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City of Lino Lakes, Minnesota
<br />Management Report, Page 16
<br />Taxes Receivable
<br />Delinquent taxes receivable were as follows for the past several years:
<br />1990 1989 1988 1987 1986
<br />Delinquent balance - January 1 $46,393 $41,388 $27,995 $99,694 $100,004
<br />Current Levy 1,529,821 1,146,850 1,146,850 990,000 835,500
<br />... Total receivable 1,576,214 1,188,238 1,174,845 1,089,694 935,504
<br />Receipts:
<br />County:
<br />Current 1,082,674 836,569 827,494 694,652 557,533
<br />Delinquent 21,620 16,811 8,961 35,455 28,464
<br />State 411,973 283,691 293,757 277,295 249,813
<br />Total receipts 1,516,267 1,137,071 1,130,212 1,007,402 835,810
<br />Unadjusted balance
<br />Adjust to County
<br />Delinquent balance
<br />Total collections as a percent
<br />of current levy
<br />59,947 51,167 44,633 82,292 99,694
<br />(8,984) (4,774) (3,245) (54,297)
<br />$50,963 846,393 $41,388 $27,995 $99,694
<br />99% 99% 99% 102%
<br />100%
<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 />State legislation requires local government aid cuts. Certain cities do not have adequate LGA to
<br />allow for the statutory aid cuts. The State then reduces HACA which is a component of property
<br />tax collections. This will reduce the property tax levy collection rate for such cities. This is a very
<br />... poor bond rating indicator which has the potential to adversely impact all Minnesota cities.
<br />The City also had delinquent tax increments in the amount of $61,240 at December 31, 1990.
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