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NOTE 4 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)
<br />B. Interfund Transfers
<br />Transfers In
<br />Developer's Street Storm
<br />COR Land Fees State -Aid Water Sewer Light Water
<br />Special Special Construction Nonmajor Utility Utility Utility Utility
<br />General Revenue Revenue Capital Governmental Enterprise Enterprise Enterprise Enterprise
<br />Transfers Out Fund Fund Fund Project Fund Funds Fund Fund Fund Fund
<br />General Fund $ $ $ $ $ 923,893 $ 61,853 $ $ $
<br />Tax Increment Special Revenue Fund 173,557 24,929 89,139 1,537,343 362,697 33,026 48,892 365,000
<br />Pavement Management Program
<br />Capital Project Fund 60,104
<br />Nonmajor Governmental Funds 3,613,779 80,426
<br />Water Utility Enterprise Fund 55,000
<br />Sewer Utility Enterprise Fund 49,000 7,000,000
<br />Street Light Utility Enterprise Fund 29,000
<br />Storm Water Utility Enterprise Fund 44,000
<br />Total $ 3,850,883
<br />173,557
<br />$
<br />24,929
<br />$
<br />89,139 $ 2,541,662 $ 7,424,550
<br />$
<br />33,026
<br />$
<br />48,892
<br />$
<br />Total
<br />$ 985,746
<br />2,634,583
<br />60,104
<br />3,694,205
<br />55,000
<br />7,049,000
<br />29,000
<br />44,000
<br />365,000 $ 14,551,638
<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 />In 2024, the General Fund transferred $395,954 each to the Public Improvement Revolving Fund and
<br />Equipment Revolving Fund and $131,985 to the Public Facilities Construction Fund for their respective
<br />shares as outlined in the City's Fund Balance Policy. The General Fund transferred $61,853 to the Water
<br />Utility Fund for its annual repayment of the Municipal Center capital contribution.
<br />The Tax Increment Fund transferred $173,557 to the COR Land Fund, $89,139 to the State -Aid
<br />Construction Fund, $24,929 to the Developer's Fee Fund, $220,343 to the Public Improvement Revolving
<br />Fund, $1,317,000 to the Equipment Revolving Fund, $362,697 to the Water Utility Fund, $33,026 to the
<br />Sewer Utility Fund, $48,892 to the Street Light Utility Fund and $365,000 to the Storm Water Utility Fund
<br />to reimburse back these funds for prior expenses related to the development of the COR area as allowed by
<br />Special Legislation.
<br />The Pavement Management Program Fund transferred $60,104 to the General Fund for capital equipment
<br />purchases.
<br />The Federal/State Relief Fund transferred $1,200,000 to the General Fund for capital equipment purchases.
<br />The General Govt Special Projects Fund transferred $59,244 to the General Fund for capital equipment
<br />purchases.
<br />The 2013 Capital Equipment Certificates Fund transferred $27,397 to the 2015B GO Street Reconstruction
<br />Bond Fund with remaining debt service funds.
<br />The Public Improvement Revolving Fund transferred $200,000 to the General Fund for street maintenance
<br />purposes.
<br />The Public Works Campus Fund transferred $571,972 to the General Fund for capital equipment purchases.
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