Management Report and Recommendations 12/31/1983

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City of Lino Lakes Management Report, Page 9 In 1983 the collection rate as a percent of current levy increased by 8% to a 99% rate. This increase in collection rate reverses a trend that the City had been experiencing for the prior four years. Property taxes are a primary revenue source of the City. We recommend that the City monitor the collection rate for property taxes and prepare revenue operation budgets based on the expected delinquency rate. Special Assessments Receivable Special assessments receivable consisted of the following: Delinquent Deferred Tax forfeit City property Delinquent - not spread for collection Total December 1983 $ 123,970 $ 746,489 18,373 122,524 8,446 31, Increase 1982 (Decrease) 31,780 $ 92,190 809,668 (63,179) 132,981 (114,608) 11,569 110,955 4,708 $1,019,802 $ 990,706 3,738 $ 29,096 1 1 1 1 1 1 1 1 Delinquent assessments consist of amounts which were spread for collection in 1983 II and prior years which have not yet been received. For 1983 and 1982, the City's special II assessment collections were as follows: Delinquent balance - January 1 Add: Current installment Amount collectible Less: Current collections Delinquent collections Total collections Adjustments Delinquent balance - December 31 Total collection as a percent of current levy 1983 1982 $ 31,780 $ 16,356 227,230 215,629 259,010 231,985 123,535 6,578 130,113 (4,927) $123,970 57% 185,968 14,237 200,205 -0- $ 31,780 93% 1 ��I 1 1 1 1