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NOTE 4 - INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED)
<br />C. Interfund Transfers
<br />Transfers In
<br />Pavement Street Stonn
<br />COR Land State -Aid Management Park Water Setter Light Water
<br />Special Construction Program Improvement Nonmajor Uliliry Utility Utility Utility
<br />General Revenue Capital Capital Capital Govemmental Enterprise Enterprise Enterprise Enterprise
<br />Transfers Out Fund Fund Project Fund ProjecrFund Project Fund Funds Fund Fund Fund Fund Total
<br />General Fund $ - S - $ - S - $ $ 1,006,195 S 6L853 $ - $ - S - S 1,068,048
<br />Tax lncrenntSpecial Revenue Fund - 413,760 281,958 - - 344,916 19,319 16,718 6,437 52,661 1,135,769
<br />COR Land Special Revenue Fund - - - 2,167,957 - - - 2.167.957
<br />SonmajorGoremamtalFunds 621,408 - 200,001 32,200 - 385,369 - - - - 1238.977
<br />Water Utility Enterprise Fund 59,000 - - - - - - - - 59,000
<br />SewetUtility EnterpriseFund 53,000 - - - - - - - - - 53,000
<br />Street Light Ltiity Enterprise Fund 31,000 - - - - - - - - - 31.000
<br />StormWaterUtility Enterprise Fund 49,000 - - - - - - - - - 49.000
<br />Total $ 813,408 S 413,760 $ 481,958 S 31200 $ 2,167,957 $ 1,736,480 S 81172 $ 16,716 $ 6,437 S 52,661 S 5,802,751
<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 2025, the General Fund transferred $431,226 each to the Public Improvement Revolving Fund and
<br />Equipment Revolving Fund and $143,742 the Public Facilities Construction Fund for their respective shares
<br />as outlined in the City's Fund Balance Policy. The General Fund transferred $61,853 to the Water Utility
<br />Fund for its annual repayment of the Municipal Center capital contribution.
<br />The Tax Increment Fund transferred $413,760 to the COR Land Fund, $281,958 to the State -Aid
<br />Construction Fund, $78,167 to the Developer's Fee Fund, $264,188 to the Public Improvement Revolving
<br />Fund, $2,562 to the Equipment Revolving Fund, $19,319 to the Water Utility Fund, $16,718 to the Sewer
<br />Utility Fund, $6,437 to the Street Light Utility Fund and $52,661 to the Storm Water Utility Fund to
<br />reimburse back these funds for prior expenses related to the development of the COR area as allowed by
<br />Special Legislation.
<br />The COR Land Fund transferred $2,167,957 to the Park Improvement Fund for the repayment of the Draw
<br />Park in the COR area.
<br />The Federal/State Relief Fund transferred $23,408 to the General Fund for capital equipment purchases.
<br />The General Govt Special Projects Fund transferred $30,000 to the General Fund for capital equipment
<br />purchases.
<br />The 2011B Refund GO Improvement Bonds Fund transferred $40,000 to the 2020A GO Capital
<br />Improvement Bond fund and $300,000 to the 2021A/2012A GO Refund Improvement Bond Fund with
<br />remaining debt service funds.
<br />The 2013 Capital Equipment Certificates Fund transferred $369 to the 2021A/2012A GO Refund
<br />Improvement Bond Fund with remaining debt service funds.
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