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<br />CITY OF LA PORTE, TEXAS
<br />Notes to the Financial Statements
<br />September 30, 2008
<br />7. Interfund Receivables, Payables and Transfers
<br />
<br />Interfund transfers during the year ended September 30, 2008 were as follows:
<br />
<br />Transfer In:
<br />
<br />Transfer out:
<br />
<br />General
<br />Fund
<br />
<br />Other
<br />Capital Governmental
<br />Projects Funds
<br />
<br />Other Internal
<br />Utility Enterprise Service
<br />Fund Funds Funds
<br />
<br />Totals
<br />
<br />General fund
<br />Other governmental funds
<br />Utility fund
<br />La Porte Area water authority fund
<br />Other enterprise funds
<br />Internal service funds
<br />
<br />$ - $3,465,589 $
<br />1,293,156
<br />
<br />370,000
<br />59,327
<br />
<br />3,464 $ 46,024 $ 17,999 $ 711 ,481 $
<br />1,847,046 116,500
<br />586,705 78,664
<br />2,151
<br />33,717
<br />22,521
<br />
<br />4,244,557
<br />3,256,702
<br />1,035,369
<br />61,478
<br />33,717
<br />22,521
<br />
<br />Total transfers out
<br />
<br />8,654,344
<br />
<br />Transfer of governmental capital assets
<br />to water and seHer capital assets
<br />
<br />4,482,977
<br />
<br />Total transfers in
<br />
<br />$ 13,137,321
<br />
<br />Transfers are used to 1) for general and administrative transfer from Utility Fund to the General Fund, 2)
<br />transfer to the Insurance Fund for liability insurance and worker's compensation, 3) annual transfers to fund
<br />capital projects, 4) annual transfers for debt service, 5) transfer from General Fund to La Porte Area Water
<br />Authority for an operator's agreement, 6) transfers to fund an employee incentive program and 7) transfer
<br />from Hotel/Motel to the Golf Fund for advertising expenditures. In the fund financial statements, total
<br />transfers in the amount of $13,137,321 are greater than transfers out in the amount of $8,654,344, because
<br />of the treatment of transfers of capital assets to the utility fund from governmental capital assets. Capital
<br />assets were transferred to the utility fund in the amount of $4,482,977. This amount was not reported in the
<br />governmental funds because it did not involve the transfer of financial resources. However the utility fund
<br />did report a transfer in for the capital assets transferred from governmental capital assets.
<br />
<br />In the year September 30, 2008, the government made the following one-time transfers:
<br />
<br />A transfer of $46,024 was made from the General Fund to the Utility Fund for the compensation study
<br />implementation. A transfer of $3,914 was made from the General Fund to the Sylvan Beach Fund for the
<br />compensation study implementation. A transfer of $1,424 was made from the General Fund to the
<br />Insurance Fund for the compensation plan implementation. A transfer of $135,000 was made from the
<br />General Fund to the Capital Projects Fund for a drainage study. A transfer was made from the General
<br />Fund to the Capital Projects Fund for the Sylvan Beach Shoreline Project for the amount of $330,589. A
<br />transfer of $3,000,000 was made from the General Fund to the Capital Projects for the construction of a
<br />municipal court building. A transfer of $120,600 was made from the Hotel/Motel Fund to the Capital Projects
<br />Fund for the Sylvan Beach Shoreline Project. A transfer of $700,000 was made from Section 4B to the
<br />Capital Projects Fund for the Sylvan Beach Shoreline Project. A transfer of $325,000 was made from 4B to
<br />Capital Projects Fund for the Gateway Enhancement Project. A transfer of $147,556 was made from 2000
<br />GO Bond Fund to Capital Projects Fund for additional projects. A transfer of $5,674 was made from the
<br />General Fund to the Technology Fund for implementation of the compensation study. A transfer for $17,043
<br />was made from the General Fund to Vehicle Maintenance Fund for implementation of the compensation
<br />study. A transfer for $14,085 was made from the General Fund to the Golf Course Fund for implementation
<br />of the compensation study. A transfer of $1,587 was made from the General Fund to the Hotel/Motel Fund
<br />for implementation of the compensation study. A transfer of $662,000 was made from the TIRZ fund to the
<br />2006 Certificates of Obligation to return a previous transfer. A transfer of $93,620 was made from the
<br />Community Investment Fund to the Hotel/Motel Fund for one half of budgeted main street operations. A
<br />transfer of $1,877 was made from General Fund to 4B for implementation of the compensation study. A
<br />transfer of $254,178 was made from Street Maintenance Sales Tax Fund to 4B for repayment of a loan in
<br />2007.
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