2025 Budget for the City of Shakopee

103

2025 Annual Budget

Company: 2016A GO TAX ABATEMENT BOND

Object Account

Actual 2022

Actual 2023

Budget 2024

Requested Budget 2025

03044 - 2016A GO TAX ABATEMENT BOND REVENUES: 4011 - CURRENT PROPERTY TAX

(2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00) (2,189,000.00)

TAXES

4833 - INTEREST

(1,562.43)

(3,289.58)

0.00 0.00 0.00

0.00 0.00 0.00

4834 - CHANGE IN FAIR MARKET VALUE

70,325.16 (39,454.91) 68,762.73 (42,744.49)

MISCELLANEOUS

REVENUES

(2,120,237.27) (2,231,744.49) (2,189,000.00) (2,189,000.00)

EXPENDITURES: 6810 - DEBT SERVICE PRINCIPAL 6850 - DEBT SERVICE INTEREST

1,265,000.00 1,330,000.00 1,355,000.00 1,425,000.00 834,456.26 789,531.26 742,400.00 672,900.00

6860 - FISCAL AGENT FEES

910.83

1,025.00

500.00

500.00

DEBT SERVICE

2,100,367.09 2,120,556.26 2,097,900.00 2,098,400.00

EXPENDITURES

2,100,367.09 2,120,556.26 2,097,900.00 2,098,400.00

OTHER FINANCING: TRANSFERS IN

0.00

0.00

0.00

0.00

PROCEEDS FROM DEBT/LEASE ISSUED

0.00

0.00

0.00

0.00

OTHER FINANCING

0.00

0.00

0.00

0.00

Total 03044 - 2016A GO TAX ABATEMENT BOND

(19,870.18)

(111,188.23)

(91,100.00)

(90,600.00)