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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2004 <br />Note 13 INTERFUND RECEIVABLE AND PAYABLES <br />Individual fund receivable and payable balances at December 31, 2004 are as follows: <br />Receivable Payable <br />General Fund $ 995,600 $ <br />Capital Projects Funds: <br />Municipal State Aid - 232,089 <br />1997 Construction 678,348 <br />Tax Increment Financing 1 -10 6,463 <br />Tax Increment Financing 1 -11 22,899 <br />Legacy Woods Edge Improvement - 55,801 <br />$ 995,600 $ 995,600 <br />Interfund receivable and payable balances represent the elimination of negative cash between funds. <br />Note 14 INTERFUND TRANSFERS <br />Individual fund transfers for fiscal year 2004 are as follows: <br />Transfer In Transfer Out <br />Governmental Activity: <br />General Fund $ - $ (142,484) <br />Special Revenue Funds: <br />Economic Development Authority 615 <br />Debt Service Funds: <br />Improvement Bonds of 1996A 1,171,657 (1,879) <br />Improvement Bonds of 1998A 398,000 <br />Improvement Refunding Bonds of 1999A 270,000 <br />Improvement Refunding Bonds of 2003A 1,879 <br />Capital Projects Funds: <br />Dedicated Parks - (80,500) <br />Area and Unit (4,037,178) <br />Surface Water Management - (580,491) <br />1996 Construction (743,882) <br />1997 Construction 698,540 <br />1998 Construction 2,662,115 <br />Birch Hodgson Street Improvement 80,500 <br />Total Governmental Activity 5,283,306 (5,586,414) <br />Business -Type Activity: <br />Water Fund 303,108 <br />$ 5,586,414 $ (5,586,414) <br />Interfund transfers are other financing sources and uses within the fiord financial statements. The purpose of the <br />transfers are to provide funding for capital improvement projects, capital outlay, and debt service as well as <br />open and close funds. <br />50 <br />