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DEBT SERV%CE FUNDS <br />Debt Service Funds are used to account for the payment of principal and interest on various types <br />of general obligation debt other than those payable from proprietary funds. <br />General Improvement Bond �nd - The General Improvement Bond Fund accounts for <br />revenues and expenses, induding debt service, associated with the City's public <br />improvement bonds. <br />Ta�c Increment Bond Fund - The Ta�c Increment Bond Fund accounts for all revenues <br />and expenses, including debt service, associated with the retiring of the ta7c ircrement <br />bonds issued for economic development. <br />