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City of Elk River <br />Notes to Basic Financial Statements <br />NOTE 5 — INTERFUND ASSETS/LIABILITIES <br />At December 31, 2021, interfund balances for the City were as follows: <br />Receivable Fund Payable Fund <br />Due from/to other funds <br />General Fund <br />General Fund <br />General Fund <br />Pavement Management <br />Public Safety / Fire Station #3 <br />Government Building Bonds <br />Government Building Bonds <br />Nonmajor Governmental Funds <br />Nonmajor Governmental Funds <br />Sewer <br />Sewer <br />Garbage <br />Storm Water <br />Electric <br />Electric <br />Electric <br />Water <br />Total due from/to other funds <br />Amount <br />Nonmajor Governmental Funds <br />$ 75,222 <br />Electric <br />192,991 <br />Water <br />26,439 <br />Electric <br />270,693 <br />Water <br />64,295 <br />Water <br />43,800 <br />Electric <br />175,200 <br />Nonmajor Governmental Funds <br />1,151,564 <br />Electric <br />24,734 <br />Nonmajor Governmental Funds <br />171,800 <br />Electric <br />193,582 <br />Electric <br />148,828 <br />Electric <br />49,384 <br />Sewer <br />563 <br />Garbage <br />2,853 <br />Storm Water <br />934 <br />Nonmajor Governmental Funds <br />128,850 <br />$ 2,721,732 <br />Due from/to component unit <br />Primary Government - General Fund Component Unit - HRA $ 4,002 <br />Component Unit - HRA Primary Government - Nonmajor Governmental Funds 179,331 <br />Total due from/to component unit <br />$ 183,333 <br />The interfund receivable/payable balances result from the distribution of utility collections and the <br />lending/borrowing between funds for operating or capital purposes. <br />The outstanding balance between the primary government and the component unit represents the <br />transfer for administrative services and the lending/borrowing arrangement to finance construction costs. <br />The $179,331 payable to the HRA will be paid with the collection of tax increment revenue and will not <br />be repaid within one year. <br />70 <br />