2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2021

As of December 31, 2021, the following conduit debt was outstanding: NOTE 10 – CONDUIT DEBT OBLIGATIONS (CONTINUED)

Amount Original of Issue

Date of

Outstanding Balance

Project

Issue

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

06/18/14

41,865,000

$

31,805,000

12/01/18

52,440,000

52,440,000

11/24/20

4,000,000

4,000,000

Shakopee Village Apartments Project

07/08/21

6,825,000

6,825,000

Multifamily Housing Revenue Bonds Series 2021

Total

$

95,070,000

NOTE 11 – INTERFUND ASSETS/LIABILITIES

The composition of interfund balances as of December 31, 2021 is as follows:

Receivable Fund

Payable Fund Nonmajor Governmental Funds

Amount

General Fund

$

8,689

Capital Improvement Fund

TIF District No. 18 Canterbury Common

3,092,399

Sewer Fund

Refuse Fund

18,324

3,119,412 Total The due from/due to other funds balance represents borrowing to eliminate a cash deficit. This will be repaid as funds are available. $

73