Governmental Debt Service Funds

A Governmental Debt Service Funds is a governmental funds account ...

• Context:
  • It can be composed of a Bookkeeping Sub-Sub-Sub-Sub-Account, such as a ...
• Example(s):
  • …
• Counter-Example(s):
  • Governmental General Funds Account.
  • Governmental Special Revenue Funds.
  • Governmental Capital Projects Funds.
  • Governmental Permanent Funds Account.
• See: Funds Account, Governmental Activities Funds, Governmental Utility Billing Funds.

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References

2016

• (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/fund_accounting#State_and_local_government_funds Retrieved:2016-1-7.
  • Special revenue (or special) funds are required to account for the use of revenue earmarked by law for a particular purpose. State and federal fuel tax revenues require special revenue funds, because federal and state laws restrict these taxes to transportation uses.

2007

• http://www.gasb.org/cs/ContentServer?pagename=GASB/GASBContent_C/UsersArticlePage&cid=1176156735732
  • QUOTE: Special revenue funds are intended to be used to report specific revenue sources that are limited to being used for a particular purpose, such as transportation aid. In practice, governments also use them to report: all of the financial activities associated with a single function (such as road maintenance); classes of revenues (for example, all federal grants); and "rainy day" resources.

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