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6.1 B - Attachment No. 4 <br /> NOTE 10—NET ASSETS AND FUND BALANCES(CONTINUED� <br /> D. Deficit Fund Equity/Net Assets <br /> The Employee Benefits internal service fund had a deficit net assets balance of $3,538,427 due to an <br /> unfunded increase in net OPEB obligation. <br /> NOTE 11—FUNDS WITH EXPENDITURES EXCEEDING APPROPRIATIONS <br /> The budgetary expenditures exceeded appropriations in the Redwood Shores landscape maintenance <br /> fund, and the 1997 tax allocation refunding bonds fund. Sufficient revenues were available to fund these <br /> expenditures. <br /> NOTE 12—INTERFUND TRANSFERS AND TRANSACTIONS <br /> A. Transfers <br /> The following interfund transfers were made during the year: <br /> Amount <br /> Transferre <br /> Fund Receiving Transfers Fund Making Transfers d <br /> $ <br /> General Fund Non-major Governmental Funds 250,000 �i� <br /> Capital Outlay Fund 691,432 �2� <br /> Internal Service Funds 57,268 �2� <br /> Capital Outlay Fund General Fund 7,999,483 �s� <br /> Redevelopment Agency Fund Non-major Governmental Funds 17,156 �s� <br /> Non-major Governmental Funds General Fund 2,280,726 �3� �a� �s> <br /> Capital Outlay Fund 558,777 �3� <br /> Redevelopment Agency Fund 1,743,671 �s� <br /> Non-major Governmental Funds 676,708 �s> �6> <br /> Parking Fund General Fund 1,108,715 �a� <br /> Internal Service Funds Water Utility Fund 41,059 �3> <br /> Total Interfund Transfers 15,424,995 <br /> The reasons for these transfers are set forth below: <br /> (1) Reimburse General Fund for expenditures incurred for maintenance in the Redwood Shores area. <br /> (2) Reimburse General Fund for interest earned by funds supported by the General Fund. <br /> (3) Allocation of funds to construct/purchase general capital assets. <br /> (4> Allocation of funds to support operations. <br /> �s� Transfer of amounts required to fund debt service payments. <br /> �6� Transfer of remaining balances from debt service funds to special revenue funds. <br /> 58 <br />