2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2025

NOTE 8 – LONG-TERM DEBT (CONTINUED)

F. Minimum Debt Payments for Bonds, Leases and SBITAs Debt service to maturity for outstanding G.O. bonds, lease payables and SBITA payables are as follows:

Year Ending December 31,

Governmental Bonds

Principal

Interest

Total

2028 2029 2030 2027 2026

$

2,990,000 3,080,000 15,645,000 7,580,000 2,905,000 2,690,000 2,805,000 1,200,000

$

1,115,644 1,000,493

$

3,805,644 3,805,493 3,804,444 3,795,968 3,796,519 17,936,236 8,195,760 1,218,000

716,519 899,444 805,968

2031-2035 2036-2040

2,291,236

18,000 615,760

2041

Total

$ 38,895,000

$

7,463,064

$ 46,358,064

December 31, Year Ending

Governmental Lease Payable

Principal

Interest

Total

2028 2027 2029 2030 2026

$

3,944 28,820 77,556 176,496 187,906

$

25,335 14,024

$

30,131 83,451 213,241 190,520

1,311 5,895

73

4,017

Total

$

474,722

$

46,638

$

521,360

Year Ending December 31,

Governmental SBITA Payable

Principal

Interest

Total

2026 2027 2028

$

190,402 94,386

$

8,238 2,602

$

198,640 96,988

8,696

205

8,901

Total

$

293,484

$

11,045

$

304,529

Year Ending December 31,

Business-Type SBITA Payable

Principal

Interest

Total

2026 2027

$

10,271 10,767

$

883 387

$

11,154 11,154

Total

$

21,038

$

1,270

$

22,308

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