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City of Lino Lakes, Minnesota
<br />Management Report, Page 13
<br />Special Assessments Receivable.
<br />Special assessments receivable consisted of the following amounts at December 31, 1991 and
<br />1990:
<br />December 31, Increase
<br />1991 1990 (Decrease)
<br />Delinquent $126,090 $132,985 ($6,895)
<br />Deferred 2,235,119 1,889,989 345,130
<br />City property 142,553 142,553 0
<br />Tax forfeit 101,508 121,425 (19,917)
<br />Due from County 10,500 19,792 (9,292)
<br />Special deferred 895,696 885,152 10,544
<br />Totals $3,511,466 $3,191,896 $319,570
<br />Delinquent assessments receivable consist of amounts collectible in 1991 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. A summary
<br />of assessment collections for the past four years is as follows:
<br />Delinquent balance - January 1
<br />Add:
<br />Current installment
<br />Amount collectible
<br />1991 1990 1989 1988
<br />$132,985 $161,751 $123,153 $189,606
<br />351,941 245,618 326,516 312,610
<br />484,926 407,369 449,669 502,216
<br />Less:
<br />Current collections 293,452 168,442 223,757 204,150
<br />Delinquent collections 65,396 107,879 64,161 163,841
<br />Total collections 358,848 276,321 287,918 367,991
<br />Adjustments 10 1,937 0 (11,072)
<br />Delinquent balance - December 31 $126,088 $132,985 $161,751 $123,153
<br />Current collection rate 83% 69% 69% 65%
<br />Total collections as a percent
<br />of current levy 102% 113% 88% 118%
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