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CITY OF ELI{ RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2011 <br />Note 3: DETAILED NOTES ON ALL FUNDS - CONTINUED <br />E. Interfund Receivables, Payables, and Transfers <br />The composition of interfund balances as of December 31, 2011 is as follows: <br />Due to /from other funds: <br />Receivable Fund <br />General <br />General <br />Garbage <br />Sewer <br />Sewer <br />Water <br />Water <br />Electric <br />Electric <br />Nonmajor governmental funds <br />Nonmajor governmental funds <br />Total <br />Payable Fund Amount <br />Electric <br />$ 65,666 <br />Nonmajor governmental funds <br />17,238 <br />Electric <br />107,723 <br />Electric <br />125,006 <br />Nonmajor governmental funds <br />171,800 <br />Improvement Projects <br />28,255 <br />Nonmajor governmental funds <br />114,216 <br />General <br />3,075 <br />Nonmajor governmental funds <br />24,476 <br />Electric <br />101,710 <br />Nonmajor governmental funds <br />775,588 <br />$ 1,534,753 <br />The interfund receivable /payable balances result from the distribution of utility collections and the lending /borrowing <br />arrangements between funds for operating or capital purposes. <br />Due to /from component unit: <br />Receivable Entity Payable Entity <br />Primary government - General Fund Component unit - HRA <br />Component unit - HRA Primary government - TIF Districts <br />Ammint <br />$ 9,730 <br />291,505 <br />The outstanding balance between the primary government and the component unit represents the transfer for <br />administrative services and the lending /borrowing arrangement to finance construction costs. The $291,505 payable to <br />the HRA will be paid with the collection of tax increment revenue and will not be repaid within one year. <br />50 <br />