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City of Lino Lakes, Minnesota
<br />Management Report, Page 11
<br />MSA receipts of the City during periods in which the City does not have qualifying MSA
<br />construction projects. Additionally, this option normally accelerates the receipt of MSA allotments.
<br />Once received, the City retains the option of internally allocating the receipts to construction funds
<br />as needed. We recommend that the City consider this option.
<br />Taxes Receivable
<br />Delinquent taxes receivable were as follows for the past several years:
<br />1988 1987 1986 1985 1984
<br />Delinquent balance - January 1 $27,995 $99,694 $100,004 $86,141 $84,603
<br />Current Levy 1.146.850 990.000 835.500 775.000 690.000
<br />Total receivable 1,174,845 1,089,694 935,504 861,141 774,603
<br />Receipts:
<br />County:
<br />Current 827,494 694,652 557,533 514,978 467,696
<br />Delinquent 8,961 35,455 28,464 19,630 33,045
<br />State 293,757 277,295 249,813 226,529 187,721
<br />Total receipts 1,130,212 1,007,402 835,810 761,137 688,462
<br />Unadjusted balance 44,633 82,292 99,694 100,004 86,141
<br />Adjust to County (3,245) (54,297)
<br />Delinquent balance
<br />Total collections as a percent
<br />of current levy
<br />$41,388 $27,995 $99,694 $100,004
<br />99% 102% 100% 98%
<br />$86,141
<br />100%
<br />The City has experienced a solid tax collection rate over the past four years. The "adjustments"
<br />represent amounts provided by Anoka County for abatements and other adjustments to the
<br />delinquent balances.
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