CAFR 2016

3. Interfund Transfers:

Non-Major

Internal Service

General

Governmental

Fund

Funds

Funds

$

(30,077,668)

$

(10,600,209)

$

(408,503)

Transfers From:

Transfers To: General Fund

$

$

6,886,642

$

53,000

Debt Service Fund

18,272,570 2,779,307 2,500,000 1,805,777 4,720,014 30,077,668

Non-major Governmental Funds

2,656,249

300,000

Enterprise Funds:

War Memorial Coliseum Solid Waste Management

1,057,318

Internal Service Funds

55,503 408,503

Total

$

$

10,600,209

$

Water

Stormwater Management

Resources

Fund

Fund

Total

$

(1,025,000)

$

(687,600)

$

(42,798,980)

Transfers From:

Transfers To: General Fund

$

$

$

6,939,642 18,272,570 7,448,156 3,557,318 1,805,777 4,775,517 42,798,980

Debt Service Fund

Non-Major Governmental Funds

1,025,000

687,600

Enterprise Funds:

War Memorial Coliseum Solid Waste Management

Internal Service Funds

Total

$

1,025,000

$

687,600

$

Transfers are used to move unrestricted revenues to finance various programs that the government must account for in other funds in accordance with budgetary authorizations, including amounts provided as matching funds for various grant programs. The Greensboro ABC Board transferred $3,634,041 to the General Fund in Fiscal Year 2016, which was recorded as Intergovernmental Revenue. The Greensboro Transit Authority transferred $17,670 to the State and Federal Grants fund in Fiscal Year 2016, which was recorded as an expense in the GTA Fund and revenue to the State and Federal Grants Fund.

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