Management Report and Recommendations 12/31/1995

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YEAR & STATUTE REFERENCE CITY OF LINO LAKES, MINNESOTA STATE LEGISLATIVE ACTION APPENDIX A 1992 MS 297A.25 Subd. 11 #36 Sales tax on purchases by political subdivisions of the State is imposed. School districts, hospitals, nursing homes and ambulance services owned and operated by political subdivisions. The tax is effective for sales made after May 31, 1992 pursuant to Article 8 Section 39. 1992 MS 207A.10 Subd. 1 #35 Expenses incurred by Counties and Cities in the administration of the presidential primary shall be reimbursed by the Secretary of State. 1992 MS 477A.03 Subd. 1 #34 Increased the total amount of equalization Aid to $20,011,000 for aids payable in 1993 and thereafter. 1992 MS 477A.013 Subd. 3 #33 Adjusted LGA formula. For aids payable in 1993 and thereafter, City will receive an amount equal to 103% of LGA it received in 1992 before any non- permanent reductions made under 477A.0132. 1992 MS 16A.711 Subd. 5 #32 Authorize the Commissioner of Revenue to make adjustments in aid amounts in the second fiscal year of each biennium if anticipated total revenues is less than anticipated total obligations of the local government trust fund. 1991 MS 275.51 Subd. 7 #31 Authorized contingent addition to the levy limit by the amount of lost aid of local governments located in a County where the local sales and use tax was not enacted. 1991 MS 477A.0132 Subd. 1 and 2 #30 Further reductions in local government aid for aids payable in 1992. Estimated reduction percent is 4.034% of 1992 revenue base. Revenue replaced by property tax levy authority. 1991 MS 477A.0132 Subd. 1 and 2 #29 Approved LGA cut for December, 1991 aid payment. Cut is estimated to be 1.6% of 1992 revenue base. Aid cut not replaced with levy authority. 1991 MS 273.1398 Subd. 1 #28 Adjusted the HACA base as the 1991 certified HACA less any 1991 permanent HACA reductions. PREPARED BY TAUTGES, REDPATH & CO., LTD. PAGE 3 OF 9