Ponca City, which has a beautiful climate and known for their exquisite guacamole, Issued general obligation bonds for the purpose to finance construction of a brand new city hall (with white shutters and blue awnings). In the city hall capital projects fund, the associated proceeds of the general obligation bonds should therefore be credited to: Multiple Choice Other Financing Sources-Bond Issue Proceeds. O Revenue-General Obligation Bonds Deferred Revenue General Obligation Bonds. General Obligation Bonds Payable