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s <br />VEINY <br />To the Honorable Mayor and <br />Members of the City Council <br />City of Lino Lakes, Minnesota <br />TAUTGES, REDPATH & CO., LTD. <br />CERTIFIED PUBLIC ACCOUNTANTS <br />This Report is prepared in conjunction with the audit of the City's 1994 Annual Financial <br />Report. This report is designed to provide the City added analysis of financial trends, compliance <br />issues and fund position. <br />This report presents trend analysis to illustrate the impact of the changes on the overall funding <br />of basic governmental services of the City, and updates financial analysis of funds and account <br />balances of the City. Areas which may be of particular interest to the City are as follows: <br />• The fund balance of the General Fund increased $114,275 in 1994 to a <br />total of $1,870,934 at December 31, 1994. <br />• Appendix A outlines certain Minnesota Statute changes that impact <br />cities. <br />• Appendix B outlines upcoming accounting and financial reporting <br />standard changes applicable to governmental entities <br />We offer recommendations for improvement as appropriate with a summary of such <br />recommendations on the last page of this report. Additionally, we are available to discuss this <br />report with the City upon request. <br />Respectfully submitted, <br />?fd z/g <br />TAUTGES, REDPATH & CO., LTD. <br />Certified Public Accountants <br />May 8, 1995 <br />4810 White Bear Parkway • White Bear Lake, Minnesota 55110 • 612/426 -7000 • FAX /426 -5004 • Member of HLB International <br />