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YEAR & <br />STATUTE <br />REFERENCE <br />CITY OF LINO LAKES, MINNESOTA <br />STATE LEGISLATIVE ACTION <br />APPENDIX A <br />1993 <br />MS 6.745 <br />#43 Budget information: Cities must provide summary budget information to <br />the Office of the State Auditor by December 31 of the year preceding each <br />budget year. <br />1993 <br />MS 429.061 <br />Subd. 5 <br />#42 Special assessments: Cities are now required to pay to the county auditor <br />the administrative expenses incurred by the county auditor for administering the <br />collection of special assessments. <br />1993 <br />MS 475.667 <br />Subd. 6 <br />#41 Purchase of investments: Cities must provide securities broker - dealers a <br />written notification of investment restrictions and include a provision that all <br />future transactions are to be made in accordance with State Statutes governing <br />investment of public funds. Additionally, the broker - dealer must acknowledge <br />receipt of the notification and agree to handle the city's transactions in <br />accordance with State Statutes. <br />1993 <br />MS 412.271 <br />Subd. 8 <br />#40 Payment of claims prior to council approval: A city council may <br />delegate its authority to pay certain claims to a city administrative official <br />provided adequate internal accounting and administrative controls are in place. <br />A list of all claims paid under this procedure must be presented to the council for <br />informational purposes only at the next council meeting. City council delegation <br />must be made by resolution. <br />1993 <br />MS 477A.03 <br />#39 Aid eliminations: Equalization aid and disparity reduction aid is <br />eliminated. However, the 1994 LGA base includes these amounts. <br />1993 <br />MS 477A.03 <br />#38 LGA formula change: Beginning in calendar year 1994 and thereafter, a <br />City's LGA is determined using the following formula: <br />(City aid base x (100 - base reduction %)) + City aid increase = LGA <br />1992 <br />MS 144.3831 <br />Subd. 1 <br />#37 Authorized the Commissioner of Health to assess an annual fee of $5.21 for <br />every service connection to a public water supply that is owned or operated by a <br />City or Town. <br />PREPARED BY TAUTGES, REDPATH & CO., LTD. <br />PAGE 2 OF 9 <br />