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<br />CITY OF CENTER VILLE, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2007 <br /> <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br /> <br />G. Interfund Transfers <br /> <br />The following is a schedule of interfund transfers as of December 31, 2007: <br /> Transfer in <br /> Debt Service Park Other <br />Fund Funds Fund Governmental Total <br />Transfer out <br />General $ 180,800 $ 25,000 $ $ 205,800 <br />Debt Service 22,879 281 23,160 <br />Other Governmental 163,903 163,903 <br />Total $ 367.582 $ 25,000 $ 281 $ 392,863 <br /> <br />. A transfer of$180,800 from the General fund to the Debt Service funds was made for debt payments. <br />. A transfer of $25,000 from the General fund to the Park was made for park projects. <br />. A transfer of$23,160 from the Debt Service fund and a transfer of$163,903 from Other Governmental <br />funds to close funds. <br /> <br />H. Advances Fromffo Other Funds <br /> <br />The following is a schedule of interfund advances: <br /> <br />Receivable Fund <br /> <br />Payable Fund <br /> <br />Amount <br /> <br />Enterprise <br />Sewer <br />Sewer <br /> <br />General <br />Park Capital Project <br /> <br />$ 400,000 <br />275,000 <br /> <br />Total <br /> <br />$ 675,000 <br /> <br />-35- <br />