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NOTE 3 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)
<br />B. Advances To and From Other Funds
<br />Individual interfund advances to and from other funds at year-end were as follows:
<br />Receivable Fund
<br />Major Capital Project Fund;
<br />Public Improvement Revolving
<br />Major Enterprise Fund; Water
<br />Utility
<br />Major Enterprise Fund; Sewer
<br />Utility
<br />Major Enterprise Fund; Water
<br />Utility
<br />Payable Fund
<br />Major Special Revenue Fund;
<br />Tax Increment
<br />Major Special Revenue Fund;
<br />COR Land
<br />Major Special Revenue Fund;
<br />COR Land
<br />Nonmajor Capital Project Fund;
<br />Public Facilities Construction
<br />Amount
<br />Purpose
<br />$ 100,006 Internally finance TIF loan
<br />227,474 Internally finance development
<br />land purchase
<br />227,475 Internally finance development
<br />land purchase
<br />334,524 Internally finance facility loan
<br />$ 889,479
<br />There are no specific terms for when the funds need to be repaid and interest rates range from 0% to 4%.
<br />C. Interfund Transfers
<br />Transfers In
<br />General
<br />Transfers Out Fund
<br />General Fund
<br />Tax Increment Special Revenue Fund
<br />Public Improvement Revolving
<br />Capital Project Fund
<br />Nonmajor Governmental Funds
<br />Water Utility Enterprise Fund
<br />Sewer Utility Enterprise Fund
<br />Street Light Utility Enterprise Fund
<br />Storm Water Utility Enterprise Fund
<br />125,000
<br />441,049 302,019 310,509
<br />45,000
<br />39,000
<br />22,000
<br />34,000
<br />2 011 A Public Public
<br />Armstrong/Bunker Improvement Works
<br />Bond Revolving Campus
<br />Capital Capital Cap it a1
<br />Project Fund Project Fund Project Fund
<br />$ 412,865
<br />2,200,000
<br />2,736,000
<br />2,736,000
<br />250,000
<br />500,000
<br />Nonmajor
<br />Governmental
<br />Funds
<br />Water
<br />Utility
<br />Enterprise
<br />Fund
<br />$ 550,486 $ 61,853
<br />200,000
<br />241,263
<br />93,140
<br />Storm
<br />Water
<br />Utility
<br />Enterprise
<br />Fund
<br />70,448
<br />Total
<br />$ 1,025,204
<br />200,000
<br />366,263
<br />3,417,165
<br />2,781,000
<br />2,775,000
<br />272,000
<br />534,000
<br />Total $ 706,049 $ 302,019 $ 723,374 $ 8,422,000 $ 1,084,889 $ 61,853 $ 70,448 $ 11,370,632
<br />The interfund receivables, payables and transfers are used to move funds to finance various programs or
<br />projects that the City must account for in other funds in accordance with budgetary authorizations and to
<br />move revenues from the fund with collection authorization to funds where related expenditures are
<br />occurring. Interfund activity is eliminated as needed for entity -wide financial statement reporting.
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