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City of Lino Lakes, Minnesota
<br />Management Report, Page 12
<br />Taxes Receivable
<br />Delinquent taxes receivable were as follows for the past several years:
<br />- 1991 1990 1989 1988
<br />Delinquent balance - January 1 $50,963 $46,393 $41,388 $27,995
<br />Current Levy 1,717,474 1,529,821 1,146,850 1,146,850
<br />Total receivable 1,768,437 1,576,214 1,188,238 1,174,845
<br />Now
<br />Receipts:
<br />County:
<br />Current 1,333,954 1,082,674 836,569 827,494
<br />Delinquent 24,342 21,620 16,811 8,961
<br />State 340,224 411,973 283,691 293,757
<br />Total receipts 1,698,520 1,516,267 1,137,071 1,130,212
<br />Unadjusted balance 69,917 59,947 51,167 44,633
<br />Adjust to County (10,253) (8,984) (4,774) (3,245)
<br />Delinquent balance $59,664 $50,963 $46,393 $41,388
<br />Total collections as a percent
<br />of current levy
<br />99% 99% 99% 99%
<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.
<br />two
<br />Tax Increment Receivable
<br />The City had delinquent tax increments in the amount of $67,104 at December 31, 1991 as
<br />follows:
<br />TIF TIF
<br />1 -1 1 -2 Total
<br />Delinquent Balance - January 1 $60,787 $452 $61,239
<br />Current Levy 198,890 71,050 269,940
<br />Total receviable 259,677 71,502 331,179
<br />Receipts:
<br />Current 164,259 71,048 235,307
<br />Delinquent 27,067 451 27,518
<br />Total receipts 191,326 71,499 262,825
<br />Unadjusted balance 68,351 3 68,354
<br />Adjustments (1,251) 0 (1,251)
<br />Delinquent Balance - December 31 $67,100 $3 $67,103
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