2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 9

Last Ten Fiscal Years RATIO OF OUTSTANDING DEBT BY TYPE

Governmental Activities

Business-type

General

Tax

Activities SBITA Liability

Total

Percentage of Personal

Fiscal

Obligation

Increment

Improvememt

SBITA Lease Liability Liability

Primary

Per

Year

Bonds

Bonds

Bonds

Government

Income

Capita

2016

$ 36,070,590

$

-

$ 2,095,000

$

-

$

-

$

-

$ 38,165,590

2.9% 948

2017

35,284,168

-

1,085,000

-

65,330

-

36,434,498

2.7% 886

2018

33,677,746

-

585,000

-

46,542

-

34,309,288

2.5% 826

2019

32,006,324

4,220,000

235,000

-

26,616

-

36,487,940

2.5% 857

2020

31,097,636 12,385,000

90,000

-

5,481

-

43,578,117

2.8% 997

2021

26,588,480 13,142,512

-

-

-

-

39,730,992

2.3% 871

2022

25,212,058 18,859,032

4,136,189

-

113,803

-

48,321,082

2.6% 1,051

2023

23,770,636 18,174,099

4,132,928 121,483

569,207

-

46,768,353

2.5% 1,016

2024

22,304,213 17,389,166

3,734,668 269,725

360,115

-

44,057,887

2.0% 944

2025

20,767,790 16,569,233

3,336,408 293,484

474,722

21,038

41,462,675

1.9% 889

Details regarding the city's outstanding debt can be found in the notes to the financial statements. See Table 13 for income and population data.

Sources:

159