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VNIIM <br />City of Lino Lakes, Minnesota <br />Management Report, Page 16 <br />Employee Benefits Reserve. The employee benefits reserve is computed based upon accrued, <br />but unpaid, employee benefits as follows: <br />December 31, <br />Employee Benefit 1995 1996 <br />Vacation leave 8114,242 8117,044 <br />Severance 69,773 72,271 <br />Unused sick leave 278,503 304,240 <br />Total $462,518 $493,555 <br />A summary of these reserves is as follows: <br />Reserve/Designation Amount <br />Prepaid items $110,077 <br />Cash flow 1,596,195 <br />General contingency 684,647 <br />Employee benefits 332,106 <br />Totals $2,723,025 <br />The City of Lino Lakes has improved the financial position of its General Fund over the past <br />several years. We commend the City for these actions and encourage the City to continue to <br />monitor this reserve balance. An adequate reserve structure will enable the City to retain its <br />financial independence and integrity during adverse economic conditions. <br />