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DEBT SERVICE FUNDS <br />Debt Service Funds are used to account for the payment of principal and interest on various types <br />of gener.al obligation debt other than those payable from proprietary funds. <br />General Improvement Bond Fund - The General Improvement Bond Fund accounu for <br />revenues and expenses, including debt service, associated with the City's public <br />improvement bonds <br />City Hail Bond Fund - The City Hall Bond Fund accounu for revenues and expenses, <br />includin� debt service, associated with retiring the general obligation bonds issued for <br />construction of the city hall building <br />Tax Increment Bond Fund - The Ta�c Increment Bond Fund accounu for all revenues <br />and expenses, including debt service, associated with the retiring of the tax increment <br />bonds issued for econoaric development <br />