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City of Lino Lakes, Minnesota <br />Management Report, Page 50 <br />FINANCIAL ACCOUNTING SYSTEM <br />During 1988, the City purchased an in -house computer system. This system is intended to <br />provide the City with the following: <br />• Payroll System <br />• Utility Billing System <br />• General Ledger Accounting <br />• Word Processing <br />• Spreadsheet Analysis <br />The utility billing system, payroll and word processing have been implemented. <br />The City is in the process of converting its general ledger accounting functions to the new <br />system. The conversion process should be completed in mid 1990. This new system enhances the <br />City's ability to produce interim financial reports useful for managing the City. Efforts required to <br />close the financial records will be reduced once the conversion process is complete. <br />We recommend the City examine the benefits of integrating the utility billing system and the <br />payroll system into the general ledger accounting system. By integrating these other systems into <br />the general ledger system, the City's general ledger system will automatically be updated. This <br />will improve the accuracy of the financial records along with increasing the efficiency of the City's <br />processing abilities. <br />The City may require some additional training from the vendor to accomplish the integration of <br />these systems. Our office is available to assist the City with the integration process with <br />reconciling integrated information and with developing system controls to ensure the integrity of <br />the data. <br />