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City of Lino Lakes, Minnesota <br />Management Report, Page 29 <br />Main Street <br />This fund was established in 1986 to account for the Main Street Improvements. This <br />project will be financed by a 1987 bond issue. <br />West Shadow Lake Drive <br />This fund was established in 1986 to account for the West Shadow Lake Drive. This <br />project has not been approved and may not be constructed in 1987. <br />Sunset Road <br />This fund was established in 1986 to account for the Sunset Road Improvements. This <br />project was financed by the Improvement Bonds of 1986. This project was assessed in <br />1986. This project is scheduled for completion in 1987. <br />Deer Trail Pass <br />This fund was established in 1986 to account for the Deer Trail Pass Improvements. <br />This project will be financed by a 1987 bond issue. <br />Administrative Construction Charges <br />The City incurs expenditures in the General Fund through use of administrative time <br />and effort in the completion of construction projects. It is appropriate for the City <br />to charge an interfund administrative fee for these services during the construction <br />phase of the project. A common basis for the fee is a percent of the project or of the <br />contract (either a flat percent or a sliding percent based on the size of the project). <br />During 1984, the City established a policy regarding administrative charges <br />(Resolution #84 -4). The policy includes a "step down" administrative charge based on <br />the size of the project. We concur with this approach and, in our opinion, the percen- <br />tages used are reasonable and comparable to those used by other suburban metropolitan <br />cities. <br />