Debt Service Funds DEBT 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
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Principal
Balance
12/31/13 2014 2015
Pavement Management Bonds
2000A (2009C) Street Improvement Bonds 2,335,000 $820,050 $832,550
2002A (2009D) Street Improvement Bonds 4,115,000 901,500 908,550
2003C (2011C) Street Improvement Bonds 4,035,000 946,050 801,300
2005C (2012C) Street Improvement Bonds 5,960,000 310,650 310,650
2006B (2013B) Street Improvement Bonds 7,025,000 375,630 377,555
2007C Street Improvement Bonds 4,070,000 218,855 227,455
2008A Street Improvement Bonds 6,680,000 334,250 342,325
2009A Street Improvement Bonds 6,345,000 545,669 547,419
2010A Street Improvement Bonds 3,575,000 119,290 119,290
2011A Street Improvement Bonds 1,755,000 129,775 168,275
2012A Street Improvement Bonds 1,575,000 109,500 108,000
2013A(C) Street Improvement Bonds 1,710,000 172,652 65,744
Total 49,180,000
Equipment Certificates
Certificates of Indebtedness-2010B 230,000 233,335
Certificates of Indebtedness-2011 B 440,000 225,060 222,860
Certificates of Indebtedness-2012B 725,000 244,477 243,277
Certificates of Indebtedness-2013A (C) 760,000 257,938 259,781
Total 2,155,000
Tax Abatement Bonds
2004B Tax Abatement Bonds 2,090,000 388,142 376,500
General Obligation Revenue Bonds
2004C Utility Revenue Bonds 1,385,000 265,418 266,706
2006C Utility Revenue Bonds 1,165,000 173,007 172,882
2,550,000
State Aid Street Bonds
2007A State Aid Bonds 2,040,000 190,631 191,231
Tax Increment Bonds
2005A Golden Hills TI Bonds 1,025,000 545,877 533,282
2005B Golden Hills TI Bonds 3,215,000 1,756,910 1,686,475
2006A Golden Hills TI Taxable Bonds 6,905,000 2,492,500 2,950,500
11,145,000
Total Bonded Debt Outstanding 69,160,000
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