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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2014 <br />annual health care cost trend rate of 9% reduced by .33% each year to arrive at an ultimate health care <br />cost trend rate of 5.0% and an inflation rate of 3%. The actuarial value of assets was $0. The plan's <br />unfunded actuarial accrued liability is being amortized using the level percentage of projected payroll <br />method over 30 years on an open basis. <br />Note 9 INTERFUND RECEIVABLES/PAYABLES, LOANS AND TRANSFERS <br />Individual fund interfund receivable and payable balances at December 31, 2014 are as follows: <br />Fund Receivable Payable <br />Major Funds: <br />General Fund <br />HRA Projects <br />2015 Street Improvement Project Fund <br />2016 Street Improvement Project Fund <br />Nonmajor Funds: <br />HRA Fund <br />Silver Lake Village Park <br />Building Improvement Fund <br />Total <br />$639,128 $ - <br />- 121,354 <br />114,220 <br />52,601 <br />156,796 <br />160,352 <br />33,805 <br />$639,128 $639,128 <br />Interfund payables and receivables are representative of lending/borrowing arrangements to cover deficit cash <br />balances at the end of the fiscal year. <br />Interfund loans: <br />Fund <br />Major funds: <br />Water and Sewer <br />HRA Projects <br />Nonmajor funds: <br />Revolving Improvement Fund <br />Total <br />Receivable Payable Purpose <br />$1,015,526 $ - <br />959,326 Provide financing for pay off of Fannie Mae loan <br />56,200 Provide financing for Arbors Alley Project <br />$1,015,526 $1,015,526 <br />76 <br />