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Elk River Municipal Utilities <br />Elk River, Minnesota <br />Notes to the Financial Statements <br />December 31, 2023 <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 />Amount <br />Purpose <br />Electric City <br />$ 3,441 <br />December billings <br />Total Electric Fund Receivable From City <br />3,441 <br />Water City <br />88,373 <br />Trunk funds - Villas at Fillmore <br />Water City <br />128,850 <br />TIF 22 Water Access Charge <br />Total Water Fund Receivable From City <br />217,223 <br />Total Receivable From City <br />$ 220,664 <br />City Electric <br />$ 121,462 <br />Shared costs <br />City Electric <br />5,576 <br />Supplies and fuel <br />City Electric <br />98,038 <br />December transfer of revenue <br />City Electric <br />260,907 <br />4th quarter franchise fees <br />City Electric <br />220,767 <br />Billed sewer on behalf of City <br />City Electric <br />160,360 <br />Billed garbage on behalf of City <br />City Electric <br />53,291 <br />Billed stormwater on behalf of City <br />City Electric <br />1,900 <br />Continuing disclosures <br />City Electric <br />4,838 <br />4th quarter safety program <br />City Electric <br />1,782 <br />Parts and labor <br />Total Electric Fund Payable to City <br />928,921 <br />City Water <br />30,365 <br />Shared costs <br />City Water <br />1,331 <br />Supplies and fuel <br />City Water <br />381 <br />Continuing disclosures <br />City Water <br />1,210 <br />4th quarter safety program <br />City Water <br />173 <br />Parts and labor <br />Total Water Fund Payable to City <br />33,460 <br />Total Payable to City <br />$ 962,381 <br />42 <br />107 <br />