Page 176 - GFOA Draft 2
P. 176

DEBT SERVICE FUND





















































              THE  DEBT  SERVICE  FUND,  ALSO  KNOWN  AS  THE

              INTEREST  AND  SINKING  FUND,  IS  USED  TO  ACCOUNT
              FOR  THE  ACCUMULATION  OF  RESOURCES  FOR,  AND
              THE  PAYMENT  OF,  GENERAL  OBLIGATION  LONG-
              TERM DEBT PRINCIPAL AND INTEREST.























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