2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 9

Last Ten Fiscal Years RATIO OF OUTSTANDING DEBT BY TYPE

Governmental Activities

General

Tax

Total

Percentage of Personal

Fiscal

Obligation

Increment

Improvememt

SBITA Liability

Lease

Primary

Per

Year

Bonds

Bonds

Bonds

Liability

Government

Income

Capita

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

32,006,324

4,220,000

235,000

-

26,616

36,487,940

2.5% 857

2020

31,097,636 12,385,000

90,000

-

5,481

43,578,117

2.8% 997

2021

26,588,480 13,142,512

-

-

-

39,730,992

2.3% 871

2022

25,212,058 18,859,032

4,136,189

-

113,803

48,321,082

2.6% 1,051

2023

23,770,636 18,174,099

4,132,928

121,483

569,207

46,768,353

2.5% 1,016

2024

22,304,213 17,389,166

3,734,668

269,725

360,115

44,057,887

2.0% 957

Details regarding the city's outstanding debt can be found in the notes to the financial statements. See Table 13 for income and population data.

Sources:

158