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City of Lino Lakes, Minnesota <br />Management Report, Page 34 <br />Year of <br />Collection <br />Connection Charges Area Charges <br />Water @ Sewer @ Water @ Sewer @ <br />Source $1,050 $650 $800 $750 Total <br />1989 Erickson & Uhde 70 70 70 70 <br />Replat 6 6 6 <br />Other 20 20 <br />Total 96 96 76 70 <br />Assessment <br />1990 Erickson & Uhde <br />Replat <br />Other <br />Total <br />Assessment <br />1991 Erickson & Uhde <br />Other <br />Total <br />Assessment <br />$100,800 $62,400 $60,800 $52,500 $276,500 <br />Connection Charges <br />Water @ Sewer @ <br />$1,103 $683 <br />55 55 <br />42 42 <br />26 26 <br />123 123 <br />$135,608 $83,948 <br />Connection Charges <br />Water @ Sewer @ <br />$1,158 $717 <br />55 55 <br />40 40 <br />95 95 <br />$109,974 $68,079 <br />Area Charges <br />Water @ Sewer @ <br />$840 $788 <br />55 55 <br />42 42 <br />6 <br />103 97 <br />$86,520 $76,388 $382,463 <br />Area Charges <br />Water @ Sewer @ <br />$882 $827 <br />55 55 <br />40 40 <br />95 95 <br />$83,790 $78,553 $340,397 <br />Connection and area charges are expected to increase by the national ENR index. The above <br />schedule was prepared based on projected 5% increases in such charges. <br />Designations of balances by bond issue and connection/area charge type are required to monitor <br />financing plan performance and to define discretionary construction balances available to the City. <br />The accounting system and other such systems must be modified to achieve this result. Our <br />preliminary review of current procedures indicate that further modifications are required as follows: <br />• Establish several revenue accounts to segregate connection/area charges by debt service <br />commitment. <br />• Maintain a subsidiary record of collections by debt issue and adjust annually for <br />transfers to arrive at remaining designated balance. <br />• Allocate interest within the fund by designated balance. <br />