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City of Lino Lakes, Minnesota <br />Management Report, Page 10 <br />Special Assessments Receivable <br />Special assessments receivable consisted of the following: <br />Delinquent <br />Deferred <br />City property <br />Total <br />Dece <br />1985 <br />$ 271,588 <br />491,159 <br />129,819 <br />$ 892,566 <br />tuber 31, <br />1984 <br />$ 182,722 <br />610,715 <br />129,819 <br />$ 923,256 <br />Increase <br />(Decrease) <br />$ 88,866 <br />(119,556) <br />$(30,690) <br />Delinquent assessments consist of amounts which were spread for collection in 1985 <br />and prior years which have not yet been received. For 1982 through 1985, special <br />assessment collections were as follows: <br />... Delinquent balance - January 1 <br />Add: <br />Current installment <br />Delinquent - previously not <br />spread for collection <br />Amount collectible <br />Less: <br />Current collections <br />Delinquent collections <br />Total collections <br />1985 1984 1983 1982 <br />$182,722 $123,970 $ 31,780 -$ 16,356 <br />183,830 201,280 227,230 215,629 <br />8,446 <br />366,552 333,696 259,010 231,985 <br />63,292 124,395 123,535 185,968 <br />31,672 25,945 6,578 14,237 <br />94,964 150,340 130,113 200,205 <br />Adjustments -0- (634) (4,927) -0- <br />Delinquent balance - December 31 $271,588 $182,722 $123,970 $ 31,780 <br />Total collections as a percent <br />of current levy 52% 75% 57% 93% <br />As the above schedule shows, special assessment collection rates have fluctuated <br />substantially over the past several years. The ability of the City to collect special <br />assessments is vital to the financing of the Special Assessment Debt Service Funds of <br />the City. The primary funding of debt payments is special assessments. Timely collec- <br />tion of special assessments are required to assure timely availability of cash to meet <br />the scheduled debt payments. If the City continues to experience high delinquency <br />