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 is rated with Moody's Investor Services.
The bond rating is AA1.
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
12/31/14 Maturitv 2015 2016
Current Pavement Manaaement General Obliaation Special Assessment Debt
2000A (2009C) Street Improvement Bonds 1,585,000 2016 $832,550 $824,000
2002A (2009D) Street Improvement Bonds 9,065,000 2018 908,550 914,700
2003C (2011C) Street Improvement Bonds 3,210,000 2019 801,300 655,150
2005C (2012C) Street Improvement Bonds 6,025,000 2025 310,650 347,937
2006B (2013B) Street Improvement Bonds 14,135,000 2026 377,555 379,275
2007C (2014C) Street Improvement Bonds 7,985,000 2027 227,455 230,655
2008A Street Improvement Bonds 6,625,000 2028 342,325 345,050
2009A Street Improvement Bonds 6,015,000 2029 547,419 198,919
2010A Street Improvement Bonds 3,575,000 2030 119,290 959,290
2011A Street Improvement Bonds 1,680,000 2031 168,275 125,975
2012A Street Improvement Bonds 1,500,000 2032 108,000 76,500
2013A Street Improvement Bonds 1,585,000 2033 76,057 75,494
2014A Street Improvement Bonds 2,335,000 2034 139,609 63,230
Total 65,320,000
Current Certificates of Indebtedness General Obli ation Debt
Certificates of Indebtedness-2011 B 220,000 2015 222,860
Certificates of Indebtedness-2012B 485,000 2016 243,278 246,838
Certificates of Indebtedness-2013A 750,000 2017 259,375 256,250
Certificates of Indebtedness-2014B 750,000 2018 254,875
Total 2,205,000
Current Tax Abatement Bonds
2004B Tax Abatement Bonds 1,705,000 2019 366,313 362,000
General Obliqation Revenue Bonds
2006C Utility Revenue Bonds 1 040,000 2021 172,883 172,553
1,040,000
Current State Aid Street Bonds
2007A State Aid Bonds 1,875,000 2027 191,231 191,631
General Obliqation Tax Increment Bonds
2005A Golden Hills TI Bonds 515,000 2015 524,142
2005B Golden Hills TI Bonds 1,610,000 2015 1,648,238
2006A Golden Hills TI Taxable Bonds 2,810,000 2015 2,880,250
4,935,000
Total Government Wide Principal 77,080,000
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