Laserfiche WebLink
City of Lake Elmo, Minnesota <br />Management Report, Page 39 <br />SUMMARY <br />During 1990, we recommend that the City: <br />• Take actions to improve the tax capacity base of the City and/or notify property pwners <br />of increasing tax burdens. (Page 7) <br />• Monitor the past due rent on the old City Hall building. (Page 14) <br />• Review policies relating to developers deposits and monitor existing receivable balances. <br />(Page 14) <br />• Record cash transfers and other closing entries necessary to adjust the City's individual <br />fund account balances at December 31, 1989. (Page 14) <br />• Establish a policy on the use of excess MSA maintenance monies. (Page 15) <br />• Monitor tax collection rates annually. (Page 16) <br />• Monitor the status of green acre assessments. (Page 18) <br />• Oppose the State's method of targeting aid reductions to cities. (Page 22) <br />• Amend procedures to fund the deficit in the Equipment Certificates of 1989 Fund and to <br />levy required amounts for future internally issued certificates. (Page 27) <br />• Monitor the status of the appeal for greater EPA grant proceeds. (Page 31) <br />• Verify that compliance with EPA grant regulations is being achieved and take steps to <br />assure that all reimbursable project costs are recovered (Page 32) <br />• Continue to monitor all grant conditions on a timely basis. (Page 32) <br />• Consider bonding for the assessed portion of MSA construction projects or establish an <br />interfund loan from a Council designated fund. (Page 33) <br />• Review qualifying types of expenditures for the Infrastructure Reserve Fund prior to <br />expending such amounts. (Page 34) <br />• Review utility rates annually to assure full funding of water operations. (Page 36) <br />Respectfully submitted, <br />VOTO, TAUTGES, REDPATH & CO., LTD. <br />Certified Public Accountants <br />May 24, 1990 <br />