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City of Orono, Minnesota <br />Notes to the Financial Statements <br />December 31, 2019 <br />Note 3: Detailed Notes on All Funds (Continued) <br />C. Construction Commitments <br />The City has the following construction commitments at December 31, 2019 as follows: <br />Spent Remaining <br />to Date Commitment <br />2019 Street Improvements 1,054,997$ 146,242$ <br />Baderwood Park Improvement 247,487 75,295 <br />2019 Sewer CIPP 19-013 99,840 107,430 <br />Project <br />D. Interfund Receivables, Payables and Transfers <br />The composition of interfund balances at December 31, 2019 is as follows: <br />Purpose Amount <br />General Fund Pavement Management Plan To provide cash flows 139,504$ <br />General Fund Municipal State Aid Street To provide cash flows 2,536,494 <br />Total 2,675,998$ <br />Payable FundReceivable Fund <br />The City made transfers during the fiscal year 2019 as shown and described below: <br />Pavement Municipal <br />Management State Aid Nonmajor <br />Plan Street Governmental Water Total <br />Transfer Out <br />General 717,000$ -$ 400,000$ 4,339$ 1,121,339$ <br />Pavement Management Plan - 239,917 - - 239,917 <br />Nonmajor Governmental - - 156,357 - 156,357 <br />Water - - 55,000 - 55,000 <br />Sewer - - 110,000 - 110,000 <br />Total 717,000$ 239,917$ 721,357$ 4,339$ 1,682,613$ <br />Transfer In <br />The General fund transferred $717,000 to the Pavement Management Plan to transfer excess funds over the <br />City’s fund balance policy. <br />The Pavement Management Plan transferred $239,917 to the Municipal State Aid Street fund to finance capital <br />improvement projects. <br />The General fund and other Nonmajor Governmental funds transferred $400,000 and $156,357, respectively, to <br />the Nonmajor Governmental funds for future capital purchases and to close debt service funds. <br />The Water and Sewer funds transferred $55,000 and $110,000, respectively, to the Nonmajor Governmental <br />funds for future debt service and capital funding. <br />General Fund Municipal State Aid Street To provide cash flowsGeneral Fund Municipal State Aid Street To provide cash flows <br />The City made transfers during the fiscal year 2019 as shown and described below:The City made transfers during the fiscal year 2019 as shown and described below: <br />Pavement MunicipalPavement Municipal <br />ManagementManagement State AidState Aid NonmajorNonmajor <br />Transfer InTransfer In <br />73