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IICity of Lino Lakes, Minnesota <br />Management Report, Page 48 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />Comparable Worth <br />The City approved comparable worth salary adjustments for two City employees. The <br />adjustments were to be effective over a two year phase in period. The exact terms of <br />the phase in period were subject to differing interpretations. We recommend that future <br />long -term adjustments be more fully documented as to effective dates and amounts of such <br />incremental adjustments. <br />Developer Deposits <br />The City collects deposits from developers for costs which the City incurs during the <br />permit process. Remaining amounts are returned to the developer. The City has not been <br />consistent in coding costs against the developers deposit versus the construction funds <br />once a project has been started. We recommend the City develop procedures to establish <br />at what point costs should be charged to the construction fund rather than the develo- <br />pers deposit. The City's system of calculating amounts to be returned to developers <br />does not always produce adequate verifiable documentation. The City started to <br />review /improve the system in 1988. We recommend that the City continue to review the <br />system and improve reconciliation procedures. Our office is available to assist in this <br />review. <br />Investment Transactions <br />The City maintains subsidiary listings of investment activity. These records are <br />reconciled to the accounting system. Certain investment purchases and sales in prior <br />years were not recorded on the subsidiary listing. The City reviewed investment <br />recording procedures and amended such procedures to assure that all investment activity <br />is recorded on a timely basis. We commend the City for this improvement. <br />