Laserfiche WebLink
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 /> Interfund transfers completed in 2013 are detailed as follows: <br /> Transfer from Transfer to <br /> Other Other <br /> Transfer out City Funds City Funds <br /> Electric $ - $ 781,162 <br /> Water 40,000 25,000 <br /> Total transfers out $ 40,000 $ 806,162 <br /> The transfer out of the Electric fund was the annual transfer of 3 percent of 2013 revenues to City hinds.The transfer out <br /> of the Water fund was for its share of bonding.The transfer in to the Water fund was for water main reimbursement from <br /> City Trunk Fees. <br /> Interfund transfers completed in 2012 are detailed as follows: <br /> Transfer from Transfer to <br /> Other Other <br /> Transfers City Funds City Funds <br /> Electric $ - $ 816,864 <br /> Water 1,372 40,828 <br /> Total transfers out $ 1,372 $ 857,692 <br /> The transfer out of the Electric fund was the annual transfer of 3 percent of 2012 revenues to City funds, $753,553,and <br /> contributions to a fiber project,$63,311.The transfer out of the Water fund was for its share of bonding,$25,000,and <br /> contributions to a fiber project,$15,828.The transfer in to the Water fund was for water main reimbursement from City <br /> Trunk Fees. <br /> 98 <br />