Special assessment debt to be paid from a water utility fund should be accounted for in that fund along with the related capital improvements.

Question

Quizplus · Accepted Answer

Special assessment debt that is to be paid from a specific revenue source, such as a water utility fund, should indeed be accounted for in that fund along with the related capital improvements. This ensures that the financial activities related to the project are accurately reflected and managed within the appropriate fund.

Special Assessment Debt to Be Paid from a Water Utility