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City of Redwood City 6.1.D. - Page 103 <br />Notes to the Basic Financial Statements <br />For the fiscal year ended June 30, 2016 <br />NOTE 12 — INTERFUND TRANSFERS AND TRANSACTIONS (CONTINUED) <br />B. Short -Term Due to/From other Funds <br />At the end of the fiscal year the general fund had net utility users tax receivable in the amount of $495,263. <br />The policy of the City Council dictates the transfer of utility users tax to the capital outlay fund, and once <br />the revenue is received, the general fund will transfer the cash to the capital outlay fund. <br />Receivable Fund <br />Capital Outlay Fund <br />Non Major Governmental Funds <br />Internal Service Funds <br />Payable Fund <br />General Fund <br />General Fund <br />Water Utility Fund <br />C. Long -Term Interfund Loons <br />Fund Receiving Advance Fund Making Advance <br />Water Utility Fund Internal Service Funds <br />Total Long-term Interfund Loans <br />Amount Due to/From <br />495,263 <br />8,607 <br />300,000 <br />803,870 <br />Amount of Advance <br />1,800,000 <br />1,800,000 <br />During FY 2012-13, the equipment services internal service fund advanced $3,000,000 to the water utility <br />enterprise fund for the implementation of the Automated Meter Infrastructure Project to replace water <br />meters. During FY 2013-14 the water utility enterprise fund repaid $300,000 to the equipment services <br />internal service fund. During FY 2015-16 the water utility enterprise fund repaid $300,000 to the <br />equipment services internal service Fund. As of June 30, 2016, $300,000 of this advance is considered <br />current. <br />76 <br />