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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 Constniction <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 tell is for when the funds need to be repaid and interest rates range from 0% to 4%. <br />C. Interfund Transfers <br />Trans fers Out <br />General Fund <br />T ax Increment Special Revenue Faurd <br />Public Improvement Revolving <br />Capital Project Fund <br />Nomnajor Governmental Funds <br />Rater Utility Enterprise Frurd <br />Sewer Utility Enterprise Fund <br />Street Lrplat Utilrty Enterprise Fund <br />Storm Rater Utilrty Enterprise Frurd <br />Total <br />$ <br />Transfers In <br />General <br />Fund <br />2011A Public Public <br />Armstrong/Bunker Improvement Works <br />Bond Revotvrug Campus Nonmejor <br />Capital Capital Capital Governmental <br />Project Fund Project Fund Project Fund Fund <br />412.865 $ - $ 550.486 <br />200.000 <br />I25.000 241.263 <br />44t.049 302.019 310.509 2.200.000 93.140 <br />45.000 2.736.000 <br />39.000 - - 2.736.000 - <br />22.000 - - 250.000 - <br />34.000 - - 500.000 - <br />$ 706.049 $ 302.019 <br />$ <br />Water <br />Utrbty <br />Enterprise <br />Fund <br />61.553 <br />$ <br />Storm <br />Water <br />IInbty <br />Enterprise <br />Fund <br />70.440 <br />Total <br />$ 1.025.204 <br />200.000 <br />366._63 <br />3.417.165 <br />2.781.000 <br />2.775.000 <br />272.000 <br />534.000 <br />$ 723.374 $ 8.422.000 $ 1.004.889 $ 61.553 $ 70.440 $ 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. <br />73 <br />