Laserfiche WebLink
CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2005 <br />Note 12 SHARE IN GAS FRANCHISE PROFITS <br />The City receives a share of the gross billing for natural gas sales by a neighboring City, which provides <br />service within the City of Lino Lakes. The amount reported as revenue in the General Fund during fiscal <br />year 2005 was $116,010. <br />Mow <br />Note 13 INTERFUND RECEIVABLE AND PAYABLES <br />` Individual fund receivable and payable balances at December 31, 2005 are as follows: <br />Receivable <br />— <br />ORM <br />Vim <br />Governmental Activity: <br />General Fund <br />Other Nonmajor Governmental Funds <br />62,468 <br />$ 62,468 <br />Payable <br />62,468 <br />$ 62,468 <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 2005 are as follows: <br />Governmental Activity: <br />General Fund <br />Improvement Bonds of 2002B <br />Area and Unit Charge <br />Legacy Woods Edge Improvement Fund <br />Other Nonmajor Governmental Funds <br />Total Governmental Activity <br />Business -Type Activity: <br />Water Fund <br />Transfer In <br />45,499 <br />155,069 <br />2,450,901 <br />2,651,469 <br />304,195 <br />$ 2,955,664 <br />Transfer Out <br />$ (467,782) <br />(1,867,549) <br />(620,333) <br />(2,955,664) <br />$ (2,955,664) <br />Interfund transfers are other financing sources and uses within the fund financial statements. The purpose of <br />the transfers are to provide funding for capital improvement projects, capital outlay, and debt service as <br />well as open and close funds. <br />