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057 <br />COUNCIL WORK SESSION <br />April 28, 1986 <br />IMayor Benson called to order the work session to discuss the Year <br />End Audit for 1985 at 6:06 P.M. Present: Bohjanen, Marier, Bisel. <br />Absent: Reinert. Also present were City Administrator, Randy <br />Schumacher; Rob Tautges- -Voto, Reardon, et al; Joe Huss, Accountant; <br />and Shar Foster, Secretary. <br />Mr. Tautges stated that due to a change in federal legislation (the <br />"Single Audit Act ") a further audit is required for situations wherein <br />'$100,000+ in aid is collected. City of Lino Lakes did fall under this <br />requirement in 1985. <br />Mr. Tautges also stated that an additional report will need to be <br />provided in June as required by state legislative changes. <br />The report which Mr. Tautges described in greatest detail was the <br />"Management Report and Recommendations ". He reviewed page by page <br />the status of major accounts and summarized the report by stating <br />that overall the City of Lino Lakes is in excellent shape. He re- <br />sponded to Mayor Benson's question of what areas need attention by <br />citing the following: <br />1) The City should continue with the program presently being followed <br />with respect to the general fund reserve. <br />I 2) Attention should be given to the current delinauency in the assess- <br />ments fund. One suggestion given was to keep monitoring Anoka <br />County to assure that they are doing them part in the assessment <br />collection procedure. The delinquency appears to be on the part <br />of only one party; if this party were up to date on its assessment, <br />the fund would be in excellent shape. Mr. Marier suggested that <br />a quarterly report of this activity be made available to the <br />Council in the future in order to prevent problems or take action <br />if necessary before the situation becomes out of hand. Mr. Tautges <br />reminded the Council that due to the fact that the assessments due <br />t'1e City are greatly increasing with the projects the City is under- <br />taking, this item needs close attention, He also added that the <br />computer system which will be up and running this year will help <br />monitor the status of assessments. <br />3) Use of the computer system should be encouraged and monitored. <br />From the audit standpoint, the computer will improve all the <br />accounting functions. <br />4) A blanket recommendation to all municipalities is to monitor the <br />state legislation regarding aid. Presently the state is consid- <br />ering legislation which could greatly affect the economic state <br />of the city. <br />The Council thanked Mr. Tautges for an excellent and informative <br />presentation. Consideration and approval of the audit took place <br />at the regular Council meeting following this work session. <br />Mr. Bohjanen moved and Mr. Marier seconded the motion to adjourn <br />at 6:50 P.M. Minutes were copse' e an pproved on 6. <br />/; <br />Marilyn +G. Anderson, City Clerk <br />/ 4 / *-4,4A <br />amin G Benson, Mayor <br />