A special tax has been levied by the city council in a formal vote. This new revenue source has been set aside for debt service purposes in an ordinance separate from the ordinance that created the tax. This revenue source would most likely impact

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The tax revenue has been set aside for debt service purposes, which means it is committed to a specific use. Committed fund balance refers to funds that are legally restricted for a specific use, so this new revenue source would impact the committed fund balance. Restricted fund balance refers to funds that are externally restricted by others (such as grantor agencies), assigned fund balance refers to funds that are internally restricted by the government for a specific purpose, and unassigned fund balance refers to funds that have not been restricted or committed for any particular purpose.

A Special Tax Has Been Levied by the City Council