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1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />City of Lino Lakes, Minnesota <br />Management Report, Page 10 <br />the scheduled debt payments. If the City continues to experience high delinquency <br />rates, the funds which rely on assessments will be unable to meet scheduled bond maturi- <br />ties on a timely basis. We recommend that the City monitor the collection rate and pro- <br />vide supplemental financing if assessment collections are not adequate to meet bonded <br />debt payments. <br />The amount listed as "City property" totaled $121,241 at December 31, 1984. This <br />amount has decreased during 1984 by a partial payment received from the County. The <br />City acquired these properties in order to recover the assessments levied against these <br />properties. The City has received clearance to permit development of these lots from <br />various authorities (Army Corps of Engineers and State DNR). The City intends to sell <br />the properties and recover the related assessments. We recommend that the City deter- <br />mine if the amounts are fully recoverable and that interim financing be provided through <br />scheduled property tax levies for the related debt service fund. <br />There were two parcels on an assessment roll which had not been spread for collec- <br />tion in error. The County, however, had not spread the amounts related to these two <br />parcels for 1982. For 1983 and 1984, the County has spread the 1982 through 1984 por- <br />tions for both parcels. This error emphasizes the need for continued monitoring of <br />County collections. This situation was caused (in part) by the lack of communication of <br />editing of assessment rolls by the County (i.e., adjustments to rolls submitted are not <br />sent to the City). <br />The City effects special assessment collections through Anoka County as a collection <br />agent. This agency arrangement has advantages to the City primarily in saving admi- <br />nistrative time and effort required to bill and collect special assessments. A certain <br />level of control, however, is lost through the agency arrangement insofar as accounting <br />records are located and maintained at both the County and the City. Correlation of <br />these records is required to assure accurate tabulation of receivables and amounts <br />