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CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />(Continued)
<br />Governmental Funds Enterprise Funds
<br />Park and Century Nonmajor Internal
<br />Receivable General Recreation Nonmajor Water Wastewater Center Enterprise Service Total
<br />Governmental funds;
<br />Transfer To
<br />South Bend
<br />General
<br />$ $
<br />2,618
<br />$ 90,401 $ 2,749 $
<br />1,075 $
<br />1,260
<br />$ 1,081,012 $ 388,668
<br />$ 1,587,783
<br />Nonmajor
<br />Nonmajor
<br />Transfer From
<br />Fund
<br />Construction
<br />Governmental
<br />Total
<br />Governmental
<br />-
<br />1,594,014 -
<br />48,093
<br />-
<br />953,870
<br />2,595,977
<br />Enterprise funds!
<br />Park and recreation
<br />-
<br />-
<br />99,292
<br />99,292
<br />Nonmajor governmental
<br />291,696
<br />Water
<br />3,387
<br />1,595
<br />2,075
<br />2,544
<br />1,135
<br />101
<br />10,837
<br />Wastewater
<br />172,535
<br />-
<br />27,687
<br />Totals
<br />-
<br />-
<br />200,222
<br />Century Center
<br />100
<br />245
<br />345
<br />Nonmajor
<br />15,015
<br />-
<br />1,675 -
<br />-
<br />-
<br />-
<br />16,690
<br />Internal Service
<br />225,413
<br />23,335
<br />1,437 14,806
<br />32,019
<br />264
<br />31,115 53
<br />328.442
<br />Totals
<br />$ 416,450 $
<br />27,548
<br />$ 1,717,534 $ 17,555 $
<br />83,731 $
<br />2,659
<br />$ 2,066,098 $ 388,721
<br />$ 4,720,296
<br />Interfund balances resulted from the time lag between the dates that (1) Interfund loans are
<br />repaid, (2) Interfund goods and services are provided or reimbursable expenditures occur, (3)
<br />transactions are recorded in the accounting system and (4) payments between funds are made.
<br />2. Advances Between Funds
<br />The advances included a loan balance due from the Hall of Fame Operating Fund, a nonmajor
<br />governmental fund, to the General Fund, $1,750,000. The loan was made during the years from
<br />1996 to 1999. This loan is to be repaid from excess operating revenues of the College Football
<br />Hall of Fame. No payment schedule has been established.
<br />The advances also include a loan balance, $506,448, due from the Economic Development State
<br />Grants Fund to the Industrial Revolving Fund, both nonmajor governmental funds. This loan was
<br />made during 2002 for an economic development project.
<br />3. Interfund Transfers
<br />Interfund transfers at December 31, 2004, were as follows:
<br />The primary government typically uses transfers to fund ongoing operating subsidies and to
<br />transfer the portion of state - shared revenues from the general fund to the debt service fund for
<br />current -year debt service requirements.
<br />Transfer To
<br />South Bend
<br />Building
<br />General
<br />Corporation
<br />Nonmajor
<br />Transfer From
<br />Fund
<br />Construction
<br />Governmental
<br />Total
<br />General
<br />$ - $
<br />-
<br />$ 740,997
<br />$ 740,997
<br />Park and recreation
<br />-
<br />-
<br />99,292
<br />99,292
<br />Nonmajor governmental
<br />291,696
<br />1,837
<br />5,422,552
<br />5,716,085
<br />Nonmajor enterprise
<br />-
<br />-
<br />14,873
<br />14,873
<br />Totals
<br />$ 291.696 $
<br />1.837
<br />$ 6.277.714
<br />$ 6.571.247
<br />The primary government typically uses transfers to fund ongoing operating subsidies and to
<br />transfer the portion of state - shared revenues from the general fund to the debt service fund for
<br />current -year debt service requirements.
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