Debr Service FundsDEBT SERVICE FUNDS
Debt Service Funds are Governmental fund types used to account for
the accumulation of resources for, and the payment of, general long-
term debt principal and interest.
The City of Golden Valley has the highest bond rating by Moody's
Investor Services. The AAA bond rating was awarded in 2010.
Street Reconstruction Bonds
Tax Increment Bonds
Certificates of Indebtedness
Tax Abatement Bonds
Other Bonds:
State Aid Revenue Bonds
Storm Sewer Revenue Bonds
117
Pavement Management Bonds
GO Improvement Bonds Series 2000A -2009C (ends 2016)
GO Improvement Bonds Series 2002A -2009D (ends 2018)
GO Improvement Bonds Series 2003C -2011C (ends 2019)
GO Improvement Bonds Series 2005C -2012C (ends 2025)
GO Improvement Bonds Series 2006B (ends 2026)
GO Improvement Bonds Series 2007C (ends 2027)
GO Improvement Bonds Series 2008A (ends 2028)
GO Improvement Bonds Series 2009A (ends 2029)
GO Improvement Bonds Series 2010A (ends 2030)
GO Improvement Bonds Series 2011A (ends 2031)
GO Improvement Bonds Series 2012A (ends 2032)
GO Improvement 2013 (ends 2033)*
Equipment Certificates
GO Equipment Cert Bonds Series 2009B
GO Equipment Cert Bonds Series 2010B
GO Equipment Cert Bonds Series 2011 B
GO Equipment Cert Bonds Series 2012B
GO Equipment Cert Bonds Series 2013 *
Abatement Bonds
GO Improvement Bonds Series 2004B (ends 2019)
General Obligation Revenue Bonds
Utility Revenue Bonds 2004C (ends 2019)
Utility Revenue Bonds 2006C (ends 2016)
State Aid Street Bonds
State Aid Bonds Series 2007A (ends 2027)
Tax Increment Bonds
Golden Hills TI Bonds Series 2005A (ends 2015)
Golden Hills TI Bonds Series 2005B (ends 2015)
Golden Hills TI Bonds Series 2006A (ends 2015)
TOTAL BONDED DEBT OUTSTANDING
* - not issued
Principal
Principal
Principal
Balance
Payment
Payment
12/31/12
2013
2014
3,085,000
750,000
750,000
4,790,000
675,000
765,000
4,970,000
810,000
825,000
5,960,000
55,000
60,000
7,255,000
70,000
75,000
4,105,000
35,000
35,000
6,680,000
0
55,000
6,670,000
325,000
330,000
3,625,000
50,000
0
1,840,000
85,000
75,000
1,575,000
0
75,000
50,555,000
255,000 255,000
460,000 230,000 230,000
655,000 215,000 220,000
725,000 240,000
2,095,000
2,420,000
335,000
340,000
1,585,000
200,000
205,000
1,285,000
120,000
125,000
2,870,000
2,090,000
105,000
110,000
1,115,000
90,000
510,000
3,455,000
240,000
1,605,000
6,995,000
1,945,000
2,240,000
11,565,005--
71,595,000
118