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Management Report and Recommendations 12/31/1996
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Management Report and Recommendations 12/31/1996
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Management Report and Recommendations
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12/31/1996
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City of Lino Lakes, Minnesota <br />Management Report, Page 5 <br />Tag Increment Receivable <br />The City had delinquent tax increments in the amount of $1 at December 31, 1996 as follows: <br />1995 1996 <br />Delinquent balance - January 1 $2,483 $2,640 <br />Current levy 319,303 377,093 <br />Total receviable 321,786 379,733 <br />Receipts: <br />Current 316,982 375,669 <br />Delinquent (3,369) 2,638 <br />Total receipts 313,613 378,307 <br />Unadjusted balance 8,173 1,426 <br />Adjustments: <br />Net adjustments (5,533) (1,425) <br />Delinquent balance - December 31 $2,640 S1 <br />Special Assessments Receivable <br />Special assessments receivable consisted of the following amounts at December 31, 1995 and <br />1996: <br />December 31, Increase <br />1995 1996 (Decrease) <br />Delinquent $37,341 S21,040 ($16,301) <br />Deferred 2,484,797 4,785,037 2,300,240 <br />City property 10,510 (10,510) <br />Due from County 14,467 2,926 (11,541) <br />Totals $2,547,115 $4,809,003 S2,261,888 <br />Delinquent assessments receivable consist of amounts collectible in 1996 and prior years <br />which the City has not yet received. The assessments of City property relate to parcels purchased <br />by the City for ponding purposes. During 1996, the City deleted the assessments on City <br />property. <br />
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