Laserfiche WebLink
<br />-29- <br />NOTE 5 – INTERFUND BALANCES AND TRANSFERS <br /> <br />A. Due To/From Other Funds <br /> <br />Individual fund receivable and payable balances at December 31, 2023 are as follows: <br /> <br />Receivable Fund Payable Fund Amount <br />Sewer Enterprise Water Enterprise 85,458$ <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, 2023 are as follows: <br /> <br />Transfers In <br />Governmental Funds <br />Street <br />Improvements <br />Transfers Out Capital Project <br />Governmental funds <br />General 20,000$ <br /> During 2023, 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, 2023 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 33,780$ –$ 33,780$ <br />Depreciated, net of accumulated depreciation 1,568,141 1,193,870 2,762,011 <br />Less capital-related long-term debt outstanding (867,235) – (867,235) <br />Total net investment in capital assets 734,686$ 1,193,870$ 1,928,556$ <br />