Management Report and Recommendations 12/31/1985

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MINN City of Lino Lakes, Minnesota Management Report, Page 38 Summary During 1986, the City should: • Monitor State legislation as it affects the financing of operations for the City of Lino Lakes. (Page 1) • Monitor compliance with payment terms for SBA investment and consider "risk to market" factor with regard to long -term investments. (Page 7) • Consider a request to increase MSA maintenance monies. (Page 8) • Request a delinquent property tax listing from the County to assist the City in monitoring collection rates for property taxes. (Page 9) • Levy scheduled property taxes which may be required to pay for assessments on "City property ". (Page 11) • Monitor the special assessment process to monitor collection rates and assure that the City's financial interests are protected. (Pages 11 and 12) • Consider additional security through filing a lien against properties which have assessments related to the Baldwin Lake improvements and Weber's Addition. (Page 12) • Consider the benefits of establishing a fixed assets system. (Page 12) • Continue efforts to monitor and improve the reserve balance of the City's General Fund. (Pages 14 to 17) • Continue efforts to monitor rules and regulations related to Revenue Sharing and plan for substitute financing of expenditures which had been funded by that program. (Page 17) • Continue to monitor grant conditions related to the CDBG program and close the CDBG Fund in 1986. (Page 22) • Review procedures related to LAWCON grant expenditures to assure proper documen- tation and timely requests for reimbursement. (Page 23) • Fund City share of expenditures related to the LAWCON grant. (Page 24) • Monitor the various balances and projected balances of the City's Special Assessment Debt Funds. (Pages 24 to 28) • Monitor the project status of Special Assessment Construction Funds and remit the $24,400 which is due to the MWCC. (Pages 28 to 30) • Monitor Water and Sewer Operations and increased charges from MWCC to assure that rates are maintained at adequate levels to fund operations. (Pages 31 to 33)