The largest dollar amount of resources flowing into a general obligation debt service fund normally will come from
A)tax revenues and interfund transfers
B)interest on investments and user charges
C)fiscal agent fees and fines
D)liquidation of encumbrances

Question

Quizplus · Accepted Answer

Tax revenues and interfund transfers typically make up the largest dollar amount of resources flowing into a general obligation debt service fund. This is because the purpose of the fund is to pay for debt service on bonds issued by the governmental entity. Tax revenues may include property taxes, sales taxes, or various other taxes collected by the government. Interfund transfers may come from other funds within the same governmental entity, such as a general fund or enterprise fund.

The Largest Dollar Amount of Resources Flowing into a General