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<br />NOTE 12 - INTERFUND TRANSFERS AND TRANSACTIONS <br /> <br />A. <br /> <br />Transfers <br /> <br />The following interfund transfers were made during the year: <br /> <br />Fund Receiving Transfers <br /> <br />General Fund <br /> <br />Special Revenue Funds <br />Traffic Safety Fund <br />Special Gas Tax Street Improvement Fund <br /> <br />Grants Fund <br />Redevelopment Agency Fund <br /> <br />Capital Project Funds <br />Capital Outlay Fund <br /> <br />Debt Service Funds <br />Public Financing Authority Bonds Fund <br />1997 Tax Allocation Refunding Bonds Fund <br /> <br />2003 Tax Allocation Bonds Fund <br />1998 City Hall Lease Revenue COPs Fund <br /> <br />Internal Service Funds <br />Self- Insurance Fund <br /> <br />Total Interfund Transfers <br /> <br />Fund Making Transfers <br /> <br />Redwood Shores Maintenance Fund <br />Capital Outlay Fund <br />Internal Services Fund <br /> <br />General Fund <br />Capital Outlay Fund <br />General Fund <br />General Fund <br />2003 Tax Allocation Bonds Fund <br /> <br />General Fund <br />Water Utility Fund <br />Sewer Utility Fund <br /> <br />Capital Outlay Fund <br />Redevelopment Agency Fund <br />Redevelopment Agency Low and Moderate <br />Income Housing Fund <br />Redevelopment Agency Fund <br />General Fund <br /> <br />Internal Services Fund <br /> <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 general capital assets. <br />(4) Allocation of funds to support operations. <br />(5) Transfer City's matching amounts required pursuant to grant agreements. <br />(6) Transfer of amounts required to fund debt service payments. <br />(7) Transfer proceeds of Public Financing Authority Refunding Bonds to the debt service fund. <br />(8) Transfer proceeds of Tax Allocation Bonds to the debt service fund. <br /> <br />51 <br /> <br />Amount <br />Transferred <br />$ <br />140,000 (1) <br />585,943 (2) <br />65,695 (2) <br /> <br />1,010,130 (4) <br />629,000 (3) <br />21,000 (3) <br />11 ,765 ( 5) <br />10,857 (3) <br /> <br />5,134,879 (3) <br />24,389 (3) <br />15,147 (3) <br /> <br />7,089,573 (7) <br />1,144,219 (6) <br /> <br />286,055 (6) <br />1,039,052 (8) <br />155,287 (6) <br /> <br />1,450,000 (4) <br />18,812,991 <br />