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• <br /> �A EN HILLS <br /> MEMORANDUM <br /> DATE: July 2,2008 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director 05--'1/ <br /> SUBJECT: 2007 Financial Reports <br /> The 2007 Audited Financial Reports which were reviewed by the City Council are provided for your <br /> information. Although the committee does not get involved in the budget and reporting process, this <br /> • information may be useful when we are looking at long-range financial plans and fund balances, as an <br /> understanding of the general everyday operations of the City is needed. <br /> • <br /> \\Metro-inet\ArdenHills\Admin\Committees\FPAC\7-2-08 2007 Financial Statements.doc <br />