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Elk River Municipal Utilities <br />Elk River, Minnesota <br />Notes to the Financial Statements <br />December 31, 2024 <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 />Total Electric Fund Receivable From City <br />Water City <br />Water City <br />Total Water Fund Receivable From 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 />City <br />Electric <br />Amount Purpose <br />3,570 December billing services <br />3,570 <br />21,910 <br />City share of hydrant project <br />128,850 <br />TIF 22 Water Access Charge <br />150,760 <br />$ 154,330 <br />$ 259,809 <br />4th quarter franchise fees <br />232,326 <br />Billed sewer on behalf of City <br />164,444 <br />Billed garbage on behalf of City <br />102,355 <br />December transfer of revenue <br />56,712 <br />Billed stormwater on behalf of City <br />201,862 <br />Fiber project share <br />116,179 <br />Shared costs <br />5,478 <br />Parts and labor <br />3,976 <br />Fuel <br />1,320 <br />Continuing disclosures <br />276 <br />Supplies <br />Total Electric Fund Payable to City 1,144,737 <br />City <br />Water <br />147,949 <br />Fiber project share <br />City <br />Water <br />93,287 <br />Shared costs <br />City <br />Water <br />1,118 <br />Fuel <br />City <br />Water <br />679 <br />Parts and labor <br />City <br />Water <br />440 <br />Continuing disclosures <br />Total Water Fund Payable to City <br />Total Payable to City <br />243,473 <br />$ 1,388,210 <br />42 <br />105 <br />