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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2020 <br /> <br /> <br /> <br /> <br />Amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in <br />OPEB expense as follows: <br /> <br />Year Ended OPEB <br />December 31, Expense <br />2021 ($33,759) <br />2022 (33,759) <br />2023 (33,759) <br />2024 (33,759) <br />2025 (33,759) <br />Thereafter (115,314) <br />($284,109) <br /> <br />Note 11 INTERFUND RECEIVABLES/PAYABLES, LOANS AND TRANSFERS <br /> <br />Individual fund interfund receivable and payable balances at December 31, 2020 are as follows: <br /> <br />Fund Receivable Payable <br />Governmental activities: <br /> Major funds: <br /> General Fund $159,578 $ - <br /> Street Improvement Project Fund - 159,578 <br /> Total $159,578 $159,578 <br /> <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 /> <br />Interfund loans receivable and payable balances at December 31, 2020 are as follows: <br /> <br />Fund Receivable Payable Purpose <br />Major funds: <br />Public Utilities Infrastructure $981,806 $ - <br />HRA TIF Improvements 1,369,416 2,328,742 Provide financing for pay off of Fannie Mae loan <br />Nonmajor funds: <br />Revolving Improvement - 22,480 Provide financing for Arbors Alley Project <br /> - <br />Total $2,351,222 $2,351,222 <br /> <br />79