Management Report and Recommendations 12/31/1983

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VOTO, REARDON, TAUTGES & CO., LTD. CERTIFIED PUBLIC ACCOUNTANTS Birch Lake Professional Building • 1310 E. Hwy. 96 • White Bear Lake, MN 55110 • Phone 426 -3263 ROBERT J. VOTO, CPA TIMOTHY E. REARDON, CPA ROBERT G. TAUTGES, CPA To the Honorable Mayor and Members of the City Council City of Lino Lakes, Minnesota We have completed our examination of your 1983 Annual Financial Report and have issued our audit report thereon. In conjunction with that examination, we present this Management report on matters relating to the 1983 financial opera- tions of the City. We offer this report as an additional analytical perspective for both the City Council and City Administration in managing the financial position and operations of the various accounts and funds of the City. We have also included our recommendations for improvements or enhancements to the finan- cial management system of the City. A summary of our recommendations is pre- sented on the last page of the report. FINANCING LOCAL GOVERNMENT IN THE 1980's Over the past several years, we have analyzed trends in the financing of local government in Minnesota and how these trends are changing. The changes now taking place are substantial. The financing of Minnesota local government in the 1980's will be substantially different from that of the 1970's. These changes must be addressed by those charged with the responsibility for City operations. An update of our prior reports "Financing Local Government in the 80's" is in process and will be completed pending the conclusion of the 1984 Legislature Session of the State of Minnesota. We will remit (under separate cover) this updated report to the City Council upon completion. MEMBERS OF AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS • PRIVATE COMPANIES PRACTICE SECTION MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS MUNICIPAL FINANCE OFFICERS ASSOCIATION • MINNESOTA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS