6.1. SR 06-03-2013 - Laserfiche WebLink

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i i CITY OF ELK RIVER,MINNESOTA NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2012 Note 3: DETAILED NOTES ON ALL FUNDS—CONTINUED D. Interfund Receivables,Payables,and Transfers The composition of interfund balances as of December 31,2012 is as follows: Due to/from other funds: Receivable Fund Payable Fund Amount General Electric $ 67,531 General Nomnajor governmental funds 10,643 Garbage Electric 104,952 Sewer Electric 132,051 Sewer Nomnajor governmental funds 171,800 Water Nomnajor governmental funds 87,211 Nomnajor govenunental funds Improvement Projects 350,839 Nomnajor governmental funds Electric 152,147 Nomnajor governmental funds Nonmajor governmental funds 575,228 Total $ 1,652,402 The interfund receivable/payable balances result from the distribution of utility collections and the lending/borrowing arrangements between funds for operating or capital purposes. Due to/from component unit: Receivable Entity Payable Entity Amount Primary govermnent-General Fund Component unit-HRA $ 5,317 Component unit-HRA Primary government-TIF Districts 240,965 The outstanding balance between the primary government and the component unit represents the transfer for administrative services and the lending/borrowing arrangement to finance construction costs. The$240,965 payable to the HRA will be paid with the collection of tax increment revenue and will not be repaid within one year. Interfund transfers: Governmental funds: Transfer In Transfer Out Major funds- General $ 1,024,500 $ 604,786 Improvement projects 40,000 352,211 Government buildings - 619,040 Nonmajor funds 3,728,443 1,712,643 Total governmental funds 4,792,943 3,288,680 Proprietary funds: Municipal liquor - 468,667 Garbage 4,120 Sewer - 175,156 Water - 39,456 Electric - 816,864 Total proprietary funds - 1,504,263 Total $ 4,792,943 $ 4,792,943 49