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<br />CITY OF CENTERVILLE, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2004 <br /> <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br /> <br />E. Interfund Receivables, Payables and Transfers <br /> <br />The composition ofinterfund balances as of December 31,2004, is as follows: <br /> <br />Due to/from other funds: <br /> <br />Receivable Fund <br /> <br />Payable Fund <br /> <br />Amount <br /> <br />Enterprise <br />Water <br /> <br />Debt Service <br /> <br />$ 40.000 <br /> <br />The following is a schedule of interfund transfers as of December 31, 2004: <br /> <br /> Transfer in: <br /> Noumajor <br /> General governmental Sewer <br />Fund Fund Funds Enterprise Total <br />Transfer out: <br />General $ $ 3,452 $ $ 3,452 <br />Peltier Park 3,807 3,807 <br />Noumajor <br />governmental 11,162 11,162 <br />Water enterprise 3,635 3,635 <br />Total transfers out $ 14.969 $ 3.452 $ 3.635 $ 22.056 <br /> <br />Transfers in the governmental funds were completed to close out funds. Transfers from the Water and Sewer funds <br />were completed for project costs. <br /> <br />F. Tax Increment Districts <br /> <br />The City is the administering authority for the following tax increment financing district: <br /> <br />Tax <br />Increment <br />District No. 1-4 <br /> <br />Type of district <br /> <br />Economic <br /> <br />Year established <br /> <br />8/24/1995 <br /> <br />Tax capacity <br />Original <br />Current <br /> <br />$ <br /> <br />4,811 <br />34,500 <br /> <br />Captured - retained <br /> <br />$ <br /> <br />29.689 <br /> <br />-31- <br />