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UMW
<br />City of Lino Lakes, Minnesota
<br />Management Report, Page 10
<br />Taxes Receivable
<br />Delinquent taxes receivable were as follows for the past several years:
<br />1989 1990 1991 1992
<br />Delinquent balance - January 1 $41,388 $46,393 $50,963 $59,664
<br />Current Levy 1,146,850 1,529,821 1,717,474 1,865,188
<br />Total receivable 1,188,238 1,576,214 1,768,437 1,924,852
<br />Receipts:
<br />County:
<br />Current 836,569 1,082,674 1,333,954 1,408,779
<br />Delinquent 16,811 21,620 24,342 24,395
<br />State 283,691 411,973 340,224 397,193
<br />Total receipts 1,137,071 1,516,267 1,698,520 1,830,367
<br />Unadjusted balance 51,167 59,947 69,917 94,485
<br />Adjust to County (4,774) (8,984) (10,253) (17,694)
<br />Delinquent balance $46,393 _ $50,963 $59,664 $76,791
<br />Total collections as a percent
<br />of current levy
<br />99% 99% 99% 98%
<br />The City has experienced a solid tax collection rate over the past five years. The adjustments
<br />represent amounts provided by Anoka County for abatements and other adjustments to the
<br />delinquent balances.
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