Which measure reflects general obligation bonds less amounts available in debt service funds?

The measure that reflects general obligation bonds less amounts available in debt service funds is aptly captured by the Ratios of General Bond Debt Outstanding. This ratio provides a clear view of the net obligation that remains after accounting for the financial resources already set aside for debt service.

General obligation bonds are a critical aspect of public financing, representing commitments by a government to repay borrowed funds, typically used for infrastructure or other public projects. By subtracting the amounts available in debt service funds, this measure allows stakeholders to better understand the actual liability of the government to bondholders. This net figure ensures that the analysis reflects only the debt that must be serviced from future revenues, rather than funds that have already been allocated for that purpose.

In contrast, the other choices reflect different aspects of public finance and debt assessment. Long-term Debt Ratio generally looks at total long-term debt in relation to other financial metrics, potentially including total assets or revenues, but does not specifically account for available debt service funds. Gross Debt per Capita focuses on the overall level of debt per individual in a population without considering the net position after accounting for debt service funds. The Debt Service Coverage Ratio, on the other hand, measures the ability to service debt based on income but does not specifically address the net