Distrito Escolar del - Osceola County School District

15. INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS
The following is a summary of interfund receivables and payables reported in the fund financial statements:
Funds
Interfund
Receivables Payables
Major:
General $ 4,167,306 $ 17,243
Special Revenue:
Other Federal Programs - 1,019,577
ARRA Economic Stimulus - 95,569
Capital Projects:
Other - 20,373
ARRA Economic Stimulus - 1,524,015
Nonmajor Governmental - 1,211,361
Internal Service - 188,113
Agency 17,243 108,298
Total $ 4,184,549 $ 4,184,549
The interfund amounts represent temporary loans to cover expenditures incurred prior to reimbursement
from outside sources. Agency fund payables represent fees collected on behalf of the School District which
were not remitted until after year end. These amounts are expected to be repaid within one year.
The following is a summary of interfund transfers reported in the fund financial statements:
Funds
Interfund
Transfers In Transfers Out
Major:
General $ 14,595,122 $ -
Debt Service:
ARRA Economic Stimulus 340,521 -
Capital Projects:
Other 2,707,852 11,823,999
Nonmajor Governmental 17,994,111 23,813,607
Total $ 35,637,606 $ 35,637,606
The major transfers out of the Capital Projects funds were to provide debt service principal and interest
payments and to assist in funding maintenance operations of the District. The remaining transfers between
funds were operational in nature.
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