Laserfiche WebLink
IMMO <br />ROW <br />City of Lino Lakes, Minnesota <br />Management Report, Page 46 <br />Management's Discussion and Analysis of Financial Condition and Results of Operations <br />(MD &A). The MD &A letter will be similar to (although will not replace) the current <br />letter of transmittal. Currently, Securities and Exchange Commission (SEC) regulations <br />require private sector registrants to provide a MD &A letter discussing financial <br />conditions, results of operations, etc. <br />SUMMARY <br />During 1996, we recommend that the City: <br />* Determine a financing source or delete the City property special assessment receivable <br />from the City's financial records. (Page 5) <br />* Continue to monitor the assessment collection rate and provide supplemental financing if <br />assessment collections are not adequate to meet bonded debt payments. (Page 6) <br />* Continue to request improved special assessment collection data from Anoka County. <br />(Page 7) <br />* Continue its effort to maintain the fixed asset system. (Page 7) <br />* Consider budgeting activity in the Program Recreation Fund. (Page 18) <br />* Continue to monitor actual versus projected area and unit assessment collections to assure <br />that the debt payment requirements will be met in the Area and Unit Charge Fund. <br />(Page 26) <br />* Continue to maintain detailed records of amounts due from developers and assure that <br />adequate deposits are received prior to incurring expenses on a developer's behalf. <br />(Page 42) <br />