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CITY OF ELK RIVER, MINNESOTA <br />NOTES TO THE FINANCIAL STATEMENTS <br />DECEMBER 31, 2018 <br />NOTE 6: INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS <br />The composition of interfund balances as of December 31, 2018 is as follows: <br />Due to/from other funds: <br />Receivable Fund <br />General <br />General <br />General <br />Pavement Management <br />Nonmajor governmental funds <br />Sewer <br />Sewer <br />Garbage <br />Sto rm W ater <br />Electric <br />Water <br />Water <br />Electric <br />Electric <br />Electric <br />Total <br />Payable Fund <br />Nonmajor governmental funds <br />Water <br />Electric <br />Electric <br />Nonmajor governmental funds <br />Nonmajor governmental funds <br />Electric <br />Electric <br />Electric <br />General <br />General <br />Nonmajor governmental funds <br />Garbage <br />Sewer <br />Storm W ater <br />A ninnnt <br />$ 11,135 <br />23,598 <br />174,483 <br />275,286 <br />1,840,269 <br />171,800 <br />173,543 <br />130,039 <br />40,862 <br />2,076 <br />439 <br />128,850 <br />1,525 <br />523 <br />9,268 <br />$ 2,983,696 <br />The interfund receivable/payable balances result from the distribution of utility collections and the lending/borrowing <br />arrangements between funds for operating or capital purposes. <br />Due to/from component unit: <br />Receivable Entity Payable Entity Amount <br />Primary government - General Fund Component unit - HRA $ 6,622 <br />Component unit - HRA Primary government - TIF Districts 202,304 <br />The outstanding balance between the primary government and the component unit represents the transfer for <br />administrative services and the lending/borrowing arrangement to finance construction costs. The $202,304 payable to <br />the HRA will be paid with the collection of tax increment revenue and will not be repaid within one year. <br />50 <br />