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ELK RAVER MUNICIPAL UTILITIES <br />ELK RIVER, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2009 AND 200$ <br />Note 2: 1~ET.AILEI~ l~®TES ~N ALL EU1~S - C®NTII~UED <br />D, Interfund Receivables, Payables and Transfers <br />The composition of interfund balances at December 31, 2009 is as follows: <br />Electric <br />Electric <br />Electric <br />E1ect~•ic <br />Payable Fund <br />City -General fund $ <br />City - Nonmaj or <br />City M Sewer <br />City -Garbage <br />1,426 <br />155 <br />713 <br />2,619 <br />Total Electric fund receivable from City 4,913 <br />Purpose <br />Electric sales tax paid by City <br />Electric sales tax paid by City <br />City share of pro j ect costs <br />City share of prof eGt costs <br />Water City -Capital projects fund 128,850 TIF 22 Water Access Charge <br />Total receivable from City _ $ _ ~ 3.3,_763_-- <br />City -General fund Electric $ 43,494 Shared building ~naint, costs <br />City -multiple funds Electric 44,031 December transfer of 3% of revenue <br />City - General fiuld Elect~•ic 1,45 S Electric share of insurance <br />City - General fiznd Electric 999 Electric sl~are of vehicle mait~t, <br />City -Sewer Electric 120,13 5 Billed sewer on behalf of City <br />City -Garbage Electz•iG 98,450 Billed garbage an behalf of City <br />Total Elect~•ic fund payable to City 30$,564 <br />City -General fund water 312 Water share of insurance <br />City -General fund water 14,498 Shared building maim, costs <br />Total Water fund payable to City 14, $10 <br />Total payable to City $ 323,374 <br />Interfiuad transfers completed in 2009 are detailed as follow; <br />Transfer out; <br />Electric <br />Water <br />Total t~•ansfers out <br />Transfer to <br />Other <br />City Funds ~ Purpose ....., ..r. <br />$ 585,141 Transfer 3% of revenue <br />20,000 water share of bonding <br />$ 605,141 <br />-42- <br />