My WebLink
|
Help
|
About
|
Sign Out
Home
Search
Management Report and Recommendations 12/31/1992
LinoLakes
>
Finance
>
Annual Financial Statements
>
Management Report and Recommendations 12/31/1992
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/19/2014 11:36:27 AM
Creation date
5/19/2014 11:07:12 AM
Metadata
Fields
Template:
Finance Dept
Finance Category
Audit
Finance Number Identifier
Management Report and Recommendations
Date
12/31/1992
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
52
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 16 <br />The contingent employee benefit reserve is equal to an amount computed at December 31 for <br />accrued vacation and sick leave. <br />A summary of these reserves is as follows: <br />Reserve/Designation <br />Reserve General <br />Requirement Fund <br />Per City Balance <br />Policy Available Difference <br />Prepaid items $77,789 $77,789 $0 <br />Cash flow 933,255 933,255 0 <br />General contingency 421,411 385,204 36,207 <br />Contingent employee benefits 229,771 0 229,771 <br />Equipment purchases 10,048 (10,048) <br />Totals $1,662,226 $1,406,296 $255,930 <br />Without adequate General Fund reserve, the independence and autonomy of the City may be <br />impaired. 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 />
The URL can be used to link to this page
Your browser does not support the video tag.