Management Report and Recommendations 12/31/1990

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City of Lino Lakes, Minnesota Management Report, Page 55 SUMMARY During 1991, we recommend that the City: • Consider requesting MSA receipts during periods in which the City does not have qualifying MSA construction projects. (Page 15) • Monitor the collection rate and provide supplemental financing if assessment collections are not adequate to meet bonded debt payments. (Page 18) • Consider alternate procedures relative to assessing City property. (Page 18) • Request improved data from the County in regards to assessment collections. (Page 19) • Establish procedures to proof County assessment reports on a timely basis to detect errors. (Page 19) • Oppose the State's proposed method of targeting aid reductions to cities. (Page 24) • Monitor the progress of the potential State actions. (Page 24) • Continue to charge the Construction Funds for the aerial charge directly and transfer the aerial charge when the administrative charge transfer is made. (Page 25) • Determine a financing source for the Special Revenue Fund deficit and transfer the required funds in 1991. (Page 26) • Transfer the remaining assets in the 1988 Temporary Improvement Bonds Fund into the 1991 Debt Service Fund after the bonds have been retired. (Page 30) • Continue efforts to monitor arbitrage compliance. (Page 31) • Determine the collectability of the park dedication fees receivable. (Page 32) • Monitor actual versus projected connection charges and area assessment collections to assure debt payment requirements will be met. (Page 34) • Request reimbursements from First Trust, for the Centennial Fire Station, in a timely manner. (Page 37) • Monitor the deficit fund balance in the Surface Water Management Fund and consider alternative financing if charges are not sufficient. (Page 38) • Determine the City's position with regard to the Tax Increment Plan annual administrative fee. (Page 39) • Include a bond provision which allows tax increment collections to be receipted directly to the Economic Development District #1 Capital Project Fund. (Page 39) • Review procedures to assure timely certification of tax increment districts in accordance with financial projections. (Page 41)