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15. INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS

The following is a summary of interfund receivables and payables reported in the fund financial statements:

Interfund


Funds

Receivables

Payables

Major Funds:



General

$ 13,557,889

$ 575,021

Capital Projects - Other

1,633,443

1,621,378

Special Revenue - Other Federal Programs Fund

-

6,251,963

Special Revenue - Federal Education Stabilization Fund

-

6,730,904

Internal Service Funds

-

12,066

Total

$ 15,191,332

$ 15,191,332


Interfund receivables and payables are temporary loans of cash between funds allowable under Section 1011.09(2), Florida Statutes, for a period of less than 13 months. The temporary loans do not restrict, impede, or limit implementation or fulfillment of the original purpose for which the monies were received in the fund providing the advancement. All amounts will be repaid within the 2021-2022 fiscal year.


The following is a summary of interfund transfers reported in the fund financial statements:



Transfers In







Debt Service -

Capital

Projects -

Nonmajor

Government

Internal

Service

Transfers Out

General Fund

Other Funds

Other Funds

al Funds

Funds


Total

General Fund

$ -

$ -

$ -

$ 270,521

$ 3,073,978


$ 3,344,499

Debt Service - Other Funds

-

-

-

604,246

-


604,246

Capital Projects - Other Funds

17,240,209

27,835,865

13,130,807

2,101,379

-


60,308,260

Nonmajor Governmental Funds

3,540,200

38,003,561

2,101,379

386,249

-


44,031,389

Internal Service Funds

403,400

-

-

-

1,304,804


1,708,204


Total


$ 21,183,809


$ 65,839,426


$ 15,232,186


$ 3,362,395


$ 4,378,782


$ 109,996,598


Interfund transfers of money represent permanent transfers of monies between funds. A portion of the transfers out of the Local Capital Improvement and Local Sales Tax – Capital Projects Fund was to provide debt service principal and interest payments. A portion of the transfers in to the



General Fund was for Charter Schools Grant and Capital Outlay funds. The remaining transfers were operational in nature.