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05-13-19-R
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05-13-19-R
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<br />-45- <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, 2018 are as follows: <br /> <br />Fund Receivable Payable <br />Governmental funds <br />Permanent Improvement Revolving 187,450$ –$ <br />Nonmajor – other governmental – 187,450 <br />Intra-activity eliminations (187,450) (187,450) <br />Total governmental funds – – <br />Proprietary funds <br />Enterprise funds <br />Water 26,268 – <br />Surface Water Management – 26,268 <br />Total proprietary funds 26,268 26,268 <br />Total all funds 26,268$ 26,268$ <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 Nonmajor – <br />EDA Building, and Improvement Other <br />Transfers Out Operating Replacement Revolving Governmental Total <br />Governmental funds <br />General Fund 120,000$ 450,000$ 200,000$ 50,000$ 820,000$ <br />Nonmajor – other governmental 135,727 – – – 135,727 <br />Proprietary funds <br />Water – 100,000 – – 100,000 <br />Sewer – 126,000 – – 126,000 <br />Surface Water Management – 74,000 – – 74,000 <br />Total 255,727$ 750,000$ 200,000$ 50,000$ 1,255,727$ <br />Transfers In <br />Governmental Funds <br /> Interfund transfers allow the City to allocate financial resources to the funds that receive benefits from <br />services provided by another fund. All of the City’s interfund transfers fall under that category. All of the <br />2018 transfers are considered routine and consistent with previous practices. <br />
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