AgdaPkt 2012-01-09 - Laserfiche WebLink

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6.1. B. - Page 85 NOTE 11— FUNDS WITH EXPENDITURES EXCEEDING APPROPRIATIONS �CONTINUED) Department also exceeded appropriations as the actual overtime paid exceeded the budgeted overtime. Sufficient revenues were available to fund these expenditures. The budgetary expenditures exceeded appropriations in the Traffic Safety Fund primarily due to increased electricity costs for street lights, traffic signals, lighted pedestrian crosswall<s and unanticipated street light repairs. Sufficient revenues were available to fund these expenditures. The budgetary expenditures exceeded appropriations in the 2003 Tax Allocation Bonds Fund due to unbudgeted administrative fees associated with bond administration. Sufficient revenues were available to fund these expenditures. NOTE 12 — INTERFUND TRANSFERS AND TRANSACTIONS A. Transfers The following interfund transfers were made during the year: Fund Receiving Transfers Fund Making Transfers Amount Transferred General Fund Non-major Governmental Funds $ 250,000 � Capital Outlay Fund 284,494 � Internal Service Funds 20,770 � Capital Outlay Fund General Fund 8,512,982 � Non-major Governmental Funds General Fund 973,555 (3) (4) Capital Outlay Fund 1,012,000 � Redevelopment Agency Fund 1,862,063 � Low and Moderate Income Housing Fund 372,339 � Parl<ing Fund General Fund 783,407 � Internal Service Funds Sewer Utility Fund 54,364 � Internal Service Funds 5,000 � Total Interfund Transfers $ 14,130,974 The reasons for these transfers are set forth below: � Reimburse General Fund for expenditures incurred for maintenance in the Redwood Shores area. � Reimburse General Fund for interest earned by funds supported by the General Fund. � Allocation of funds to construct/purchase general capital assets. � Allocation of funds to support operations. � Transfer of amounts required to fund debt service payments. � Transfer of land held for redevelopment. 59