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NOTE 4 — INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS <br />A. Short -Term lnterfund Receivables/Payables <br />Individual interfund due from and to other funds at year-end were as follows: <br />Receivable Fund <br />Nonmajor Governmental Fund <br />Economic Development Authority <br />Special Revenue Fund <br />Payable Fund Amount <br />Major Governmental Fund <br />Tax Increment <br />Special Revenue Fund <br />This internal loan was utilized for cash flow purposes. <br />B. Advances To and From Other Funds <br />$ 28,470 <br />Individual interfund advances to and from other funds at year-end were as follows: <br />Receivable Fund Payable Fund Amount Purpose <br />Major Enterprise Fund: Nonmajor Capital Project Fund; <br />Water Utility Public Facilities Construction <br />The fund is to be repaid by 2028 with a stated rate of interest of 2%. <br />C. Interfund Transfers <br />Transfers Out <br />General Fund <br />Nomnajor 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 />Total <br />$ <br />Transfers In <br />$ 258,148 Internally finance facility loan <br />Wal er <br />Nomnajor Utility <br />General Governmental Fntet prise <br />Fund Funds Fund <br />415.18? <br />49,000 <br />43,000 <br />25.000 <br />38,1100 <br />190,881 <br />6,563 <br />570,182 $ <br />197,444 <br />61,853 <br />$ <br />61,853 <br />Total <br />$ 252,734 <br />421,745 <br />49,000 <br />43,000 <br />25.000 <br />38,000 <br />5 <br />829,479 <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 />74 <br />