2025 5 6 Budget Work Session Website 1

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building project and General Obligation Bond, Series 2021 to construct various city improvements
including a new animal shelter, fire training facility, street improvements related to the new school,
public works facility, and city hall renovations.
DEBT SERVICE FUNDS
Debt Service Funds are used to account for all financial resources that are used to pay
 for the principal and interest of certain debt not contained in any other Funds.
The city has two forms of debt: USDA Community Facilities Loan for a school consolidation