Management Report and Recommendations 12/31/1991

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WWI UMW YEAR & STATUTE REFERENCE CITY OF LINO LAKES. MINNESOTA STATE LEGISLATIVE ACTION Appendix A Page 4 of 12 INITIAL YEAR ESTIMATED IMPACT 1991 HF 1698 Art. 2 Section 2 #24 Created the local government trust fund to be used exclusively to pay local governments for inter - governmental aid and to repay advances made by the State's general fund as may have been required to make all required payments as provided by law. If revenues of the trust fund are insufficient to pay commitments, all commitments to local governments will be proportionately reduced unless other provisions have been made. If the estimated receipts of the trust fund exceed estimated payments by $1 million or more the appropriation from the trust fund to each inter - governmental aid program would be increased proportionately unless there are specific provisions which prohibit such increase. The creation of the local government trust fund will impact the City of Lino Lakes only if the estimated revenues of the fund fluctuate significantly from estimates. Revenue shortfalls should be budgeted to anticipate cuts late in the operating year. Budget practices should therefore be amended to consider a factor for possible reductions based on suppressed economic conditions in any given year. 1991 HF 1698 Art. 2 Section 1 #23 Establish the advisory commission on inter- governmental relations with an initial membership of twenty through July 1, 1992. After July 1, 1992 the commission is reduced to fourteen members. The commissioners are to be representative of the various geographic and governmental jurisdictions of the State. The commission is in an "advisory" position to the legislature. As such the commission has little or no power and therefore cannot directly impact the State or the City of Lino Lakes. Prepared by Tautges, Redpath & Co., Ltd. April 30, 1992