2020 Comprehensive Annual Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2020

NOTE 10 – CONDUIT DEBT OBLIGATIONS (CONTINUED) As of December 31, 2020, the following conduit debt was outstanding:

Amount Original

Balance

04/26/12 Date of Issue

5,885,000 $ of Issue

Outstanding

Project Scott County CDA Housing Development

$

4,330,000

2012B Refunding- North Ridge Court Redevelopment

12/01/13

5,161,478

9,485,000

Benedictine Health System Obligated Group

Health Care and Housing Facilities Revenue Refunding

Note Series 2013A

12/01/13

6,924,863

9,575,000

2020B Refunding- North Ridge Court Project Scott County CDA Housing Development St. Francis Regional Medical Center Health Care Facilities Revenue Refunding Bond Benedictine Health System Obligated Group Senior Housing Revenue Bonds Series 2018 Series 2014 Benedictine Health System Obligated Group Health Care and Housing Facilities Revenue Refunding Note Series 2013B

41,865,000

33,525,000

06/18/14

52,440,000

12/01/18

52,440,000

4,000,000

11/24/20

4,000,000

106,381,341 $

Total

NOTE 11 – INTERFUND ASSETS/LIABILITIES

The composition of interfund balances as of December 31, 2020 is as follows:

Receivable Fund

Payable Fund

Amount

Capital Improvement Fund

TIF District No. 18 Canterbury Common

$

1,224,279

Sewer Fund

Refuse Fund

40,917

$ Total The due from/due to other funds balance represents borrowing to eliminate a cash deficit. This will be repaid as funds are available.

1,265,196

74