Management Report and Recommendations 12/31/1989

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City of Lino Lakes, Minnesota Management Report, Page 51 SUMMARY During 1990, we recommend that the City: • Continue the practice of minimal cash balances in the City's checking account. (Page 10) • Consider requesting MSA receipts during periods in which the City does not have qualifying MSA construction projects. (Page 11) • Monitor the collection rate and provide supplemental financing if assessment collections are not adequate to meet bonded debt payments. (Page 14) • Consider alternate procedures relative to assessing City property. (Page 14) • Request improved data from the County in regards to assessment collections. (Page 14) • Review coordination procedures with the County to avoid underpayment of assessments. (Page 15) • Oppose the State's proposed method of targeting aid reductions to cities. (Page 20) • Continue to monitor the reserve balance of the General Fund. (Page 22) • Calculate the appropriate charge for the 1989 aerial maps and transfer such amounts in 1990. (Page 22) • Continue efforts to monitor arbitrage compliance. (Page 27) • Determine the collectibility of old park dedication fees receivable. (Page 30) • Monitor actual versus projected connection charges and area assessment collections to assure that debt payment requirements will be met. (Page 32) • Segregate the assessment of costs associated with surface water management to allow for allocation to the Surface Water Management Fund. (Page 35) • Correct the inconsistency relating to the Housing District #1 -1 Financing Plan. (Page 35) • Determine the City's position with regard to the Tax Increment Plan annual administrative fee. (Page 36) • Include a bond provision which allows tax increment collections to be receipted directly to the Economic Development District #1 Capital Project Fund. (Page 36) • Review procedures to assure timely certification of tax increment districts in accordance with financial projections. (Page 38) • Review the status of the various projects in the interim construction fund and determine financing sources to eliminate the fund deficit. (Page 38) • Review the 80th Street grant agreement for federal audit requirements. (Page 38)