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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2017 <br />51 <br />NOTE 6: INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS - CONTINUED <br />Interfund transfers: <br />Governmental funds:Transfer In Transfer Out <br />Major fund - General 1,872,050$ 597,347$ <br />Nonmajor funds 2,403,747 1,707,200 <br />Total governmental funds 4,275,797 2,304,547 <br />Proprietary funds: <br />Municipal liquor - 710,866 <br />Garbage 44,030 46,150 <br />Sewer - 130,000 <br />Storm Water - 15,000 <br />Electric - 1,113,264 <br />Total proprietary funds 44,030 2,015,280 <br />Total 4,319,827$ 4,319,827$ <br />Interfund transfers are used to provide additional capital funding or to move revenues from the fund with collection <br />authorization to debt service funds as principal and interest payments come due. In addition, interfund transfers are <br />occasionally authorized to allow redistribution of resources between funds for the most efficient use of funds.