Comprehensive Annual Financial Report FY 2016

F. Interfund Receivables, Payables and Transfers The following is a schedule of interfund receivables and payables and due to/from primary government and component units at June 30, 2016: 1. Internal Receivables/Payables:

Housing

General Capital

Partnership

General

Revolving Improvement II

Fund

Fund

Fund

Total

Receivable By: General Fund

$

150,910

$

$

$

150,910

Non-Major Governmental Funds

1,340,420 1,340,420

11,000 1,351,420

Total

$

150,910

$

$

11,000

1,502,330 $

Current Payable From: Non-Major Governmental Funds: Community Development

$

$

913,420

$

$

913,420 55,000 427,000 95,910 11,000

State Highway Allocation

55,000

HOME Program

427,000

Workforce Investment Act

95,910

Street & Sidewalk Capital Project

11,000 11,000

Total

$

150,910

$

1,340,420

$

1,502,330 $

2. Due To/FromPrimary Government andComponent Unit:

Receivable By: General Fund

Payable From: Component Unit - ABC Board

$

968,875

Internal receivables and payables were recorded due to timing lags in receipt of funds from outside parties. Current internal balances represent amounts advanced to the Community Development Block Grant Fund ($913,420), State Highway Allocation ($55,000), Home Program Fund ($427,000), Workforce Investment Act ($95,910) and the Street and Sidewalk Capital Project Fund ($11,000) pending reimbursement receipts from grantor agencies in the next fiscal year.

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