2020 City of Shakopee Budget

138

2020 Annual Budget

February 1, 2021 $ 1,555,000 G.O. Improvement Bonds Series 2010A

Fund: Issuance: Maturity:

Establishment:

The bond was issued for $1,555,000 and matures on February 01, 2021. The bond was issued to fund the following construction projects: 2009 Reconstruction, 2010 Reconstruction, Bituminous Overlay and church addition road.

Key Measures:

Actual

Actual

Projected

Projected

2017

2018

2019

2020

Principal Remaining Interest Remaining

$ $

505,000 32,910

$ $

370,000 19,615

$ $

235,000

$ $

90,000

9,425

2,610

Debt Levy

$

107,145

$

105,940

$

114,951

$

69,941

Cash Balances

$

197,357

$

178,852

$

167,781

$

95,318

Debt Remaining

Yearly Totals

600,000

250,000

500,000

200,000

400,000

150,000

300,000

100,000

200,000

50,000

100,000

-

2017

2018

2019

2020

-

2017

2018

2019

2020

Interest

Principal

Principal

Interest

Staff Recommended Levy

Cash Balances