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Management Report and Recommendations 12/31/1990
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Management Report and Recommendations 12/31/1990
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Management Report and Recommendations
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12/31/1990
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City of Lino Lakes, Minnesota <br />Management Report, Page 21 <br />The City's December 31, 1990 fund balance totaled $1,169,624. The City's General Fund <br />balance has been as follows for the past ten years: <br />Year Ended Reserved/ <br />December 31, Designated Undesignated Total <br />1981 $19,876 $30,109 $49,985 <br />1982 46,466 13,355 59,821 <br />1983 51,084 80,032 131,116 <br />1984 116,770 126,153 242,923 <br />1985 77,624 350,675 428,299 <br />1986 83,714 455,666 539,380 <br />1987 52,593 589,799 642,392 <br />1988 96,626 747,836 844,462 <br />1989 53,290 976,763 1,030,053 <br />1990 1,169,624 0 1,169,624 <br />The increase in designated fund balance reflects the City's adoption of a reserve policy <br />pursuant to resolution 91 -3. We concur with the City efforts to define needed levels of reserve <br />balances. <br />
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