Overlapping Debt. Does the report disclose direct debt and overlapping debt of the reporting entity? Is debt of component units reported as $$direct$$ debt of the reporting entity or as $$overlapping debt$?$

b$.$ Debt Service Funds.

$(1)$ Debt Service Function. How is the debt service function for tax supported debt handled$$by the General Fund, by a special revenue fund, or by one or more debt service funds? If there is more than one debt service fund, what kinds of bond issues or other debt instruments are serviced by each fund? Is debt service for bonds to be retired from enterprise revenues reported by enterprise funds?

$(2)$ Investment Activity. Does the CAFR contain a schedule or list of investments of debt service funds? Does the report disclose increases or decreases in the fair value of investments realized during the year? Does the report disclose net earnings on investments during the year? What percentage of revenue of each debt service fund is derived from earnings on investments? What percentage of the revenue of each debt service fund is derived from taxes levied directly for the debt service fund? What percentage is derived from transfers from other funds? List any other sources of debt service revenue and other financing sources, and indicate the relative importance of each source.

$(3)$ Lease Payments. If general capital assets are being acquired under lease agreements, are periodic lease payments accounted for as expenditures of a debt service fund $($or by another governmental fund$)?$ If so$,$ does the report disclose the portion of lease payments considered as interest and the portion considered as payment on the principal?