2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

Table 13

PLEDGED REVENUE COVERAGE Last Ten Fiscal Years

Utility Bonds

Less:

Net

Utility Service Charges

Debt Service

Fiscal Year

Operating Expense

Available Revenue

Principal

Interest

Coverage

2009

$

42,437,910

33,009,500 $

9,428,410 $

710,000 $

1,012,874 $

5.47

2010

45,586,795

36,375,440

9,211,355

765,000

939,426

5.40

2011

-

-

-

-

-

-

2012

-

-

-

-

-

-

2013

-

-

-

-

-

-

2014

-

-

-

-

-

-

2015

-

-

-

-

-

-

2016

-

-

-

-

-

-

2017

-

-

-

-

-

-

2018

-

-

-

-

-

-

1. Operating expense excludes depreciation and amortization.

Note: From 2009-2010, the SPUC Funds, Water and Electric Enterprise Funds,were reported as a blended component unit of the City. In 2011, SPUC Funds have been presented as discretely presented component units as it no longer met the criteria for blending.

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