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City of Lino Lakes, Minnesota <br />Management Report <br />General Fund <br />Employee Benefits Reserve. The employee benefits reserve is computed based upon <br />accrued, but unpaid, employee benefits as follows: <br />Employee Benefit Amount <br />Vacation leave $114,649 <br />Severance 87,796 <br />Total <br />$202,445 <br />A summary of these reserves is as follows: <br />Reserve/Designation Amount <br />Prepaid items $99,820 <br />Cash flow 1,718,428 <br />General contingency 729,915 <br />Employee benefits 202,445 <br />Finance computer equipment 73,750 <br />Parks playground equipment 153,652 <br />Road reconstruction 30,730 <br />Personnel/contingency 49,172 <br />Totals $3,057,912 <br />© The City of Lino Lakes has improved the financial position of its General Fund over the <br />past 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 />Page 24 <br />