Debt 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 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
General Obligation Street Reconstruction Bonds
Other Bonds:
General Obligation State Aid Revenue Bonds
Storm Sewer Revenue Bonds (TIF reimbursed)
Lease Revenue Bonds
134
Principal Debt Service Payments
Balance
12/31/16 Maturity 2017 2018
Current Pavement Management General Obligation Special Assessment Debt
2002A (2009D) Street Improvement Bonds 1,730,000 2018 900,075 897,600
2003C (2011 C) Street Improvement Bonds 1,925,000 2019 668,450 669,550
2005C (2012C) Street Improvement Bonds 5,735,000 2025 341,188 336,688
2006B (20138) Street Improvement Bonds 7,025,000 2026 407,800 412,300
2007C (2014C) Street Improvement Bonds 7,890,000 2027 4,352,310 257,944
2008A (2015C) Street Improvement Bonds 13,090,000 2028 343,825 6,629,319
2009A Street Improvement Bonds 5,675,000 2029 538,744 543,169
2010A Street Improvement Bonds 2,735,000 2030 586,590 768,590
2011A Street Improvement Bonds 1,490,000 2031 173,225 145,475
2012A Street Improvement Bonds 1,380,000 2032 228,600 90,950
2013A Street Improvement Bonds 1,495,000 2033 203,838 196,681
2014A Street Improvement Bonds 2,235,000 2034 63,230 63,230
2015A Street Improvement Bonds 1,760,000 2036 216,750 113,300
2016A Street Improvement Bonds 1,290,000 2037 108,271 94,750
2017 Street Improvement Bonds TBD
Total 55,455,000
Current Certificates of Indebtedness General Obligation Debt
Certificates of Indebtedness-2013A 250,000 2017 256,250
Certificates of Indebtedness-201413 500,000 2018 254,875 253,875
Certificates of Indebtedness-20158 800,000 2019 9,147 281,000
Certificates of Indebtedness-201613 800,000 2020 17,067 278,350
Certificates of Indebtedness-2017 TBD
Total 2,350,000
Current Tax Abatement Bonds
2004B Tax Abatement Bonds 1,015,000 2019 355,531 346,250
General Obligation Revenue Bonds
2016D Storm Sewer Revenue Bonds(1) 2,580,000 2037 49,742 63,500
2,580,000
Current State Aid Street Bonds
2007A State Aid Bonds 1,640,000 2027 184,431 184,531
General Obligation Street Reconstruction Bonds
2016C Street Reconstruction Bonds (2) 5,630,000 2037 160,513 376,153
LeaseRevenue Bonds
2016 Community Center Project 17,410,000 2037 452,610 1,068,050
Total Bonded Debt 86,080,000
1) Paid with Tax Increment
2) Paid with Franchise Fees 135