2019 City of Shakopee Budget

130

CITY OF SHAKOPEE, MINNESOTA 2019 ANNUAL BUDGET DEBT SERVICE FUNDS

2008A

2010A

2012A

2016

Improve

Improve

Refunding Abatement

3041

3042

3043

3044

Total

Original Issuance

2,170,000

1,555,000

4,865,000

29,500,000

38,090,000

Maturity Date of Debt

2/1/2019

2/1/2021

2/1/2025

2/1/2036

Estimated Cash Balance at 12/31/18

228,705

181,272 25,892 207,164 370,000 19,615

1,620,939

1,142,938

3,173,854

Estimated Deferred Revenue for SA 12/31/18 Estimated (Current & Future) Available Funds

6,642

951,990

-

984,524

235,347

2,572,929

1,142,938

4,158,378

Principal Payments Remaining

215,000

3,305,000

28,460,000 9,389,322

32,350,000 9,654,987

Interest Remaining

8,600

237,450

Levy 2017 Collected 2018 Debt Levy Per Debt Issuance

149,448 14,000 135,448

105,940

558,285 558,285

2,240,260

3,053,933

Debt Levy Cancellation

298,000

870,285

Staff Recommendation for 2018 Levy General Fund Levy- Through Building Rent

105,940

-

1,942,260

2,183,648

-

-

300,000

-

300,000

Levy 2018 Collected 2019 Debt Levy Per Debt Issuance

-

114,950

538,020 538,020

2,240,523

2,893,493

Debt Levy Cancellation

172,000

710,020

Staff Recommendation for 2019 Levy General Fund Levy- Through Building Rent

- -

114,950

-

2,068,523

2,183,473

-

300,000

-

300,000

Levy 2019 Collected 2020 Debt Levy Per Debt Issuance

-

69,941

538,965

2,237,898

2,846,804