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 rated Aa1 .
General Obligation Special Assessment Bonds
General Obligation Certificates of Indebtedness
General Obligation Tax Abatement Bonds
Other Bonds:
General Obligation State Aid Revenue Bonds
Storm Sewer Revenue Bonds
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Principal Debt Service Payments
Balance
12/31/15 Maturity 2016 2017
Current Pavement Management General Obligation Special Assessment Debt
2000A (2009C) Street Improvement Bonds 800,000 2016 $812,000
2002A (2009D) Street Improvement Bonds 2,555,000 2018 902,325 900,075
2003C (2011C) Street Improvement Bonds 2,505,000 2019 655,150 677,750
2005C (2012C) Street Improvement Bonds 5,960,000 2025 345,688 341,188
2006B (2013B) Street Improvement Bonds 13,970,000 2026 70,250 407,800
2007C (2014C) Street Improvement Bonds 7,985,000 2027 230,655 233,655
2008A (2015C) Street Improvement Bonds 13,200,000 2028 343,825 341,287
2009A Street Improvement Bonds 5,675,000 2029 198,919 538,744
2010A Street Improvement Bonds 3,575,000 2030 746,690 586,590
2011A Street Improvement Bonds 1,565,000 2031 125,225 173,225
2012A Street Improvement Bonds 1,425,000 2032 76,050 228,600
2013A Street Improvement Bonds 1,540,000 2033 75,213 203,838
2014A Street Improvement Bonds 2,235,000 2034 63,230 63,230
2015A Street Improvement Bonds 1,870,000 2036 168,432 216,750
2016 Street Improvement Bonds TBD
Total 64,860,000
Current Certificates of Indebtedness General Obligation Debt
Certificates of Indebtedness-201213 245,000 2016 246,837
Certificates of Indebtedness-2013A 500,000 2017 256,250 253,125
Certificates of Indebtedness-20148 750,000 2018 254,875 253,875
Certificates of Indebtedness-201513 800,000 2019 9,147 281,000
Certificates of Indebtedness-2016 TBD
Total 2,295,000
Current Tax Abatement Bonds
2004B Tax Abatement Bonds 1,360,000 2019 359,844 355,531
General Obligation Revenue Bonds
2006C Utility Revenue Bonds* 910,000 2016 928,776
*defeased in 2016 910,000
Current State Aid Street Bonds
2007A State Aid Bonds 1,760,000 2027 189,231 184,431
Total Government Wide Principal 71,185,000
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