Management Report and Recommendations 12/31/1991

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City of Lino Lakes, Minnesota Management Report, Page 49 The general ledger, utility billing system, payroll and word processing have been implemented. We recommend the City examine the benefits of integrating the utility billing system into the general ledger accounting system. By integrating these other systems into the general ledger system, the City's general ledger system will automatically be updated. This will improve the accuracy of the financial records along with increasing the efficiency of the City's processing abilities. The City may require some additional training from the vendor to accomplish the integration of these systems. Our office is available to assist the City with the integration process with reconciling integrated information and with developing system controls to ensure the integrity of the data. SUMMARY During 1992, we recommend that the City: • Monitor the assessment collection rate and provide supplemental financing if collections are not adequate to meet bonded debt payments. (Page 14) • Consider alternate procedures relative to assessments which benefit City property or improves the City's overall core water and sewer distribution systems. (Page 14) • Request improved special assessment data from the County. (Page 15) • Continue to monitor the General Fund reserve balance. (Page 19) • Monitor future proposed legislation regarding targeting of aid reductions. (Page 19) • Continue to directly charge the Construction Funds for the aerial charge and transfer the aerial charge when the administrative charge transfer is made. (Page 20) • Continue efforts to monitor arbitrage compliance. (Page 25) • Monitor compliance with Treasury Regulations pertaining to reimbursement bonds. (Page 26) • Monitor actual versus projected area and unit assessment collections to assure that debt payment requirements will be met. (Page 28) • Monitor the deficit fund balance of the Surface Water Management Fund and consider alternative financing if future surface water management charges are not sufficient to eliminate the deficit. (Page 32)