy, financial independence and flexibility, municipal productivity, current <br />deferred costs, and financial management practices. These indicators will be <br />compared to other communities or a norm, by the use of a data base, to .provide <br />you with meaningful information concerning trends or warnings of stressful <br />situations in your community. <br /> <br />We encourage you and your financial officer to attend ~vhat we are sure will <br />be both an interesting and informative discussion of an innovative program <br />designed specifically for local communities. Please feel free to invite any <br />commissioners or other interested parties. <br /> <br />If you have any questions or need any further information, ple'ase contact <br />Beth'Sullivan at (612) 297-3675 or Kathleen O'Rourke at (612) 297-3674. <br /> Wa~est regards, <br /> <br /> Arne H. Carlson <br /> State Auditor <br /> <br />AHC:mgt <br /> <br />AN EOUAL OPPORTUNITY EMPLOYER <br /> <br /> <br />