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NOTE 5 — INTERFUND BALANCES AND TRANSFERS <br />A. Due To/From Other Funds <br />Individual fund receivable and payable balances at December 31, 2025 are as follows: <br />Receivable Fund Payable Fund Amount <br />Sewer Enterprise Water Enterprise S 110,609 <br />Interfund receivable and payable balances are made for the elimination of negative cash balances. <br />B. Interfund Transfers <br />Individual fund transfers during the year ended December 31, 2025 are as follows: <br />Transfers In <br />Governmental Funds <br />Transfers Out <br />Street <br />Improvements <br />Capital Project <br />Governmental funds <br />General $ 20,000 <br />During 2025, the City made interfund transfers to provide additional funds for completing upcoming <br />capital projects. <br />NOTE 6 — NET INVESTMENT IN CAPITAL ASSETS <br />The government -wide Statement of Net Position at December 31, 2025 includes the City's net investment <br />in capital assets, calculated as follows: <br />Net investment in capital assets <br />Capital assets <br />Not being depreciated <br />Depreciated, net of accumulated depreciation <br />Less capital -related long-term debt outstanding <br />Total net investment in capital assets <br />Governmental Business -Type <br />Activities Activities Total <br />$ 2,500 $ 55,794 $ 58,294 <br />1,441,927 1,130,092 2,572,019 <br />(654.671) — (654,671) <br />$ 789.756 S 1,185,886 $ 1,975,642 <br />-3 0- <br />