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Elk River Municipal Utilities <br />Elk River, Minnesota <br />Notes to the Financial Statements <br />December 31, 2022 <br />Note 2: Detailed Notes on All Funds (Continued) <br />E. Interfund Receivables, Payables and Transfers <br />Interfunds <br />The composition of interfund balances at year end is as follows: <br />Receivable Fund Payable Fund <br />Electric City <br />Electric City <br />Total Electric Fund Receivable From City <br />Water City <br />Total Receivable From City <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />City <br />Electric <br />Electric <br />Total Electric Fund Payable to City <br />City <br />Water <br />City <br />Water <br />City <br />Water <br />City <br />Water <br />City <br />Water <br />City <br />Water <br />Total Water Fund Payable to City <br />Total Payable to City <br />Transfers <br />Amount Purpose <br />$ 2,921 November billings <br />2,609 December billings <br />5,530 <br />128,850 <br />TIF 22 Water Access Charge <br />$ 134,380 <br />$ 114,116 <br />Shared costs <br />7,962 <br />Supplies and Fuel <br />1,900 <br />Bond disclosure services <br />127,568 <br />December transfer of revenue <br />265,113 <br />4th quarter franchise fees <br />202,132 <br />Billed sewer on behalf of City <br />158,352 <br />Billed garbage on behalf of City <br />51,085 <br />Billed stormwater on behalf of City <br />90,720 <br />Current portion of 2020B due to City <br />1,890 <br />Interest accrued of 2020B due to City <br />544 <br />Parts & Labor <br />1,021,382 <br />28,529 <br />Shared costs <br />1,430 <br />Supplies and Fuel <br />363 <br />Bond disclosure services <br />22,680 <br />Current portion of 2020B due to City <br />472 <br />Interest accrued of 2020B due to City <br />61 <br />Parts & Labor <br />5J,5J5 <br />$ 1,074,917 <br />During the year ended December 31, 2022, the Utilities made the following transfer: <br />• The transfer out of the Electric fund was the annual transfer of 4 percent of 2022 Elk River revenues to City funds. <br />The Electric fund transferred $1,531,633 in 2022. <br />41 <br />124 <br />