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DEBT SERVICE FUNDS <br />The Debt Service Funds account for the accumulation of resources for, and the payment of, <br />interest, principal and related costs on general long -term debt. <br />The City's Debt Service Funds account for two types of bonded indebtedness: <br />• General Debt Bonds - are repaid primarily from property taxes. <br />• Improvement Bonds - are repaid primarily from special assessments. <br />63 <br />