Management Report and Recommendations 12/31/1984

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City of Lino Lakes, Minnesota Management Report, Page 9 Special Assessments Receivable Special assessments receivable consisted of the following: Delinquent Deferred Tax forfeit City property Delinquent - not spread for collection Total December 31, 1984 1983 $ 182,722 $ 123,970 610,715 746,489 8,578 18,373 121,241 122,524 8,446 Increase (Decrease) $ 58,752 (135,774) (9,795) (1,283) (8,446) $ 923,256 $1,019,802 $(96,546) Delinquent assessments consist of amounts which were spread for collection in 1984 and prior years which have not yet been received. For 1982 through 1984, special assessment collections were as follows: Delinquent balance - January 1 Add: Current installment Delinquent - previously not spread for collection Amount collectible Less: Current collections Delinquent collections Total collections Adjustments Delinquent balance - December 31 Total collections as a percent of current levy 1984 1983 1982 $123,970 $ 31,780 $ 16,356 201,280 227,230 215,629 8,446 333,696 259,010 231,985 124,395 25,945 150,340 123,535 6,578 130,113 (634) (4,927) 185,968 14,237 200,205 -0- $182,722 $123,970 $ 31,780 75% 57% 93% As the above schedule shows, special assessment collection rates have fluctuated substantially over the past several years. The ability of the City to collect special assessments is vital to the financing of the Special Assessment Debt Service Funds of the City. The primary funding of debt payments is special assessments. Timely collec- tion of special assessments are required to assure timely availability of cash to meet 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1