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City of Lino Lakes, Minnesota
<br />Management Report, Page 11
<br />Tax Increment Receivable
<br />The City had delinquent tax increments in the amount of $13,086 at December 31, 1992 as
<br />follows:
<br />TIF TIF
<br />1 -1 1 -2 Total
<br />Delinquent Balance - January 1 $67,100 $3 $67,103
<br />Current Levy 196,060 134,748 330,808
<br />Total receviable 263,160 134,751 397.911
<br />Receipts:
<br />Current 180,208 131,503 311,711
<br />Delinquent 37,611 37,611
<br />Total receipts 217,819 131,503 349,322
<br />Unadjusted balance 45,341 3,248 48,589
<br />Adjustments (33,310) (2,193) (35,503)
<br />Delinquent Balance - December 31 $12,031 $1,055 $13,086
<br />The adjustments consist of tax forfeited property within the District.
<br />Special Assessments Receivable
<br />Special assessments receivable consisted of the following amounts at December 31, 1991 and
<br />1992:
<br />December 31, Increase
<br />1991 1992 (Decrease)
<br />Delinquent $126,090 $118,688 ($7,402)
<br />Deferred 2,235,119 3,774,176 1,539,057
<br />City property 142,553 10,510 (132,043)
<br />Tax forfeit 101,508 0 (101,508)
<br />Due from County 10,500 44,975 34,475
<br />Special deferred 895,696 895,698 2
<br />Totals $3,511,466 $4,844,047 $1,332,581
<br />Delinquent assessments receivable consist of amounts collectible in 1992 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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