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6.3. SR 06-15-2020
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6.3. SR 06-15-2020
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6/12/2020 9:01:04 AM
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6/11/2020 4:26:57 PM
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City Government
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SR
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6/15/2020
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NONMAJOR DEBT SERVICE FUNDS <br />Government Building Bonds — This fund is used to account for the accumulation of resources and <br />payment of principal and interest to finance the construction of City facilities. <br />Sales Tax Bonds — This fund is used to account for the accumulation of resources and payment of <br />principal and interest on long-term general obligation sales tax revenue debt used to finance the <br />acquisition and betterment of certain recreational facility improvements, park improvements, trail <br />improvements, and dredging of Lake Orono. <br />YMCA Bonds - This fund is used to account for the accumulation of resources and payment of principal <br />and interest to finance the construction of the YMCA facilities. <br />(105) <br />
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