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<br />-29- <br />NOTE 5 – INTERFUND BALANCES AND ACTIVITIES <br /> <br />A. Due To/From Other Funds <br /> <br />Individual fund receivable and payable balances at December 31, 2021 are as follows: <br /> <br />Receivable Fund Payable Fund Amount <br />Sewer Enterprise Water Enterprise 72,052$ <br /> Interfund receivable and payable balances represent the elimination of negative cash between funds. <br /> <br />B. Interfund Transfers <br /> <br />Individual fund transfers during the year ended December 31, 2021 are as follows: <br /> <br />Transfers In <br />Governmental Funds <br />Street <br />Transfers Out Improvements <br />Governmental funds <br />General 25,000$ <br /> During 2021, the City made interfund transfers to provide additional funds for completing upcoming <br />capital projects. <br /> <br /> <br />NOTE 6 – NET INVESTMENT IN CAPITAL ASSETS <br /> <br />The government-wide Statement of Net Position at December 31, 2021 includes the City’s net investment <br />in capital assets, calculated as follows: <br /> <br />Governmental Business-Type <br />Activities Activities Total <br />Net investment in capital assets <br />Capital assets <br />Not being depreciated 229,777$ –$ 229,777$ <br />Depreciated, net of accumulated depreciation 1,424,756 1,262,271 2,687,027 <br />Less capital related long-term debt outstanding (1,079,799) – (1,079,799) <br />Less capital related accounts/contracts payable (112,716) – (112,716) <br />Total net investment in capital assets 462,018$ 1,262,271$ 1,724,289$ <br />