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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2019 <br /> <br /> <br /> <br /> <br />Note 12 INTERFUND TRANSFERS <br /> <br />Individual fund transfers for fiscal year 2019 are as follows: <br /> <br />Transfer In Transfer Out <br />Major Funds: <br />General Fund $256,480 $943,553 <br />G.O. Improvement Note of 2009A - 62,605 <br />G.O. Improvement Bonds of 2016B 366,450 - <br />Area and Unit Charge - 580,741 <br />MSA Construction 62,605 255,181 <br />Water Fund - 226,722 <br />Nonmajor governmental funds 2,092,128 708,861 <br />Total $2,777,663 $2,777,663 <br /> <br />During 2019, 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 debt service 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 /> <br />79