My WebLink
|
Help
|
About
|
Sign Out
Home
Search
Management Report and Recommendations 12/31/1994
LinoLakes
>
Finance
>
Annual Financial Statements
>
Management Report and Recommendations 12/31/1994
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/20/2014 4:33:32 PM
Creation date
5/16/2014 3:23:35 PM
Metadata
Fields
Template:
Finance Dept
Finance Category
Audit
Finance Number Identifier
Management Report and Recommendations
Date
12/31/1994
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
55
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
City of Lino Lakes, Minnesota <br />Management Report, Page 7 <br />The City collects special assessments through Anoka County. Beginning in 1993, the County <br />began providing limited data regarding delinquent assessment receivables. We recommend the <br />City continue to request improved data from the County. <br />Fixed Assets <br />As discussed in prior management reports, the City does not maintain complete fixed asset <br />accounting records. Advantages of maintaining such a system include the following: <br />• Availability of insurable value amounts <br />• Increased safeguarding of movable assets <br />• Availability of database to determine capital equipment replacement needs <br />• Improved financial reporting <br />Currently, the auditors opinion on the financial statements is qualified for lack of a fixed asset <br />system. A fixed asset system would enable the City to obtain an unqualified or "clean" opinion on <br />the financial statements. This would allow the City to submit its Annual Financial Report to the <br />Government Finance Officers Association's Certificate of Achievement for Excellence in Financial <br />Reporting program. The City has purchased a fixed asset software program and intends to compile <br />a complete listing of fixed assets during 1995. <br />
The URL can be used to link to this page
Your browser does not support the video tag.