Management Report and Recommendations 12/31/1987

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I City of Lino Lakes, Minnesota Management Report, Page 50 • Continue to monitor state financial legislation. (Page 9) • Determine full levies required for debt prior to authorizing the budget and tax levy. (Page 10) • Consider using Capital Improvements Fund residual bonds proceeds for Debt Service if required. (Page 10) • Review the revised 1988 budget and determine if amendments are adequate. (Page 10) • Monitor the collection rate of special assessments and provide supplemental financing if collections are not adequate to meet bonded debt payments. (Page 12) • Consider the benefits of implementing a general fixed asset system in the future. (Page 13) • Consider adopting a formal City Council approved policy on reserves. (Page 19) • Add the aerial map charges to the budget process. (Page 20) • Plan for the use of the remaining balance in the Improvement Bonds of 1980 Fund. (Page 23) • Consider establishing a Closed Bond Fund in 1988 and transfer the residual balances of the 1980 Bond Fund. (Page 24) • Determine the nature of the delay in assessment receipts in the Temporary Improvement Bonds of 1985 Fund. (Page 24) • Designate a financial source and eliminate the Lakes Addition #7 Fund in 1988. (Page 30) • Remit the money due MWCC in 1988. (Page 31) • Close the Baldwin Lake Mobile Home Court Fund in 1988 to the Improvement Bonds of 1983 Debt Service Fund. (Page 31) • Eliminate the deficit in the Reiling Road Fund through a Council designated transfer. (Page 31) • Establish departmental accounting for interim construction projects. (Page 32) • Close the Rice Lake Estates Addition Fund after completion of construction to the Improvement Bonds of 1986 Fund. (Page 32) • Close the North Road Fund in 1988 to the Temporary Bonds of 1987 Debt Service Fund. (Page 32)