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<br />.. ...... .. ... <br />.. " . , .' , <br />. . . .. . . . . . <br />'. '. <br /> <br />,.. <br />. . <br /> <br />. ::: ;.: ::.NOTE :12 ~ Il'i"TERFIJ.ND TRANSFERS AND TRANSACTIONS <br /> <br />. .. <br />. . <br /> <br />.:A.. <br /> <br />Tram;fers <br /> <br />The following interfund transfers were made during the year: , <br /> <br />Fuod Receivin!. Transfers. <br /> <br />Fund Making Transfers <br /> <br />. Amount <br />Transferred <br />$ <br />. 250,000 (I) <br />1,004,751 (2)" <br />72,670:' m <br /> <br />General Fund: . <br /> <br />, .' <br /> <br />,: Non-major Go....ernmental FWlds.:.:.; <br />Capital Outlay Fund . <br />Internal Service Funds <br /> <br />Capital OUtlay Fund.. <br /> <br />General Fund <br /> <br />7,768.418 OJ <br /> <br />. . <br /> <br />Non.-major Gov~ntal Funds <br /> <br />General Fund <br />Capital Outlay Fund <br />Redevelopment Agency Fund <br />Non-major Governmental F:lU1ds <br /> <br />2,023,562 . (3) (4) (5) <br />.340,871, (3) <br />1,809,155 (5) <br />288.248 . (5) <br /> <br />. Parking .Fund : <br />IJliernalSe~ice F~ds <br /> <br />. General Fund. . <br /> <br />654,286 (A) <br /> <br />Water Utility FUJicl <br /> <br />16.427 (3) <br /> <br />, .',.. <br />, " . <br />,... , <br />. . <br />T~tallnterfund T~ansfers.. <br /> <br />:'1"4,228.388 <br /> <br />.( I) <br />. (21. <br />': (3) <br />; (4) <br /> <br />.. . . <br />. ., . . , <br />The'reasoIl.t; for these .transfers are set forth below: . . i. . . <br />Reimburse General ,Fund for expenditures incurred for. maintenance :in the Redwood Shores an~a. <br />Reimburse General Fund for interest ea.ri:1ed by funds.supported by th~ General Fund!; . <br />: Allocation of funds "to CODSlTUctJpurchase general capital assets. . ,. <br />'Allocation3offunds.to suppon operations. . <br />(5): Transfer of amounts required t~ fwtd debt service payments: <br /> <br />B. <br /> <br />, . .. .. <br /> <br />Current InterfundBalIlnces . <br /> <br />.: (Liability) <br />Payable Fund <br /> <br />. ' (Asset) , . <br />. . Receivable Fund <br /> <br />Amount <br />-;$. <br />400,296 <br /> <br />, .. Special Gas Tax Street. . <br />.Improvement Fund . <br /> <br />. . <br />. . . . . . . <br />.. ' . <br />.' . . <br />.' Transportation: Gr~ts <br />Fund . . <br /> <br />As part of its mid-year hu4get cut p~ckage~. the state: of Cali fomia. deferred fi~e months of high .way' user <br />tax account payments to cities and counties until September 2008. Therefore,:'the transportation grants <br />, . fund temporarily transferred cash to the special gas tax street improvement fund to. cover: the short tenn <br />inegative balance caused by the state's act.ion.. This transfer wilrbe repaid'.once the state remits the. <br />highway. user tax to the City. . . . . <br /> <br />:j <br /> <br />.:; <br /> <br />58 <br /> <br />~:-::. . <br /> <br />:'.......:.M.. <br /> <br /> <br />'. <br /> <br />