2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 10

Last Ten Fiscal Years RATIOS OF GENERAL BONDED OUTSTANDING

Less:

Net

Percentage of Actual Taxable

Percentage

General

Tax

Available

General

of Total Personal Income

Fiscal

Obligation

Increment

Improvememt

Total

in Debt Service

Bonded Debt

Value of

Per

Year

Bonds

Bonds

Bonds

Bonds

Outstanding Property Capita

2015

$ 5,100,000

$

-

$ 3,115,000

$ 8,215,000

$ 3,085,157

$ 5,129,843

0.23% $ 130

0.65%

2016

36,070,590

-

2,095,000 38,165,590

4,875,714 33,289,876

0.99% 827

2.90%

2017

35,284,168

-

1,085,000 36,369,168

4,265,148 32,104,020

0.90% 780

2.71%

2018

33,677,746

-

585,000 34,262,746

3,207,099 31,055,647

0.79% 748

2.48%

2019

32,006,324

4,220,000

235,000 36,461,324

3,147,055 33,314,269

0.79% 782

2.55%

2020

31,097,636 12,385,000

90,000 43,572,636

4,332,924 39,239,712

0.86% 898

2.80%

2021

26,588,480 13,142,512

-

39,730,992

1,239,273 38,491,719

0.72% 844

2.30%

2022

25,212,058 18,859,032

4,136,189 48,207,279

2,231,462 45,975,817

0.80% 1,000

2.57%

2023

23,770,636 18,174,099

4,132,928 46,077,663

3,470,018 42,607,645

0.64% 926

2.43%

2024

22,304,213 17,389,166

3,734,668 43,428,047

3,825,555 39,602,492

0.56% 860

2.00%

Sources: 1. Metropolitan Council estimated for population. 2. Scott County Auditor 3. Details regarding the city's outstanding debt can be found in the notes to the financial statements.

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