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UMW
<br />Wm Er
<br />vamo
<br />City of Lino Lakes, Minnesota
<br />Management Report, Page 4
<br />Property Taxes Receivable
<br />Delinquent taxes receivable were as follows for the past several years:
<br />1993 1994 1995 1996
<br />Delinquent balance - January 1 $76,791 $29,534 $27,804 $22,367
<br />Current levy (1) 1,604,664 1,841,666 2,199,426 2,624,043
<br />Total receivable 1,681,455 1,871,200 2,227,230 2,646,410
<br />Receipts:
<br />County:
<br />Current 1,588,279 1,815,761 2,178,795 2,595,960
<br />Delinquent 50,099 15,014 21,206 15,641
<br />Total receipts 1,638,378 1,830,775 2,200,001 2,611,601
<br />Unadjusted balance
<br />Adjust to County
<br />Delinquent balance
<br />Total collections as a percent
<br />of current levy
<br />(1) exludes HACA
<br />43,077 40,425 27,229 34,809
<br />(13,543) (12,621) (4,862) (12,319)
<br />$29,534 $27,804 $22,367 $22,490
<br />102% 99% 100% 100%
<br />The City has experienced a solid tax collection rate over the past four years. The adjustments
<br />represent amounts provided by Anoka County for abatements and other adjustments to the
<br />delinquent balances.
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