Management Report and Recommendations 12/31/1987

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City of Lino Lakes, Minnesota Management Report, Page 36 The City intends to retire debt from the various connection and area charges. Careful monitoring of anticipated collections compared to actual is required to assure timely availability of monies to retire debt. Balances available after debt commitments are met can then be used for non - assessable system improvements. The Temporary Improvement Bonds of 1987 is the first issue to rely on connection charges pursuant to the new connection and area charge policy. A summary of anticipated connections is as follows: ESTIMATE OF CONNECTIONS TO TRUNK FACILITIES Connection Charges Area Assessment Year of Water S ^wer Water Sewer Collection Source $1,050 $650 $800 $750 1989 Erickson & Uhde 70 70 70 70 Rep la t 6 6 6 Other 20 20 Total 96 96 76 70 Total Assessment $ 100,800 $ 62,400 $ 60,800 $ 52,500 $ 276,500 1990 Erickson & Uhde 55 55 55 55 Lakes Addition 42 42 42 42 Other 26 26 6 Total 123 123 103 97 Assessment $ 135,546 $ 83,886 $ 86,520 $ 76,339 $ 382,291 1991 Erickson & Uhde 55 55 55 55 Other 40 40 40 40 Total 95 95 95 95 Assessment $ 109,915 $ 68,020 $ 83,790 $ 78,470 $ 340,195 Designations of balances by bond issue and connection /area charge type are required to monitor financing plan performance and to define discretionary construction balances available to the City. The accounting system and other such systems must be modified to achieve this result. Our preliminary review of procedures in 1988 indicate that further modifications are required as follows: