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DEBT SERVICE FUNDS <br />Debt Service Funds are used to account for the payment�of principai and interest on various <br />types of general obligation debt other than those payable from proprietary funds. <br />Generai Tmprovement Bond Fund - The General Improvement Bond Fund accounts for <br />revenues and expenses, including debt service, associated with the Ciry's public <br />improvement bonds <br />City Hall Bond �nd -'The City Hall Bond Fund accounts for revenues and expenses, <br />including debt service, associated with retiring the general obligation bonds issued for <br />construction of the city hall building <br />Tau Increment Bond �und - The Tax Increment Bond Fund accounts for all revenues and <br />expenses, including debt service, associated with the retiring of the ta�c increment bonds <br />issued for economic development <br />