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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2018 <br /> <br /> <br /> <br /> <br />Note 12 INTERFUND TRANSFERS <br /> <br />Individual fund transfers for fiscal year 2018 are as follows: <br /> <br />Transfer In Transfer Out <br />Major Funds: <br />General Fund $ - $1,293,512 <br />G.O. Improvement Note of 2009A - 647,371 <br />G.O. Improvement Bonds of 2016B 278,137 - <br />Area and Unit Charge 38,000 407,022 <br />MSA Construction 647,371 402,776 <br />2018 Street Reconstruction 510,159 - <br />Sewer Fund - 242,145 <br />Nonmajor governmental funds 2,792,773 1,273,614 <br />Total $4,266,440 $4,266,440 <br /> <br />During 2018, 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 /> <br />82