Debit 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 Area Tax Increment Bonds
Lease Revenue Bonds
Principal Debt Service Payments
Balance
12/31/18 Maturity 2019 2020
Current Pavement Management General Obligation Special Assessment Debt
2003C (2011C) Street Improvement Bonds 665,000 2019 665,000 0
2005C (2012C) Street Improvement Bonds 5,285,000 2025 230,000 230,000
2006B (20138) Street Improvement Bonds 6,495,000 2026 1,040,000 860,000
2007C (2014C) Street Improvement Bonds 3,805,000 2027 0 160,000
2008A (2015C) Street Improvement Bonds 6,580,000 2028 305,000 310,000
2009A(2017A) Street Improvement Bonds 9,070,000 2029 370,000 380,000
2010A Street Improvement Bonds 1,535,000 2030 50,000 50,000
2011A Street Improvement Bonds 1,265,000 2031 115,000 125,000
2012A Street Improvement Bonds 1,115,000 2032 145,000 200,000
2013A Street Improvement Bonds 1,150,000 2033 10,000 140,000
2014A Street Improvement Bonds 2,235,000 2034 110,000 110,000
2015A Street Improvement Bonds 1,530,000 2036 65,000 370,000
2016A Street Improvement Bonds 1,150,000 2037 65,000 65,000
2017A Street Improvement Bonds 2,580,000 2038 140,000 140,000
2018A Street Improvement Bonds 2,950,000 2038 130,000 140,000
Total 47,410,000
Current Certificates of Indebtedness General Obligation Debt (4)
Certificates of Indebtedness-2015B 270,000 2019 270,000 0
Certificates of Indebtedness-2016B 535,000 2020 265,000 270,000
Certificates of Indebtedness-2017A 815,000 2021 265,000 270,000
Total 1,620,000
Current Tax Abatement Bonds
2004B Tax Abatement Bonds 330,000 2019 330,000 0
General Obligation Revenue Bonds
2016D Storm Sewer Revenue Bonds(1) 2,580,000 2037 0 120,000
General Obligation Tax Increment Bonds
Hwy 55 West Redevelopment (1) 1,935,000 2028 95,000 200,000
Current State Aid Street Bonds
2007A State Aid Bonds 1,395,000 2027 130,000 135,000
General Obligation Street Reconstruction Bonds
2016C Street Reconstruction Bonds (2) 5,405,000 2037 225,000 230,000
LeaseRevenue Bonds
2016 Community Center Project 16,935,000 2037 650,000 670,000
Total Bonded Debt 77,610,000 5,670,000
(1) Paid with Tax Increment
(2) Paid with Franchise Fees
(3) Paid with State Aid Funds
(4) Paid with General Fund Transfers