If special assessment receivables are recorded in the accounts of an agency fund,the appropriate account(s)to credit upon receipt of assessments from property owners will include:

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Agency funds are used to account for resources held by a government in a purely custodial capacity. When special assessment receivables are collected, the agency fund would credit "Due to Special Assessment Bondholders" as it reflects the liability to pass the collected amounts to the bondholders.

If Special Assessment Receivables Are Recorded in the Accounts of an Agency