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invest for us; and other types of interest earnings. That was $2,300,000 for 2016, which is actually on the next page, Page Twenty-Three (23). That is actually the highest we have earned in recent years, so we're happy about that. Pages Twenty-Four(24) and Twenty-Five (25) is a detailed summary of interest earned—earnings by fund. We take a lot of pride in making sure each fund is treated fairly, as far as the interest rate earning. It is a pooled account that Rahman allocates the interest to each time. On Pages Twenty-Six (26)through Twenty-Eight(28), we have a cash reserves policy in place for every fund. You also receive a monthly report on cash reserves versus policy. We compare total cash minus encumbrances against these benchmarks. I believe we ended the year with all funds in compliance with the policy. I think there were three (3)that were under. Councilmember Tim Scott stated that the pages referenced were actually Pages Twenty-Nine (29)through Thirty (30). Councilmember John Voorde made a motion to approve the cash reserves policy. Councilmember Dr. David Varner seconded the motion which carried by a voice vote of six (6) ayes. Councilmember Broden asked Mr. Murphy to go over transfers within the Redevelopment Commission on Page Twenty-One (21). Mr. Murphy stated, When Eddy Street Commons and the Triangle projects were initially funded, part of the funding for that was an inter-fund borrowing to the major moves account. Those are booked as loans, so we are paying them back from these TIF funds to major moves. There is a schedule that describes exactly when the payments are due. The one from the airport TIF for $400,000 that was a loan from, I believe, Fund 409 for a similar type of arrangement. So, they are loans from one fund to the other, but we don't forget about them. We have schedules that require repayment at certain times,kind of like a bank would do. That's what those are. Dr. Varner, back in the day, suggested we put those on the Controller's Report,because those are commitments of cash that will have to be paid off before additional Councilmember Dr. Varner interjected, That was because, back in the day, I wasn't certain they were being honored. I thought a lot of discussions were had and... Mr. Murphy stated, Yeah, they are definitely being honored. We are caught up with all our inter- fund loans. Councilmember Dr. Varner responded, I think that it's very helpful for anybody that is looking at it to know that it's happening. Councilmember Broden asked, Within your Redevelopment Commission Controlled Funds, are their intra-loans possible with those funds? So, River West going to East, or...? Mr. Murphy responded, We don't have any,no. It could be possible, but we don't currently have any. They used to have some inter-fund loans from River West to Blackthorn,but there are no current loans. These are all the inter-fund loans, here. 4