2021 City of Shakopee Budget

142

2021 Annual Budget

February 1, 2036 $ 29,500,000 G.O. Tax Abatement Bonds, Series 2016A

Fund: Issuance: Maturity:

Establishment:

The bond was issued for $29,500,000 and matures on February 01, 2036. The bond was issued to fund the following construction projects: Community and Ice Arena Constructio n.

Key Measures:

Actual

Actual

Projected

Projected

2018

2019

2020

2021

Principal Remaining Interest Remaining

$ $

28,460,000 9,389,288

$ $

27,365,000 8,378,081

$ $

26,215,000 7,423,000

$ $

25,010,000 6,527,000

Debt Levy

$ $ $

2,240,260

$ $ $

2,240,523

$ $ $

2,237,898

$ $ $

2,237,635

Cancelled Debt Levy

298,000

171,923

119,000

49,000

Staff Recommended Levy

1,942,260

2,068,600

2,118,898

2,188,635

Cash Balances

$

1,132,889

$

1,131,106

$

1,126,499

$

1,213,599

Debt Remaining

Yearly Totals

2,500,000

- 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000

2,000,000

1,500,000

1,000,000

500,000

-

2018

2019

2020

2021

2018

2019

2020

2021

Interest

Principal

Principal

Interest

Staff Recommended Levy

Cash Balances