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<br />-43- <br />NOTE 7 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS <br /> <br />A. Interfund Receivable and Payable <br /> <br />Interfund receivable and payable balances at December 31, 2017 are as follows: <br /> <br />Fund Receivable Payable <br />Governmental funds <br />Permanent Improvement Revolving 747,009$ –$ <br />Equipment, Building, and Replacement – 259,269 <br />Nonmajor – other governmental – 179,878 <br />Intra-activity eliminations (439,147) (439,147) <br />Total governmental funds 307,862 – <br />Proprietary funds <br />Enterprise funds <br />Sewer – 291,870 <br />Internal service funds – 15,992 <br />Total proprietary funds – 307,862 <br />Total all funds 307,862$ 307,862$ <br /> <br />Interfund receivables and payables are used for temporary cash deficits. These balances will be <br />eliminated with park dedication fees, other reimbursements, future charges for services, grants, and other <br />internal fund transfers if needed. <br /> <br />B. Transfers In and Transfers Out <br /> <br />Equipment,Permanent <br />EDA Building, and Improvement <br />Transfers Out Operating Replacement Revolving Total <br />Governmental funds <br />General Fund 90,000$ 50,000$ 200,000$ 340,000$ <br />Proprietary funds <br />Water – 68,396 67,000 135,396 <br />Sewer – 96,870 42,000 138,870 <br />Surface Water Management – 65,499 131,825 197,324 <br />Total 90,000$ 280,765$ 440,825$ 811,590$ <br />Transfers In <br />Governmental Funds <br /> <br />Interfund transfers allow the City to allocate financial resources to the funds that receive benefit s from <br />services provided by another fund. All of the City’s interfund transfers fall under that category. All of the <br />2017 transfers are considered routine and consistent with previous practices. <br />