2020 City of Shakopee Budget
140
2020 Annual Budget
February 1, 2025 $ 4,865,000 G.O. Improvement Refunding Bonds, Series 2012A
Fund: Issuance: Maturity:
Establishment:
The bond was issued for $4,865,000 and matures on February 01, 2025. The bond was issued to Refund 2004A & 2004D 2004A was issued to fund the following construction projects: West Dean Lake, Vierling/CR 15 & Valley View, 2004D was issued to fund the following construction project: PW building construction.
Key Measures:
Actual
Actual
Projected
Projected
2017
2018
2019
2020
Principal Remaining Interest Remaining
$ $
3,760,000
$ $
3,305,000
$ $
2,840,000
$ $
2,385,000
308,700
237,450
175,400
122,550
Debt Levy
$ $ $ $
557,340 557,340
$ $ $ $
558,285 558,285
$ $ $ $
538,020 538,020
$ $ $ $
538,965 538,965
Cancelled Debt Levy
Staff Recommended Levy
-
-
-
-
General Fund Levy- Through Building Rent
340,000
300,000
300,000
300,000
Cash Balances
$
1,678,455
$
1,651,826
$
1,592,625
$
1,547,002
Debt Remaining
Yearly Totals
1,000,000 1,200,000 1,400,000 1,600,000 1,800,000
1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000
- 200,000 400,000 600,000 800,000
2017
2018
2019
2020
- 500,000
Interest Principal General Fund Levy- Through Building Rent Cash Balances
2017
2018
2019
2020
Principal
Interest
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