Management Report and Recommendations 12/31/1988

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City of Lino Lakes, Minnesota Management Report, Page 49 • Close the Sunset Road Capital Project Fund into the related debt service fund in 1989. (Page 29) • Close the Comprehensive Area Wide Water Capital Project Fund into the 1988 Improvement Bonds. (Page 29) • Close the Reshanau Lake Estates South Capital Project Fund into the Temporary Improvement Bonds of 1987 Debt Service Fund. (Page 30) • Close Erickson's Capital Project Fund to the 1988 Improvement Bond Debt Service Fund when paving is complete. (Page 30) • Monitor the expiration date of the letter of credit for Otter Bay Capital Project Fund. (Page 30) • Close the Ash Street Sewer Capital Project Fund into the 1988 Improvement Bond Debt Service Fund. (Page 31) • Approve a transfer from the Rice Lake Estates Construction Fund to the Improvement Bonds of 1988 Debt Service Fund. (Page 33) • Revise policies and practices to include all anticipated project costs including final overlays and original bond issues. (Page 33) • Monitor actual versus projected connection charges and area assessment collections to assure that debt payment requirements will be met. (Page 33) • Adopt an alternate procedure whereby lateral assessments are included on one assessment roll and area and connection charges are included on another assessment roll. (Page 35) • Charge Special Assessment Construction Funds administrative charges when received from the engineer. (Page 36) • Monitor the Lino Lakes Public Improvement Policy to assure procedures are adhered to. (Page 36) • Determine the City's position with regard to the Tax Increment Plan annual administrative fee. (Page 37) • Include a bond provision which allows tax increment collections to be receipted directly to the Economic Development District #1 Capital Project Fund. (Page 37) • Determine additional procedures which will be required to certify District 1 -2 to Anoka County. (Page 38) • Establish departmental accounting for interim construction projects. (Page 38) • Monitor increased billings from the MWCC. (Page 41) • Continue to maintain detail records of amounts due from developers and assure adequate deposits are received prior to incurring expenses on a developer's behalf. (Page 42) 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1