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City of Lino Lakes, Minnesota
<br />Management Report, Page 5
<br />Tax Increment Receivable
<br />The City had delinquent tax increments in the amount of $9,436 at December 31, 1993 as
<br />follows:
<br />TIF TIF
<br />1 -1 1 -2 Total
<br />Delinquent Balance - January 1 $12,031 $1,055 $13,086
<br />Current Levy 178,031 140,843 318,874
<br />Total receviable 190,062 141,898 331,960
<br />Receipts:
<br />Current 176,660 115,932 292,592
<br />Delinquent 3,969 1,054 5,023
<br />Total receipts 180,629 116,986 297,615
<br />Unadjusted balance
<br />Adjustments
<br />9,433 24,912 34,345
<br />0 (24,909) (24,909)
<br />Delinquent Balance - December 31 ®3 ==== $3 $9,436
<br />The adjustments consist of excess tax increments returned to other taxing jurisdictions.
<br />Special Assessments Receivable
<br />Special assessments receivable consisted of the following amounts at December 31, 1992 and.
<br />1993:
<br />December 31, Increase
<br />1992 1993 (Decrease)
<br />Delinquent $118,688 $43,036 ($75,652)
<br />Deferred 3,774,176 3,066,724 (707,452)
<br />City property 10,510 10,510 0
<br />Due from County 44,975 26,125 (18,850)
<br />Special deferred 895,698 297,113 (598,585)
<br />Totals $4,844,047 $3,443,508 ($1,400,539)
<br />Delinquent assessments receivable consist of amounts collectible in 1993 and prior years which
<br />the City has not yet received. Special deferred assessments consist of residents who have not yet
<br />hooked up to the water and sewer system and will be assessed at the time of hook up.
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