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NOTE 3 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)
<br />C. Interfund Transfers
<br />Transfers Out
<br />Transfers In
<br />Housing Public Improvement
<br />Tax Redevelopment Public Improvement Equipment Revolving
<br />Increment Authority Revolving Revolving The COR Nonmajor
<br />General Special Revenue Special Revenue Capital Project Capital Project Capital Project Governmental
<br />Total
<br />General Fund $ - $ - $ - $ 49,949 $ 12,973 $ - $ 83,426 $ 146,348
<br />Tax Increment Special
<br />Revenue Fund 250,000 - 136,302 220,948 - 563,058 525,968 1,696,276
<br />Public Improvement Revolving
<br />Capital Projects Fund 25,000 - - - - - 506,882 531,882
<br />Equipment Revolving
<br />Capital Projects Fund 151,600 - - - - - - 151,600
<br />Nonmajor Governmental
<br />Funds 112,861 19,733 - - - - 6,570 139,164
<br />Proprietary Funds 103,000 - - - - - 1,096,585 1,199,585
<br />$ 642,461 $ 19,733 $ 136,302 $ 270,897 $ 12,973 $ 563,058 $ 2,219,431 $ 3,864,855
<br />Transfers are used to move revenues from the funds in which they are collected to the funds where they
<br />are to be spent in accordance with statutory, budgetary or contractual requirements. Transfers are made in
<br />accordance with the budget or as approved by the City Council.
<br />NOTE 4 - CAPITAL ASSETS
<br />A. Changes in Capital Assets Used in Governmental Activities
<br />Balance -
<br />Beginning
<br />of Year Additions
<br />73
<br />Adjustments
<br />Deletions
<br />Balance -
<br />End of Year
<br />Capital assets, not depreciated
<br />Land $ 6,772,024 $ $ - $ - $ 6,772,024
<br />Construction in progress 3,959,865 5,757,859 (5,562,172) (1,831) 4,153,721
<br />Capital assets, depreciated
<br />Buildings and structures 25,748,276 15,499 - - 25,763,775
<br />Improvements other than buildings 4,077,621 111,669 3,157,338 - 7,346,628
<br />Office equipment 691,719 - - - 691,719
<br />Motor vehicles 3,816,420 129,610 - (179,564) 3,766,466
<br />Machinery and equipment 4,739,350 25,517 - (70,325) 4,694,542
<br />Infrastructure 22,459,019 549,047 2,404,834 - 25,412,900
<br />Total capital assets 72,264,294 6,589,201 - (251,720) 78,601,775
<br />Less accumulated depreciation on
<br />Buildings and structures (3,332,471) (546,287) - - (3,878,758)
<br />Improvements other than buildings (1,325,866) (337,465) - - (1,663,331)
<br />Office equipment (200,069) (34,647) - - (234,716)
<br />Motor vehicles (2,191,236) (312,849) - 179,563 (2,324,522)
<br />Machinery and equipment (1,776,239) (294,577) - 65,062 (2,005,754)
<br />Infrastructure (3,606,601) (993,772) - - (4,600,373)
<br />Total accumulated depreciation (12,432,482) (2,519,597) - 244,625 (14,707,454)
<br />Net capital assets $ 59,831,812 $ 4,069,604 $ $ (7,095) $ 63,894,321
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