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City of Orono, Minnesota <br />Notes to the Financial Statements <br />December 31, 2020 <br /> <br />Note 3: Detailed Notes on All Funds (Continued) <br /> <br />Depreciation expense was charged to programs of the business-type activities as follows: <br /> <br />Business-type Activities <br />Water 208,694$ <br />Sewer 348,371 <br />Golf Course 60,179 <br />Cable 11,586 <br />Total Depreciation Expense - Business-type Activities 628,830$ <br /> <br />C. Interfund Receivables, Payables and Transfers <br /> <br />The composition of interfund balances at December 31, 2020 is as follows: <br /> <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 2020 as shown and described below: <br /> <br />Transfer In <br />Nonmajor <br />Governmental <br />Transfer Out <br />General 400,000$ <br />Water 55,000 <br />Sewer 115,000 <br />Total 570,000$ <br /> • The General fund transferred $400,000 to the Nonmajor Governmental funds for future capital purchases and to <br />support debt service funds. <br /> <br />• The Water and Sewer funds transferred $55,000 and $11 5,000, respectively, to the Nonmajor Governmental funds <br />for future debt service and capital funding. <br /> <br />