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City of Lino Lakes, Minnesota <br />Management Report <br />Combined Financial Statement Analysis <br />w <br />New <br />Vapor <br />A summary of assessment collections for the past four years is as follows: <br />Delinquent balance - January 1 <br />1994 1995 1996 1997 <br />$43,036 $36,497 $37,341 $21,040 <br />Add: <br />Current installment 387,200 394,770 366,146 614,537 <br />Amount collectible 430,236 431,267 403,487 635,577 <br />Less: <br />Current collections 355,543 353,424 355,609 608,744 <br />Delinquent collections 32,743 26,051 26,831 20,332 <br />Total collections 388,286 379,475 382,440 629,076 <br />Adjustments (5,453) (14,451) (7) 188 <br />Delinquent balance - December 31 $36,497 $37,341 $21,040 $6,689 <br />Current collection rate 92% 90% 97% 99% <br />Total collections as a percent <br />of current levy 100% 96% 104% 102% <br />As shown above, the City continues to experience an excellent collection rate. <br />Page 12 <br />