|
CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2017
<br />Note 12 INTERFUND RECEIVABLES AND PAYABLES
<br />Long-term interfund loans are classified as interfund loan receivable/payable. A summary of such loans at
<br />December 31, 2017 is as follows:
<br />Note 13 INTERFUND TRANSFERS
<br />Individual fund transfers for fiscal year 2017 are as follows:
<br />Major Funds:
<br />General Fund
<br />G.O. Improvement Bonds of 2005A
<br />G.O. Improvement Note of 2009A
<br />G.O. Improvement Bonds of 2016B
<br />Area and Unit Charge
<br />Water Fund
<br />Sewer Fund
<br />Nonmajor governmental funds
<br />Total
<br />$3,949,826 $3,949,826
<br />Transfer In
<br />$439,373
<br />2,187,503
<br />1,126,057
<br />272,506
<br />104,969
<br />104,969
<br />2,959,004
<br />Transfer Out
<br />$879,759
<br />7
<br />2,187,503
<br />236,548
<br />35,727
<br />35,727
<br />3,819,110
<br />$7,194,381 $7,194,381
<br />During 2017, transfers were made to provide funding for capital improvement projects and capital outlay in
<br />accordance with the City's capital improvement plan. Transfers were also made to provide resources for debt
<br />service payments, to close capital project funds and debt service funds, and to allocate financial resources to
<br />funds that received benefit from services provided by another fund. These transfers are routine and consistent
<br />with past practices.
<br />79
<br />Receivable
<br />Payable
<br />Major Funds:
<br />G.O. Improvement Bonds of 2016B
<br />$ -
<br />$2,876,643
<br />Area and Unit Charge
<br />100,361
<br />-
<br />Sewer Fund
<br />914,949
<br />-
<br />Nonmajor Funds:
<br />Closed Bond Fund
<br />616,983
<br />-
<br />Building and Facilities
<br />2,317,533
<br />-
<br />Dedicated Parks
<br />-
<br />100,361
<br />Tax Increment Financing 1-11
<br />-
<br />775,154
<br />2018 Street Reconstruction
<br />-
<br />197,668
<br />Note 13 INTERFUND TRANSFERS
<br />Individual fund transfers for fiscal year 2017 are as follows:
<br />Major Funds:
<br />General Fund
<br />G.O. Improvement Bonds of 2005A
<br />G.O. Improvement Note of 2009A
<br />G.O. Improvement Bonds of 2016B
<br />Area and Unit Charge
<br />Water Fund
<br />Sewer Fund
<br />Nonmajor governmental funds
<br />Total
<br />$3,949,826 $3,949,826
<br />Transfer In
<br />$439,373
<br />2,187,503
<br />1,126,057
<br />272,506
<br />104,969
<br />104,969
<br />2,959,004
<br />Transfer Out
<br />$879,759
<br />7
<br />2,187,503
<br />236,548
<br />35,727
<br />35,727
<br />3,819,110
<br />$7,194,381 $7,194,381
<br />During 2017, 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 debt service funds, and to allocate financial resources to
<br />funds that received benefit from services provided by another fund. These transfers are routine and consistent
<br />with past practices.
<br />79
<br />
|