2020 City of Shakopee Budget

143

2020 Annual Budget Company: 03044- 2016A GO TAX ABATEMENT BOND Object Account Actual 2017 Actual 2018 Budget 2019

Revised Budget 2019

Requested Budget 2020

03044 - 2016A GO TAX ABATEMENT BOND REVENUES: 4011 - CURRENT PROPERTY TAX

(1,842,110.00) (1,942,260.00) (2,068,600.00) (1,842,110.00) (1,942,260.00) (2,068,600.00)

(2,068,600.00) (2,118,000.00) (2,068,600.00) (2,118,000.00)

TAXES

4833 - INTEREST

(4,004.21) 7,997.65 3,993.44

(1,616.82)

0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00 0.00

4834 - CHANGE IN FAIR MARKET VALUE

163.23

MISCELLANEOUS

(1,453.59)

PROCEEDS FROM DEBT ISSUED

0.00

0.00

0.00

0.00

0.00

REVENUES

(1,838,116.56) (1,943,713.59) (2,068,600.00)

(2,068,600.00) (2,118,000.00)

EXPENDITURES:

6810 - DEBT SERVICE PRINCIPAL 6850 - DEBT SERVICE INTEREST

0.00 1,040,000.00 1,095,000.00

1,095,000.00 1,150,000.00

1,090,581.26 1,064,581.26 1,011,200.00

1,011,200.00

955,000.00

6860 - FISCAL AGENT FEES

725.00

910.83

500.00

500.00

500.00

DEBT SERVICE

1,091,306.26 2,105,492.09 2,106,700.00

2,106,700.00 2,105,500.00

EXPENDITURES

1,091,306.26 2,105,492.09 2,106,700.00

2,106,700.00 2,105,500.00

OTHER FINANCING: TRANSFERS IN OTHER FINANCING

0.00 0.00

(7,575.77) (7,575.77)

0.00 0.00

0.00 0.00

0.00 0.00

Total 03044 - 2016A GO TAX ABATEMENT BOND

(746,810.30)

154,202.73

38,100.00

38,100.00

(12,500.00)