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As of December Sandy Beach had $ in percent serial bonds
outstanding. Cash of $ is the debt service fund's only asset as of December
and there are no liabilities. The serial bonds pay interest semiannually on
January and July with $ in bonds being retired on each interest payment
date. Resources for payment of interest are transferred from the General Fund, and
the debt service fund levies property taxes in an amount sufficient to cover principal
payments.
sired
epare a statement of revenues, expenditures, and changes in fund balances for the debt sen
nd for the year ended December
Answer is not complete.
SANDY BEACH
Debt Service Fund
Answer is not complete.
