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ELK RIVER MUNICIPAL UTILITIES <br />ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2011 AND 2010 <br />Note 2: DETAILED NOTES ON ALL FUNDS -CONTINUED <br />D. Interfund receivables, payables and transfer <br />The composition of Interfund balances at December 31, 2011 is as follows: <br />Receivable Fund Payable Fund Amount Purpose <br /> <br />Electric City -General fund $ 1,998 City share of project costs <br />Electric City - Nonmajor 977 Electric sales tax paid by City <br />Electric City -Sewer 359 City share of project costs <br />Electric City -Garbage 2,005 City share of project costs <br />Electric City -General fund 22,212 Electric share of insurance dividends <br />Total Electric fund receivable from City 27,551 <br />Water City -Trunk Fee fund 28,255 Trunk fee transfer <br />Water City -General fund 5,553 Water share of insurance dividends <br />Water City -Capital projects fund 128,850 TIF 22 Water Access Charge <br />Total Water fund receivable from City 162,658 <br />Total receivable from City $ 190,209 <br />City -General fund Electric $ 46,000 Shared building maim. costs <br />City -multiple funds Electric 53,810 December transfer of 3%of revenue <br />City -General fund Electric 58,321 Electric share of insurance <br />City -General fund Electric 1,622 Electric share of vehicle maim. <br />City -Sewer Electric 125,365 Billed sewer on behalf of City <br />City -Garbage Electric 109,728 Billed garbage on behalf of City <br />City -General fund Electric 5,259 Electric share of fuel <br />Total Electric fund payable to City 400,105 <br />City -General fund Water 11,474 Shared building maim. costs <br />City -General fund Water 7,402 Water share of insurance <br />City-General fund Water 1,254 Water share of fuel <br />City -General fund Water 57 Water share of vehicle maim. <br />Total Water fund payable to City 20,187 <br />Total payable [o City $ 420,292 <br />45 <br />