HomeMy WebLinkAboutNC Comprehensive Report (Finance) (47)CITY OF NATIONAL CITY
Notes to the Basic Financial Statements
(Continued)
(2) Cash and Investments, (Continued)
Kimball Towers
• Residual receipts reserve of $307,440 is an accumulation of surplus cash
as calculated by HUD's Computation of Surplus Cash, Distributions and
Residual Receipts, which can be expended only with HUD's approval.
• Other restricted cash and investments totaling $910,397 are included in the
accompanying basic financial statements.
(3)
Interfund Transactions
Due To/From Other Funds
Interfund balances are primarily related to short-term borrowings to cover deficit cash
balances. Interfund receivable and payable balances at June 30, 2012 are as follows:
Due From Other Funds
General Fund
General Fund
Interfund Transfers
For the year ended June 30, 2012,
Transfers In
General Fund
General Fund
General Fund
Total General Fund
RDA Debt Service Fund
RDA Capital Project Fund
Other Governmental Funds
Other Governmental Funds
Total RDA Capital Project Fund
Internal Service Funds
Total
Due To Other Funds
Other Special Revenue
Nonmajor Other Governmental
interfund transfers were as follows:
Amount
$ 716,584
900,077
$1,616,661
Transfers Out Amount
Other Special Revenue Fund 50,000 (a)
Other Governmental Funds 890,593 (b)
Internal Service Funds 278,889 (c)
1,219,482
Low and Moderate Income
Housing Program Fund 2,033,667 (d)
RDA Debt Service Fund 1,800,000 (e)
General Fund 712,421 (f)
Other Governmental Funds 1,251,857 (g)
1,964,278
Internal Service Funds 181,915 (h)
S7,199,342
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