2020 City of Shakopee Budget

142

2020 Annual Budget

February 1, 2036 $ 29,500,000 G.O. Tax Abatement Bonds, Series 2016A

Fund: Issuance: Maturity:

Establishment:

The bond was issued for $29,500,000 and matures on February 01, 2036. The bond was issued to fund the following construction projects: Community and Ice Arena Construction.

Key Measures:

Actual

Actual

Projected

Projected

2017

2018

2019

2020

Principal Remaining Interest Remaining

$ $

29,500,000 10,453,903

$ $

28,460,000 9,389,322

$ $

27,365,000 8,378,116

$ $

26,215,000 7,423,035

Debt Levy

$ $ $

2,237,110

$ $ $

2,240,260

$ $ $

2,240,523

$ $ $

2,237,898

Cancelled Debt Levy

395,000

298,000

171,923

120,000

Staff Recommended Levy

1,842,110

1,942,260

2,068,600

2,117,898

Cash Balance

$

1,286,267

$

1,132,889

$

1,109,777

$

1,122,093

Debt Remaining

Yearly Totals

2,500,000

- 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 45,000,000

2,000,000

1,500,000

1,000,000

500,000

-

2017

2018

2019

2020

2017

2018

2019

2020

Interest

Principal

Principal

Interest

Staff Recommended Levy

Cash Balances