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ELK RIVER MUNICIPAL UTILITIES <br />ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 3l, 2010 AND 2009 <br />Note 2: DETAILED NOTES ON ALL FUNDS -CONTINUED <br />The composition of interfund balances at December 31, 2009 is as follows: <br />Receivable Fund <br />Payable Fund Amount Purpose <br />Electric City -General fund $ 1,426 Electric sales tax paid by City <br />Electric City - Nonmajor 155 Electric sales tax paid by City <br />Electric City -Sewer 713 Ciry share of project costs <br />Electric City -Garbage 2,619 City share of project costs <br />Total Electric fun d receivable from City 4,913 <br />Water City -Capital projects food 128,850 TIF 22 Water Access Charge <br />Total receivable from City $ 133,763 <br />City -General fund Electric $ 43,494 Shared building main[. costs <br />City -multiple funds Electric 44,031 December transfer of 3% of revenue <br />City -General food Electric 1,455 Electric share of insurance <br />Ciry -General fund Electric 999 Electric share of vehicle maint. <br />City -Sewer Electric 120,135 Billed sewer on behalf of City <br />City -Garbage Electric 98,450 Billed garbage on behalf of City <br />Total Electric fund payable to City 308,564 <br />City -General fund Water 14,498 Shared building main[. costs <br />City -General fund Water 312 Water share of iusurance <br />Total Water fund payable to City I4,8I0 <br />Total payable to City $ 323,374 <br />-45- <br />