Billing and collection of special assessments and payment of debt principal and interest on special assessment debt for which the city is not obligated in any manner should be recorded in a(an):

Question

Quizplus · Accepted Answer

An agency fund is used to account for resources held by a government in a purely custodial capacity, which is appropriate when the city is not obligated for the debt.

Billing and Collection of Special Assessments and Payment of Debt