Management Report and Recommendations 12/31/1985

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City of Lino Lakes, Minnesota Management Report, Page 12 The pending implementation of the in -house computer system will allow for automated tests of special assessment balances. We recommend that the City develop appropriate spread sheets related to special assessments to improve internal record keeping and to assist the City in calculating its annual assessment levy. We are available to assist the City in implementing such a system. Assessments related to the Baldwin Lake Improvements and Weber's Addition are collected through a developer's agreement. The assessments, however, are apparently not recorded as a lien against the property (at the County). We recommend that such a lien be effected to further protect the City's interest. Fixed Assets MON The City does not currently maintain accounting records of its general fixed assets. This situation is not uncommon for Metropolitan suburban communities. The benefits of a fixed asset system are improved financial reporting, better availability of insurance ... information, availability of data base for determining capital replacement needs and an overall improved safeguard over City assets. The implementation of such a system may not be a priority of the City at this time. We recommend, however, that the City con- sider the benefits of implementing a general fixed asset system at some future date. The acquisition of an in -house computer may improve the efficiency of establishing fixed asset records.