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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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Wwwr <br />Imo <br />WNW <br />City of Lino Lakes, Minnesota <br />Management Report, Page 6 <br />A summary of assessment collections for the past four years is as follows: <br />Delinquent balance - January 1 <br />1993 1994 1995 1996 <br />$118,690 $43,036 $36,497 $37,341 <br />Add: <br />Current installment 632,067 387,200 394,770 366,146 <br />Amount collectible 750,757 430,236 431,267 403,487 <br />Less: <br />Current collections 580,678 355,543 353,424 355,609 <br />Delinquent collections 39,313 32,743 26,051 26,831 <br />Total collections 619,991 388,286 379,475 382,440 <br />Adjustments (87,730) (5,453) (14,451) (7) <br />Delinquent balance - December 31 $43,036 $36,497 $37,341 $21,040 <br />Current collection rate 92 % 92 % 90% 97% <br />Total collections as a percent <br />of current levy 98% 100% 96% 104% <br />As shown above, the City continues to experience a stable collection rate. <br />
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