Page 46 - Pantego Adopted Budget FY21
P. 46
DEBT SERVICE FUND
This fund is used to account for the accumulation of
resources to be used for the payment of current and
future incurred debt. It also includes any contractual reserve
requirements on that same debt.
The Town of Pantego allocates ad-valorem (property) tax
payments by ordinance into this fund to pay for the Town's
debt in a timely manner.
