2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 10

Last Ten Fiscal Years RATIOS OF GENERAL BONDED OUTSTANDING

Less:

Net

Percentage of Actual Taxable

Percentage

General

Tax

Available

General

of Total Personal Income

Fiscal

Obligation

Increment

Improvememt

Total

in Debt Service

Bonded Debt Outstanding

Value of

Per

Year

Bonds

Bonds

Bonds

Bonds

Property Capita

2016

$ 36,070,590

$

-

$ 2,095,000

$ 38,165,590

$ 4,875,714

$ 33,289,876

0.99% $ 827

2.90%

2017

35,284,168

-

1,085,000

36,369,168

4,265,148

32,104,020

0.90% 780

2.71%

2018

33,677,746

-

585,000

34,262,746

3,207,099

31,055,647

0.79% 748

2.48%

2019

32,006,324

4,220,000

235,000

36,461,324

3,147,055

33,314,269

0.79% 782

2.55%

2020

31,097,636 12,385,000

90,000

43,572,636

4,332,924

39,239,712

0.86% 898

2.80%

2021

26,588,480 13,142,512

-

39,730,992

1,239,273

38,491,719

0.72% 844

2.30%

2022

25,212,058 18,859,032

4,136,189

48,207,279

2,231,462

45,975,817

0.80% 1,000

2.57%

2023

23,770,636 18,174,099

4,132,928

46,077,663

3,470,018

42,607,645

0.64% 926

2.43%

2024

22,304,213 17,389,166

3,734,668

43,428,047

3,825,555

39,602,492

0.56% 849

1.97%

2025

20,767,790 16,569,233

3,336,408

40,673,431

3,653,083

37,020,348

0.49% 793

1.84%

Sources: 1. Metropolitan Council estimated for population. 2. Scott County Auditor 3. Details regarding the city's outstanding debt can be found in the notes to the financial statements.

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