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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 />Delinquent balance - January 1
<br />Current Levy
<br />Total receivable
<br />Receipts:
<br />County:
<br />Currant
<br />Delinquent
<br />State
<br />Total receipts
<br />Unadjusted balance
<br />Adjust to County
<br />Delinquent balance
<br />Total collections as a percent
<br />of current levy
<br />1989
<br />$41,388
<br />1,146,850
<br />1.188.238
<br />836,569
<br />16,811
<br />283,691
<br />1,137,071
<br />1988
<br />$27,995
<br />1,146,850
<br />1,174,845
<br />827,494
<br />8,961
<br />293,757
<br />1.130.212
<br />51,167 44,633
<br />(4,774) (3,245)
<br />1987
<br />$99,694
<br />990,000
<br />1,089,694
<br />694,652
<br />35,455
<br />277,295
<br />1.007,402
<br />82,292
<br />(54,297)
<br />1986
<br />$100,004
<br />835,500
<br />935,504
<br />557,533
<br />28,464
<br />249,813
<br />835,810
<br />99,694
<br />1985
<br />$86,141
<br />775,000
<br />861,141
<br />514,978
<br />19,630
<br />226,529
<br />761,137
<br />100,004
<br />$46,393 $41.388 $27.995 $99,694 $100.004
<br />99%
<br />99%
<br />102%
<br />100%
<br />98%
<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.
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