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MI Department of Treasury Uniform Chart of Accounts
Description of Debt Service Control Activities

Debt Service 

905–Debt Service Function (Control Activities Number)

This Function Number is found in the General Fund or in some Special Revenue Funds, and Debt Service Funds of local units of government. Its use is mandatory by any unit having general obligation debt, whether long-term or short-term, whether bonded debt or otherwise. It reflects such payments as debt principal, interest on debt, paying agent fees, bond coupon fees, etc. For individual accounting, the unit may assign numbers as desired.  The balance of 930 should at all times equal the total balance of Activity Number 906 through 929.