|
CITY OF SOUTH BEND
<br />NOTES TO FINANCIAL STATEMENTS
<br />(Continued)
<br />E. Interfund Balances and Activity
<br />1, Interfund Receivables and Payables
<br />The composition of interfund balances as of December 31, 2005, is as follows:
<br />Interfund balances resulted from the time tag 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, $506,448, due from the Economic Development State
<br />Grants Fund to the Industrial Revolving Fund, both nonmajor governmental funds. This loan was
<br />made during 2002 for an economic development project.
<br />3. Interfund Transfers
<br />Interfund transfers at December 31, 2005, were as follows:
<br />41
<br />Governmental Funds
<br />Enterprise Funds
<br />Park and
<br />Century
<br />Nonmajor
<br />Internal
<br />Receivable
<br />General
<br />Recreation COIT
<br />Nonmajor
<br />Water
<br />Wastewater
<br />Center
<br />Enterprise
<br />Service
<br />Total
<br />Governmental funds:
<br />General
<br />$
<br />$ 3,202 $ $960
<br />$ 44,230 $
<br />3,421
<br />$ 598
<br />$ 1,301
<br />$ 891,229
<br />$ 691,854
<br />$ 1,644,795
<br />COIT
<br />-
<br />-
<br />48,093
<br />-
<br />-
<br />48,093
<br />TIP - Airport
<br />-
<br />1,439,500
<br />1,439,500
<br />Nonmajor
<br />governmental
<br />6,496
<br />-
<br />6,496
<br />Enterprise funds:
<br />Water
<br />3,367
<br />5,678
<br />-
<br />935
<br />1,097
<br />179
<br />503
<br />7,759
<br />Wastewater
<br />162,747
<br />20,766
<br />-
<br />-
<br />183,513
<br />Century Center
<br />1,354
<br />1,354
<br />Internal service
<br />263,510
<br />30,885
<br />18,306
<br />22,517
<br />65,803
<br />538
<br />49,207
<br />58
<br />450,824
<br />Totals
<br />$ 430,978
<br />$ 35,765 $ 8,960
<br />$ 89,798 $_
<br />_25,938
<br />$ 115,429
<br />$ 2.936
<br />$ 2,380,115
<br />$ 692,415
<br />$ 3,782,334
<br />Interfund balances resulted from the time tag 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, 2005, were as follows:
<br />41
<br />
|