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6.1 B <br /> Page 81 <br /> NOTE 12 — INTERFUND TRANSFERS AND TRANSACTIONS <br /> A. Transfers <br /> The following interFund transfers were made during the year: <br /> Fund Receiving Transfers Fund Making Transfers Amount Transferred <br /> General Fund Non-major Governmental Funds $ 788,705 �1� �6� ' <br /> Capital Outlay Fund 532,742 � <br /> Internal Seroice Funds 44,290 jz � <br /> Capital Outlay Fund General Fund 7,420,575 � <br /> Non-major Governmental Funds 100,000 � <br /> Non-major Governmental Funds General Fund 13,296,314 �3i �a� �s� <br /> Capital Outlay Fund 2,541,571 � <br /> Redevelopment Agency Fund 2,855,161 j5 � <br /> Low and Moderate Income Housing Fund 1,076,557 � <br /> Parking Fund General Fund 978,527 � <br /> Internal Service Funds Water Utility Fund 14,818 � <br /> Sewer Utility Fund 5,954 � <br /> Parking Fund 40,104 �'� <br /> Internal Service Funds 374,569 �'� <br /> Total Interfund Transfers $ 30,069,887 <br /> The reasons for these transfers are set forth below: <br /> � Reimburse General Fund for expenditures incurred for maintenance in the Redwood Shores area. <br /> � Reimburse General Fund for interest earned by funds supported by the General Fund. <br /> � Allocation of funds to construct/purchase general capital assets. <br /> � Allocation of funds to support operations. <br /> j5 � Transfer of amounts required to fund debt service payments. <br /> � Transfer of remaining balances from debt service funds. <br /> �'� Allocation of net OPEB obligation to participating funds. <br /> 8. Long Interfund Loans <br /> Fund Receiving Advance Fund Making Advance Amount of Advance <br /> Redevelopment Agency Fund Capital Outlay Fund $ 2,645,939 <br /> Low and Moderate income Housing fund 2,812,838 <br /> Sewer Utility Fund Water Utility Fund 416,667 <br /> Capital Outlay Fund Self Insurance Fund 1,500,000 <br /> Total Long-Term Interfund Loans $ 7,375,444 <br /> During FY 2004/05, the capital outlay fund advanced $3,000,000 to the redevelopment agency fund to <br /> finance various downtown improvements. During FY 2008/09 the redevelopment agency repaid <br /> $115,622 of the advance, and during FY 2009/10 the redevelopment agency repaid $238,439. During FY <br /> 2006/07 the water utility fund advanced $2,500,000 to the sewer utility fund to cover the unanticipated <br /> increase in the capital replacement fund needs of the South Bayside System Authority. During FY <br /> 2007/08 the sewer utility fund repaid $416,667 of the advance, $833,333 in FY 2008/09, and $833,333 in <br /> FY 2009/10. During FY 2008/09, the self insurance fund advanced $2,500,000 to the capital <br /> 58 <br />