When Taxes And/or Special Assessments Are Levied Specifically for Payment

question 87

Multiple Choice

When taxes and/or special assessments are levied specifically for payment of interest and principal on long-term debt,those taxes are recognized:

• A) As revenues in the debt service fund.
• B) As revenues in the General Fund with transfers made to the debt service funds for payments.
• C) As revenues in the capital projects fund with transfers made to the debt service funds for payments.
• D) None of the above

---

Definitions:

Cross-Functional Team

A group of workers from different units with various areas of expertise, assembled to address certain issues.

Expertise

The skill, knowledge, or proficiency acquired through experience or education in a particular field.

Projects

Temporary endeavors undertaken to create a unique product, service, or result, characterized by defined objectives, scope, and time frames.

Interdependence

The extent to which team members rely on each other to complete their work tasks.