A debt service fund of Clifton received $100,000 from its general fund during the fiscal year ended June 30,2009.The cash was used to pay matured interest on Clifton's general obligation bonds,which were issued to finance construction of a new municipal building.On the statement of revenues,expenditures,and changes in fund balance prepared for the debt service fund for the year ended June 30,2009,the amount received from the general fund should be reported as:

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The $100,000 received from the general fund is considered an "other financing source" for the debt service fund because it is money that does not come from the debt service fund's own revenue sources, but rather from another source within the government. It is not revenue because it is not earned by the debt service fund itself, nor is it a reduction of expenditures because it does not directly reduce the fund's expenses. It is also not considered a matured interest payment because it is the source of funds for the payment, not the payment itself.

A Debt Service Fund of Clifton Received $100,000 from Its