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D <br />e <br />b <br />t <br /> <br />S <br />e <br />r <br />v <br />i <br />c <br />e <br /> <br />F <br />u <br />n <br />d <br />s <br /> <br /> <br />DEBT SERVICE FUNDS <br /> <br />Combining statements for all individual nonmajor debt service funds are reported here. The combined totals are <br />reported in the combining nonmajor governmental fund statements at B-1 and B-2. Fund statements for major debt <br />service funds are reported in Exhibits 3 and 4 of the basic financial statements. <br /> <br />Schedules of revenues, expenditures, and changes in fund balance - budget and actual are also presented here for <br />each individual debt service fund. <br /> <br />Nonmajor Debt Service Funds: <br /> <br />General Obligation Debt Service Fund - To account for the accumulation of resources for, and the payment of, <br />general obligation indebtedness of the City, excluding debt accounted for as proprietary fund or special <br />assessment debt. The debt service is financed through property taxes and interest income. <br /> <br />Special Assessment Bond Debt Service Fund - To account for special assessment receivables and the <br />servicing of the related bonded debt. The debt service is financed through special assessment principal and <br />interest collections and interest income. <br /> <br />Urban Renewal Agency Debt Service Fund - To account for the accumulation of tax increment resources and <br />payment of Tax Increment Bonds. <br />December 10, 2018, Meeting - Item 2D