Management Report and Recommendations 12/31/1988

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City of Lino Lakes, Minnesota Management Report, Page 25 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. The fund balance of $151,454 at December 31, 1988 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 several developers to allow for payment upon development (as opposed to subdivision). The amount of these park dedication fees receivable was $5,060 for the past four years. Capital Improvements Fund The 1985 and 1987 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 Police Cars Dump Truck with Plow Mini Dump Truck with Plow Equipment Trailer Street Sweeper Crack Filling Machine Public Works Vehicle Additions to Equipment Description Turf Mower /Snow Broom Two Squad Cars Two Radar Units Front End Loader Civil Defense Siren 1985 Certificates 1985 -1988 Budget Actual Variance $25,000 $24,844 $156 60,000 49,713 10,287 17,000 17,516 (516) 3,000 959 2,041 3,000 3,000 0 6,000 3,650 2,350 4,725 4,725 0 0 15,504 (15,504) , $118,725 $119,911 ($1,186) Budget $15,000 23,000 2,500 20,000 13,000 $73,500 1987 Certificates 1988 Actual $7,967 26,452 0 0 8,580 $42,999 Variance $7,033 (3,452) 2,500 20,000 4,420 $30,501 The following schedule summarizes the activity of this fund through December 31, 1988.