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CITY OF SOUTH BEND <br />NOTES TO FINANCIAL STATEMENTS <br />(Continued) <br />2. Interfund Transfers <br />Interfund transfers at December 31, 2002, were as follows: <br />Transfer To _ <br />General Nonmajor Intenal <br />Transfer From Fund Governmental Service Total <br />General $ - $ 737,527 $ - $ 800,000 $1,537,527 <br />Major Governmental - 88,278 - - 88,278 <br />Nonmajor Governmental 265,953 5,755,073 77,500 - 6,098,526 <br />Nonmajor Enterprise ~ 17,467 - - 17,467 <br />Total $ 265,953 $ 6,598,345 $ 77,500 $ 800,000 $7,741,798 <br />The government typically uses transfers to fund ongoing operating subsidies and to transfer the <br />portion of state-shared revenues from the general fund to the debt service fund for current-year <br />debt service requirements. <br />F. Leases <br />~ Operating Leases <br />The govemment has entered into various operating leases having initial or remaining noncancel- <br />ableterms exceeding one year for telephone services, vehicles, and office space. Rental expen- <br />ditures paid during 2002 for these leases were $196,948. The following is a schedule by years of <br />future minimum rental payments as of December 31, 2002: <br />2003 $ 182,840 <br />2004 78,302 <br />2005 44,919 <br />2006 25,399 <br />Total $ 331,460 <br />2. Capital Leases <br />The government has entered into various capital leases for fire equipment, an ambulance, golf <br />course equipment, a softball complex, and a parking garage. The parking garage capital lease is <br />being repaid from governmental funds. Future minimum lease payments and present values of <br />the net minimum lease payments under these capital leases as of December 31, 2002, areas fol- <br />lows: <br />42 <br />