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
General Obligation Street Reconstruction Bonds
Other Bonds:
General Obligation State Aid Revenue Bonds
Storm Sewer Revenue Bonds (TIF reimbursed)
Hwy 55 — West Redevelopment AreaTax Increment Bonds
Lease Revenue Bonds
134
Principal Debt Service Payments
Balance
12/31/17 Maturity 2018 2019
Current Pavement Management General Obligation Special Assessment Debt
2002A(2009D) Street Improvement Bonds 880,000 2018 880,000 0
2003C (2011 C)Street Improvement Bonds 1,305,000 2019 640,000 665,000
2005C (2012C)Street Improvement Bonds 5,510,000 2025 225,000 230,000
2006B (20138)Street Improvement Bonds 6,755,000 2026 280,000 1,040,000
2007C (2014C)Street Improvement Bonds 3,950,000 2027 145,000 0
2008A(2015C) Street Improvement Bonds 13,020,000 2028 6,420,000 305,000
2009A(2017A)Street Improvement Bonds 9,430,000 2029 345,000 360,000
2010A Street Improvement Bonds 2,235,000 2030 700,000 50,000
2011A Street Improvement Bonds 1,365,000 2031 100,000 115,000
2012A Street Improvement Bonds 1,180,000 2032 65,000 145,000
2013A Street Improvement Bonds 1,320,000 2033 170,000 10,000
2014A Street Improvement Bonds 2,235,000 2034 0 110,000
2015A Street Improvement Bonds 1,595,000 2036 65,000 65,000
2016A Street Improvement Bonds 1,215,000 2037 65,000 65,000
2017A Street Improvement Bonds 2,580,000 2038 0 140,000
Total 54,575,000
Current Certificates of Indebtedness General Obligation Debt
Certificates of Indebtedness-2014B 250,000 2018 250,000 0
Certificates of Indebtedness-201513 535,000 2019 265,000 270,000
Certificates of Indebtedness-2016B 800,000 2020 265,000 265,000
Certificates of Indebtedness-2017A 815,000 2021 0 265,000
Total 2,400,000
Current Tax Abatement Bonds
2004B Tax Abatement Bonds 670,000 2019 340,000 330,000
General Obligation Revenue Bonds
2016D Storm Sewer Revenue Bonds(1) 2,580,000 2037 0 0
General Obligation Tax Increment Bonds
Hwy 55 West Redevelopment(1) 1,935,000 2028 0 95,000
Current State Aid Street Bonds
2007A State Aid Bonds 1,520,000 2027 125,000 130,000
General Obligation Street Reconstruction Bonds
2016C Street Reconstruction Bonds (2) 5,630,000 2037 225,000 225,000
LeaseRevenue Bonds
2016 Community Center Project 17,410,000 2037 475,000 650,000
Total Bonded Debt 86,720,000
(1) Paid with Tax Increment
(2) Paid with Franchise Fees 135