Management Report and Recommendations 12/31/1985

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City of Lino Lakes, Minnesota Management Report, Page 21 After the scheduled purchases of equipment are made in 1986, the remaining fund balance should be closed to the 1985 Certificates of Indebtedness Debt Service Fund (or be expended on qualifying equipment purchases). Community Development Block Grant The Community Development Block Grant (CDBG) Fund was established in 1982 to account for the financial activity related to the projects to be funded by the CDBG program. The City entered into an agreement with Anoka County to receive CDBG funds. The County of Anoka, along with other governmental units, were awarded the Grant. The City of Lino Lakes is considered to be a sub- grantee and must comply with the provisions of the grant agreement. The City has determined the compliance procedures that are required to be documented in City records. Proper documentation with the grant agreement has aided the City in receiving the monies applied for in reimbursement of City expenditures. The CDBG allotments for 1982 to 1985 have been appropriated for the Alexander House and the Senior Citizen Facility. Anoka County has not allocated additional CDBG amounts for the City in 1986. This is consistent with the overall allotment plan. The City has $14,374 left in Anoka County's 1985 CDBG allotment as follows: Budget Original Year Allotment Allocated to Alexander House 1982 $ 84,889 $ 10,000 1983 39,179 1983 (Supplemental) 12,434 1984 25,000 3,000 1985 66,098 County Reimbursements $ 74,889 49,179 12,434 57,525 6,199 $ 227,600 $ 13,000 $ 200,226 County Approved Transfers $ 10,000 Remaining Balance 35,525 (45,525) $ 14,374 $ -0- $ 14,374 The City has several 1985 and prior year expenditures which should be submitted for reimbursement in 1986.