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Elk River Municipal Utilities <br /> Elk River, Minnesota <br /> Notes to the Financial Statements <br /> December 31, 2018 <br /> Note 2: Detailed Notes on All Funds (Continued) <br /> D. Interfund Receivables, Payables and Transfers <br /> The composition of interfund balances at year end is as follows: <br /> Receivable Fund Payable Fund Amount Purpose <br /> Electric City $ 319 Move siren pole/instal pipe at Rivers Edge Park <br /> Electric City 8,382 Shared costs <br /> Electric City 2,935 December billings <br /> Electric City 1,756 PERA aid <br /> Total Electric Fund Receivable From City 13,392 <br /> Water City 439 PERA aid <br /> Water City 128,850 TIF 22 Water Access Charge <br /> Total Water Fund Receivable From City 129,289 <br /> Total Receivable From City $ 142,681 <br /> City Electric $ 88,614 Shared costs <br /> City Electric 6,568 Supplies <br /> City Electric 81,251 December transfer of 4%of revenue <br /> City Electric 273,336 4th quarter franchise fees <br /> City Electric 173,543 Billed sewer on behalf of City <br /> City Electric 130,039 Billed garbage on behalf of City <br /> City Electric 40,862 Billed stormwater on behalf of City <br /> Total Electric Fund Payable to City 794,213 <br /> City Water 22,154 Shared costs <br /> City Water 1,444 Supplies <br /> Total Water Fund Payable to City 23,598 <br /> Total Payable to City $ 817,811 <br /> The transfer out of the Electric fund was the annual transfer of 4 percent of 2018 Elk River revenues to City funds. The <br /> Electric fund transferred$1,188,664 in 2018. <br /> 40 <br /> 127 <br />