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ELK RIVER MUNICIPAL UTILITIES <br /> ELK RIVER,MINNESOTA <br /> NOTES TO THE FINANCIAL STATEMENTS <br /> DECEMBER 31, 2013 AND 2012 <br /> Note 2: DETAILED NOTES ON ALL FUNDS-CONTINUED <br /> D. Interfund receivables,payables and transfers <br /> The composition of interfund balances at December 31,2013 is as follows: <br /> Receivable Fund Payable Fund Amount Purpose <br /> Electric City-General fund $ 4,378 Sales tax/franchis fees <br /> Electric City-Nonmajor 290 Sales tax/franchis fees <br /> Electric City-Sewer 845 4th quarter billings <br /> Electric City-Garbage 6,405 4th quarter billings <br /> Electric City-General fund 1,756 PERA aid <br /> Total Electric fund receivable from City 13,674 <br /> Water City-General fund 439 PERA aid <br /> Water City-Capital projects fund 128,850 TIF 22 Water Access Charge <br /> Total Water fund receivable from City 129,289 <br /> Total receivable from City $ 142,963 <br /> City-General fund Electric $ 64,405 Shared building maint. costs <br /> City-Nonmajor Electric 640 Arena advertising costs <br /> City-Nonmajor Electric 56,821 December transfer of 3%of revenue <br /> City-Nonmajor Electric 210,875 4th quarter franchise fees <br /> City- Sewer Electric 132,430 Billed sewer on behalf of City <br /> City-Garbage Electric 98,567 Billed garbage on behalf of City <br /> Total Electric fund payable to City 563,738 <br /> City-General fund Water 13,845 Shared building maint.costs <br /> City-Nonmajor Water 229,993 Water Main Improvements <br /> Total Water fund payable to City 243,838 <br /> Total payable to City $ 807,576 <br /> 96 <br />