2022 Annual Comprehensive Financial Report

CITY OF SHAKOPEE NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2022

As of December 31, 2022, the following conduit debt was outstanding: NOTE 9 – CONDUIT DEBT OBLIGATIONS (CONTINUED)

of Issue Amount Original

Balance

Date of Issue 06/18/14

Project

Outstanding

41,865,000

$

30,000,000

St. Francis Regional Medical Center

Health Care Facilities Revenue Refunding Bond

Series 2014

Senior Housing Revenue Bonds Series 2018 Benedictine Health System Obligated Group Scott County CDA Housing Development 2020B Refunding- North Ridge Court Project

52,040,000

12/01/18

52,440,000

11/24/20

4,000,000

3,730,000

$

85,770,000

Total

NOTE 10 – INTERFUND ASSETS/LIABILITIES

Payable Fund Receivable Fund The composition of interfund balances as of December 31, 2022 is as follows:

Amount

Capital Improvement Fund The due from/due to other funds balance represents borrowing to eliminate a cash deficit. This will be repaid as funds are available. 3,070,709 TIF District No. 18 Canterbury Common

72