2009 Comprehensive Annual Financial Report - Apex Park and ...

IV.
Detailed Notes on All Funds (continued)
The District operates under a pooled cash and investment environment. The composition of
interfund balances as of December 31,2009, is as follows:
Due to/from other funds:
Receivable Fund Payable Fund Amount
Debt General $ 149,734
Conservation Trust General $ 413,425
Capital Project General $ 939,831
Golf General $ 99,927
Apex General $ 716.328
Total
~2,JI2,245
Transfers are indicative of funding for capital projects and subsidies of various District
operations. The following schedule summarizes the District's transfer activity for the year
ending December 31, 2009.
Fund Transfer Transfer Capital Capital
Ql!! In Out In
Conservation $102,013
Capital Project $196,549
Apex $222,279
Golf $671,500 $ 76,283
General $671,500
Total $671,500 $671.500 $228562 $228,562
E.
Prol!rietaa Fund Budgets
Colorado revised statutes require a comparison of actual figures with budgeted figures for
each fund for which a budget has been prepared. The District prepares its proprietary fund
budgets using a budgetary basis of accounting, which differs from GAAP. Depreciation
expenses are not budgeted. Capital outlays and principal payments on long-tenn debt are
included in the budget.
The Colorado State Statutes require local governments to adopt budgets for proprietary funds.
The Apex and Golf "Schedule of Revenue, Expenditures, and Changes in fund balances -
Budget and Actual" - are presented on pages D-2 and D-3.
C-15