2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 9

Last Ten Fiscal Years RATIO OF OUTSTANDING DEBT BY TYPE

Governmental Activities

Special

Total

Percentage of Personal

Fiscal Year

G.O. Bonds

Assessment

SBITA Liability

Lease

Primary

Per

Bonds

Liability

Government

Income Capita

2014

$ 9,390,000

$ 4,440,000

$

-

$

-

$ 13,830,000

1.1% 353

2015

5,100,000

3,115,000

-

-

8,215,000

0.7% 208

2016

36,070,590

2,095,000

-

-

38,165,590

2.9% 948

2017

35,284,168

1,085,000

-

65,330

36,434,498

2.7% 886

2018

33,677,746

585,000

-

46,542

34,309,288

2.5% 826

2019

36,226,324

235,000

-

26,616

36,487,940

2.5% 857

2020

43,482,636

90,000

-

5,481

43,578,117

2.8% 997

2021

39,730,992

-

-

-

39,730,992

2.3% 871

2022

48,207,279

-

-

113,803

48,321,082

2.6% 1,051

2023

46,077,663

-

121,483

569,207

46,768,353

2.4% 1,004

Details regarding the city's outstanding debt can be found in the notes to the financial statements. See Table 14 for income and population data.

Sources:

164