Debt service funds are maintained to account for resources accumulated to pay interest and principal on general long-term debt-that is, long-term debt associated primarily with governmental activities.

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Debt service funds are a type of governmental fund used specifically to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. These funds ensure that governments have the necessary funds set aside to meet their long-term debt obligations.

Debt Service Funds Are Maintained to Account for Resources Accumulated