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Vow
<br />WREN
<br />Ner
<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 />1991 1992 1993 1994
<br />Delinquent balance - January 1 $50,963 $59,664 $76,791 $29,534
<br />Current Levy 1,717,474 1,865,188 2,073,987 2,268,950
<br />Total receivable 1,768,437 1,924,852 2,150,778 2,298,484
<br />Receipts:
<br />County:
<br />Current 1,333,954 1,408,779 1,588,279 1,815,761
<br />Delinquent 24,342 24,395 50,099 15,014
<br />State 340,224 397,193 469,323 427,284
<br />Total receipts 1,698,520 1,830,367 2,107,701 2,258,059
<br />Unadjusted balance
<br />Adjust to County
<br />Delinquent balance
<br />Total collections as a percent
<br />of current levy
<br />69,917 94,485 43,077 40,425
<br />(10,253) (17,694) (13,543) (12,621)
<br />$59,664 $76,791 $29,534 $27,804
<br />99% 98% 102% 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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