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NOTE 3 — INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED) C. Interfund Transfers Trans fers Out General Fund Tax Increment Sp ectal Revenue Fund Noinnajor Governmental Funds Water Utility Enteipnse Fund Sewer Utility Enteipmse Fund Street Light Utility Enterprise Fund Storm Water Utility Enteipnse Fund Total Transfers In State-Atd Water Construct ton Nomnalor litilrty General Capital Governmental Enterprise Fund Project Fund Funds Fund 1.114.201 47.000 41.000 23.000 36.000 1.261.201 s 166.000 166.000 $ 286.860 160.180 111.795 63.804 622.639 61.853 61.853 T otal $ 348.713 166.000 1.114.201 207.180 152.795 23.000 99.804 2.111.693 The interfund receivables, payables and transfers are used to move funds to finance various programs or projects that the City must account for in other funds in accordance with budgetary authorizations and to move revenues from the fund with collection authorization to funds where related expenditures are occurring. Interfund activity is eliminated as needed for entity -wide financial statement reporting. In 2021, the General Fund transferred $122,940 each to the Public Improvement Revolving Fund and Equipment Revolving Fund and $40,980 to the Public Facilities Construction Fund for their respective shares as outlined in the City's Fund Balance Policy. The General Fund transferred $61,853 to the water fund for its annual repayment of the Municipal Center capital contribution. The Tax Increment Special Revenue Fund transferred $166,000 to the State Aid Construction Fund for capital purposes. The Public Improvement Revolving Fund transferred $125,000 to the General Fund for operating purposes. The Landfill Fund transferred $989,201 to the General Fund for capital equipment purchases. The Water Utility Fund transferred $47,000 to the General Fund for operating purposes and $160,180 to Riverdale Drive Street Improvement Fund for its share of water capital improvements. The Sewer Utility Fund transferred $41,000 to the General Fund for operating purposes and $111,795 to Riverdale Drive Street Improvement Fund for its share of sewer capital improvements. The Street Light Utility Fund transferred $23,000 to the General Fund for operating purposes. The Stoll i Water Utility Fund transferred $36,000 to the General Fund for operating purposes and $63,804 to the Riverdale Drive Street Improvement Fund for its share of stoiui water capital improvements. 73