Management Report and Recommendations 12/31/1986

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City of Lino Lakes, Minnesota Management Report, Page 39 Investment Transactions The City maintains subsidiary listings of investment activity. These records are reconciled to the accounting system. Certain investment purchases and sales were not recorded on the subsidiary listing. We recommend that the City review investment recording procedures to assure that all investment activity is recorded on a timely basis. Financial Accounting System During 1985, the City purchased an in -house computer system. This system is intended to provide the City with the following: • Payroll system. • Utility billing system. • General ledger accounting. • Word processing. The utility billing system, payroll and word processing have been implemented. Our review of this portion of the system indicated that it was functioning as intended. The general ledger accounting system was not functional as of December 31, 1986. The City is reviewing the general ledger package and had projected an implementation date in 1987. We recommend that the City reconsider the viability of implementing the general ledger package because MECC has eliminated support of the system. The City does have computer spread sheet capabilities which would be useful in budgeting and other applications. We recommend that the City consider using the existing hard- ware for this purpose. However, we strongly recommend that all computer applications be reviewed to determine if they should be continued without support. We are available to assist the City in this area.