2022 City of Shakopee Budget
140
2022 Annual Budget
G.O. Tax Abatement Bonds, Series 2016A $ 29,500,000 February 1, 2036
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
2019
2020
2021
2022
Principal Remaining Interest Remaining
$ $
27,365,000 8,378,116
$ $
26,215,000 7,423,035
$ $
25,010,000 6,526,828
$ $
23,745,000 5,692,372
Debt Levy
$ $ $
2,240,523
$ $ $
2,237,898
$ $ $
2,237,635
$ $ $
2,239,473
Cancelled Debt Levy
171,923
119,000
49,035
50,473
Staff Recommended Levy
2,068,600
2,118,898
2,188,600
2,189,000
Cash Balances
$
1,131,106
$
1,148,851
$
1,213,074
$
1,302,118
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
-
2019
2020
2021
2022
2019
2020
2021
2022
Interest
Principal
Principal
Interest
Staff Recommended Levy
Cash Balances
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