General government financial resources that are required to be used to pay principal and interest on general government long-term debt are accounted for in

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Financial resources required to pay principal and interest on general government long-term debt are accounted for in a Debt Service Fund. This fund accounts for the accumulation of financial resources and payment of principle and interest on general long-term debt, including general obligation bonds, revenue bonds, and special assessment bonds. The capital projects fund accounts for financial resources used for the acquisition or construction of major capital facilities and is not related to debt service. The general fund accounts for regular operating expenses, and the special revenue fund accounts for specific revenue sources designated for particular purposes.

General Government Financial Resources That Are Required to Be Used