2021 City of Shakopee Budget

140

2021 Annual Budget

February 1, 2025 $ 4,865,000 G.O. Improvement Refunding Bonds, Series 2012A

Fund: Issuance: Maturity:

Establishment:

The bond was issued for $4,865,000 and matures on February 01, 2025. The bond was issued to Refund 2004A & 2004D 2004A was issued to fund the following construction projects: West Dean Lake, Vierling/CR 15 & Valley View, 2004D was issued to fund the following construction project: PW building constructio n.

Key Measures:

Actual

Actual

Projected

Projected

2018

2019

2020

2021

Principal Remaining Interest Remaining

$ $

3,305,000

$ $

2,840,000

$ $

2,385,000

$ $

1,920,000

237,450

175,400

122,550

78,900

Debt Levy

$ $ $ $

558,285 558,285

$ $ $ $

538,020 538,020

$ $ $ $

538,965 538,965

$ $ $ $

544,950 544,950

Cancelled Debt Levy

-

-

-

Staff Recommended Levy

-

Building Internal Service Fund Transfer

300,000

300,000

300,000

300,000

Cash Balances

$

1,651,826

$

1,658,895

$

1,618,385

$

1,564,935

Debt Remaining

Yearly Totals

1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000

1,000,000 1,200,000 1,400,000 1,600,000 1,800,000

- 200,000 400,000 600,000 800,000

2018

2019

2020

2021

- 500,000

Interest Principal Building Internal Service Fund Transfer Cash Balances

2018

2019

2020

2021

Principal

Interest