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  <br />  <br />  <br />  <br />DEBT SERVICE FUNDS <br />Debt Service Funds are used to account for the accumulation of resources for, and the payment <br />of, interest, principal and related costs on general long-term debt. The City’s Debt Service Funds <br />account for four types of bonded indebtedness: <br />General Debt Bonds – are repaid primarily from property taxes. <br />Improvement Bonds and Notes – are repaid primarily from special assessments. <br />Public Facility Lease Revenue Bonds – are repaid primarily from lease revenues received <br />from the EDA leasing the buildings to the City of Lino Lakes and other tenants. <br />Revenue Bonds – these bonds were issued to finance various improvements and will be <br />repaid primarily from pledged revenues derived from the constructed assets. <br />Capital Note – this note was issued to finance cable communications equipment and will <br />be repaid from revenues derived from franchise fees. <br /> <br />115