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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2016 <br />Long-term interfund loans are classified as interfund loan receivable/payable. A summary of such loans as of <br />December 31, 2016 is as follows: <br />Note 13 INTERFUND TRANSFERS <br />Individual fund transfers for fiscal year 2016 are as follows: <br />Major Funds: <br />General Fund <br />G.O. Improvement Bonds of 2005A <br />G.O. Improvement Note of 2009A <br />Area and Unit Charge <br />Water Fund <br />Sewer Fund <br />Nonmajor governmental funds <br />Total <br />$4,043,638 $4,043,638 <br />Transfer In Transfer Out <br />$488,084 <br />Receivable <br />Payable <br />Major Funds: <br />309,000 <br />- <br />G.O. Improvement Bonds of 2005A <br />$ - <br />$2,876,643 <br />Area and Unit Charge <br />194,525 <br />- <br />Sewer Fund <br />559,110 <br />- <br />Nonmajor Funds: <br />$3,521,180 <br />G.O. Improvement Bonds of 2014A <br />199,452 <br />- <br />Closed Bond Fund <br />773,018 <br />- <br />Building and Facilities <br />2,317,533 <br />- <br />Dedicated Parks <br />- <br />194,525 <br />Tax Increment Financing 1-11 <br />- <br />773,018 <br />21 st Avenue Extension <br />- <br />199,452 <br />Note 13 INTERFUND TRANSFERS <br />Individual fund transfers for fiscal year 2016 are as follows: <br />Major Funds: <br />General Fund <br />G.O. Improvement Bonds of 2005A <br />G.O. Improvement Note of 2009A <br />Area and Unit Charge <br />Water Fund <br />Sewer Fund <br />Nonmajor governmental funds <br />Total <br />$4,043,638 $4,043,638 <br />Transfer In Transfer Out <br />$488,084 <br />$691,439 <br />152,784 <br />- <br />309,000 <br />- <br />1,001 <br />315,044 <br />- <br />34,627 <br />- <br />244,594 <br />2,570,311 <br />2,235,476 <br />$3,521,180 <br />$3,521,180 <br />During 2016, transfers were made to provide funding for capital improvement projects and capital outlay in <br />accordance with the City's capital improvement plan. Transfers were also made to provide resources for debt <br />service payments, to close capital project funds, and to allocate financial resources to funds that received benefit <br />from services provided by another fund. These transfers are routine and consistent with past practices. <br />79 <br />