Management Report and Recommendations 12/31/1989

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City of Lino Lakes, Minnesota Management Report, Page 30 Parks and Playground This fund was established to account for dedicated park fees. The City uses the Parks and Playground Fund to collect ordinance restricted fees and donations from various groups. This fund collected $79,275 of park dedication fees in 1989. The fund balance of $201,209 at December 31, 1989 is available for expenditures by the City to fund capital outlay and maintenance of dedicated park lands. The City normally collects park dedication fees upon subdivision. The City has made exceptions for the Lino Air Park and Rice Lake Addition developments to allow for payment upon development (as opposed to subdivision). The amount of these park dedication fees receivable was $5,060 for the past five years. We recommend that the City determine the collectibility of these park dedication fees receivable. Capital Improvements Projects Fund The 1987 and 1989 Certificates were issued to finance the acquisition of equipment for various departments of the City. The following schedule reflects the budget and actual expenditures for these certificates. Description Turf Mower /Snow Broom Two Squad Cars Two Radar Units Front End Loader (partial) Civil Defense Siren Description Police Car Fire Equipment Loader with Plow Street Sweeper Two -way Radios (4) Blueprint Machine Fueling Station Brush Chipper 1987 Certificates 1988 -1989 Budget Actual $15,000 $7,967 23,000 26,452 2,500 0 20,000 20,000 13,000 12,921 $73,500 $67,340 Variance $7,033 (3,452) 2,500 0 79 $6,160 1989 Certificates 1989 Budget Actual Variance $13,000 $13,079 ($79) 92,000 0 92,000 80,000 86,015 (6,015) 85,000 70,536 14,464 2,800 2,379 421 1,800 1,225 575 8,000 0 8,000 11,000 13,500 (2,500) $293,600_ $186,734 $106,866