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Financial Analysis & Management Considerations Report 12/31/1997
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Financial Analysis & Management Considerations Report 12/31/1997
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Finance Dept
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Audit
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Financial Analysis & Management
Date
12/31/1997
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City of Lino Lakes, Minnesota <br />Management Report <br />Other Compliance and Control Issues <br />OTHER COMPLIANCE AND CONTROL ISSUES <br />During the course of the 1997 audit, several issues were noted which the City may wish to <br />take follow-up action upon. <br />Charter Compliance <br />< Several of the City charter provisions (such as a requirement to budget all funds of the City <br />and other budget provisions, including those noted previously on page 25) may be outdated with <br />respect to modern financial management concepts for cities. Other items are unclear such as <br />Section 7.07 which prohibits expenditures in excess of appropriations. It is unclear at which <br />level of detail this is to be enforced, i.e., fund level, department level or line-item level. We <br />recommend that the City consider amending either: <br />1) The charter; or, <br />2) City practices defined by the City's charter <br />Purchasing Policy <br /><g> The City currently has controls over the purchases by departments. Approval is required by <br />either the department head or other designated employees. Additionally, certain purchases are <br />governed by quote and bid statutes. The City does not, however, have a formal purchasing <br />policy. Such a policy may be useful in defining and enforcing consistent purchasing procedures. <br />We recommend that the City consider adopting such a policy. <br />Page 62 <br />
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