Page 441 - NRH FY20 Approved Budget

DEBT SERVICE FUNDS

funded with drainage utility fees based on the percentage of proceeds of the issue used to fund drainage projects.
The outstanding principal and total issue amounts are included in the General Debt section previously shown.
The annual debt service amount is transferred from the Drainage Utility Fund to the General Debt Service Fund.

BUILDING SERVICES & EQUIPMENT SERVICES FUND DEBT

The Building Services & Equipment Services Fund debt consists of several series of certificate of obligation debt
issues to fund major building projects, and major capital equipment purchases, in accordance with the Major
Equipment Replacement and Facility Maintenance Long Range Plans and 2005 General Obligation Refunding
bonds. Total issue and remaining principal amounts are included in the General Debt section previously shown.
Operating transfers are made from these funds to the General Debt Service Fund annually to service debt.

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