2026 Budget for the City of Shakopee

105

2026 Annual Budget

Company: 2016A GO TAX ABATEMENT BOND

Object Account

Actual 2023

Actual 2024

Budget 2025

Requested Budget 2026

03044 - 2016A GO TAX ABATEMENT BOND REVENUES: 4011 - CURRENT PROPERTY TAX

(2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00)

TAXES

4833 - INTEREST

(3,289.58) (39,454.91) (42,744.49)

(2,951.45) (20,166.89) (23,118.34)

0.00 0.00 0.00

0.00 0.00 0.00

4834 - CHANGE IN FAIR MARKET VALUE

MISCELLANEOUS

REVENUES

(2,231,744.49) (2,212,118.34) (2,189,000.00) (2,189,000.00)

EXPENDITURES: 6810 - DEBT SERVICE PRINCIPAL 6850 - DEBT SERVICE INTEREST

1,330,000.00 1,355,000.00 1,425,000.00 1,495,000.00 789,531.26 742,356.26 672,900.00 599,900.00

6860 - FISCAL AGENT FEES

1,025.00

500.00

500.00

500.00

DEBT SERVICE

2,120,556.26 2,097,856.26 2,098,400.00 2,095,400.00

EXPENDITURES

2,120,556.26 2,097,856.26 2,098,400.00 2,095,400.00

OTHER FINANCING: TRANSFERS IN

0.00

0.00

0.00

0.00

PROCEEDS FROM DEBT/LEASE ISSUED

0.00

0.00

0.00

0.00

OTHER FINANCING

0.00

0.00

0.00

0.00

Total 03044 - 2016A GO TAX ABATEMENT BOND

(111,188.23)

(114,262.08)

(90,600.00)

(93,600.00)