Agenda - Council - 09/08/1981 - Laserfiche WebLink

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" O I I I I I STATE OF MINNESOTA DEPARTMENT OF FINANCE 3,09 STATE ADMINIC:TRATION BUILDING 61~-296-5900 August 7, 1981 TO: County Executives City Executives FROM: Wayne S. Burggraaff Commissioner of Finance SUBJECT: Request for Information on Cash Flow I I I Chapter 1, Laws 1981, Second Special Session~-requires-the Commissioner of Finance to conduct a study of the state's cash flow management. This requirement states.: "the commissioner of the department of finance shall prepare a comprehensive study of the state's cash flow management. The study shall evaluate options to reduce any cash flow management diffi- culties outlined in the study, including changes in payment or payment dates for aids and credits paid by the state, expenditure reductions, or revenue increases. The study shall contain the recommendations of-the commissioner to improve the state's cash flow.management..." (Section 9) Any stu.dy considering options for payment of state aids to local governments must, in fairness to units receiving aids, care- fully examine their receipt and disbursement patterns. Most of the information needed to do this kind of analysis is not -'- . however, available in the State Accounting System, nor is it available from State Auditor's reports. For this reason; : I request that you provide us with information on monthly ' cash receipts and disbursements for the' period from January 1; 1980 to December 31, 1980 and annual estimates for calendar -;~-' years 1981 and 1982. We hope that in the proces~ of evaluating the overall cash flow situation, the state and local units of government can jointly develop an approach which generally ":'''.-' ' -" A form for reporting'th'e information is enclosed. It was -.-:. - developed after consultation with legislative staff,-' state ' "!~i'.'~{~'; Auditor's Office, representatives from the Association of ', -.?:,~if!~i~i.~.':-! Minnesota Counties, League of Minnesota Cities, Minnesota' '''