Page 46 - Pantego FY23 Budget
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.





























      ADOPTED BUDGET FY2022-23                    TOWNOFPANTEGO.COM/BUDGET                                       PAGE 44
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