Management Report and Recommendations 12/31/1982

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City of Lino Lakes IIManagement Report, Page 47 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Summary A summary of areas to be reviewed and or monitored by the City of Lino Lakes is as follows • Prepare financial forecasts (budgets) based on changes in the State's financial situation (Pages 1 through 10) • Improve expense reimbursement procedures as they relate to the MWCC maintenance agreement. (Page 15) • Monitor the property tax collection rate. (Page 16) • Monitor delinquent and tax forfeit assessments to assure timely financing of related bonded debt. (Pages 17 and 18) • Improve internal accounting controls over the special assessment process. (Page 19) • Consider the benefits of establishing fixed asset records. (Page 21) • Review the minimum required reserve needs of the City's General Fund and establish a plan to achieve and maintain such a reserve. (Pages 23 to 27) • Review Revenue Sharing publication and accounting record procedures. (Pages 28 and 29) • Close the 1980 Equipment Certificate fund and monitor the financial position of the 1981 Equipment Certificate Fund. (Page 30) • Monitor City portion (if approved) of CDBG funded project for the Senior Citizen facility and maintain all compliance records required for CDBG funding. (Page 33) • Monitor compliance with the LAWCON Grant and provide City funding on a timely basis. (Page 34) • Monitor the projected financial position of the special assessment debt service funds. (Pages 36 and 37) • Take action to provide funding of sewer and water operations. (Pages 39 to 41) • Continue efforts to maintain accurate and timely documentation of official City minutes and resolutions. (Page 42) 1 • Review and update financial management systems. (Pages 43 to 46) Respectfully submitted, Z.6 a—De - DE LA HUNT VOTO & CO., LTD. ' Certified Public Accountants May 5, 1983