Management Report and Recommendations 12/31/1983

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City of Lino Lakes Management Report, Page 42 SummarZ A summary of areas to be reviewed and or monitored by the City of Lino Lakes is as follows: • Monitor State legislative actions which effect the revenues available to the City. (Page 1) • Review procedures to assure compliance with MS 118 which establishes deposit collateral requirements. (Page 7) • Continue efforts to monitor property tax collection rates. (Page 8) • Continue efforts to monitor special assessment collection rates and provide supplemental financing if collections are not adequate to finance bonded debt payments. (Pages 9 - 10) • Review and improve internal control procedures over special assessment and establish policy with regard to properties acquired by the City. (Pages 10 - 12) • Review benefits of implementing a fixed asset system. (Page 12) • Continue efforts to improve the fund balance of the City's General Fund and determine minimum required reserve levels. (Pages 15 - 18) • Review amended Revenue Sharing regulations and take action to assure compliance. (Pages 19, 20) • Retain subsidiary listings of all Parks and Playground Fund designations. (Pages 21, 22) • Determine sub - grantee compliance procedures required with regard to the Federal CDBG program. (Pages 23, 24) • Monitor financial position of the Community Development Block Grant Fund and the City Hall Expansion Fund to assure full and timely financing. (Page 24) • Amend the General Fund budget for 1984 to report expenditures of the City Hall Expansion in the Capital Project Fund. (Page 24) • Monitor financial position of the LAWCON Grant to assure full and timely financing. (Page 26) • Monitor the projected financial position of the City's Special Assessment Debt Service Fund. (Pages 27 - 30)