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City of Lino Lakes, Minnesota
<br />Management Report, Page 17
<br />Special Assessments Receivable
<br />Special assessments receivable consisted of the following amounts at December 31, 1990 and
<br />1989:
<br />December 31, Increase
<br />1990 1989 (Decrease)
<br />Delinquent $132,985 $161,751 ($28,766)
<br />Deferred 1,889,989 1,116,136 773,853
<br />City property 142,553 142,553 0
<br />Tax forfeit 121,425 121,425 0
<br />Due from County 19,792 40,236 (20,444)
<br />Special deferred 885,152 65,392 819,760
<br />Totals $3,191,896 $1,647,493 $1,544,403
<br />Delinquent assessments receivable consist of amounts collectible in 1990 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 />1990 1989 1988 1987
<br />$161,751 $123,153 $189,606 $290,525
<br />Add
<br />Current installment 245,618 326,516 312,610 388,798
<br />Amount collectible 407,369 449,669 502,216 679,323
<br />Less:
<br />Current collections 168,442 223,757 204,150 194,196
<br />Delinquent collections 107,879 64,161 163,841 190,508
<br />Total collections 276,321 287,918 367,991 384,704
<br />Adjustments 1,937 0 (11,072) (105,013)
<br />Delinquent balance - December 31 $132,985 $161,751 $123,153 $189,606
<br />Current collection rate 69% 69% 65% 50%
<br />Total collections as a percent
<br />of current levy 113% 88% 118% 99%
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