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CITY OF ORONO <br />Note 7. <br />NOTES TO FINANCIAL STATEMENTS (Continued) <br />December 31, 1989 <br />Note 6. DEFERRED REVENUE AND CREDITS (continued) <br />for the Improvements, which has been deferred In the Water and Sewer <br />Operating Funds, respectively, until the City determines the actual <br />amount to be assessed. <br />INDIVIDUAL FUND DISCLOSURES <br />A. Interfund Advances <br />Advances Advances <br />To From <br />General Fund <br />Permanent Improvement Revolving Fund <br />$ 96,706 $ <br />96,706 <br />$96,7% $ 96,706 <br />In 1988, the General Fund advanced $113,541 to the Permanent <br />Improvement Revolving Fund to pay the construction costs of the County <br />Road 15 screet light project. This advance Is considered a loan and <br />Is subject to repayment from the Permanent Improvement Revolving Fund <br />to the General Fund from special assessments levied against properties <br />determined to benefit from the project. Because of the long-term <br />nature of the advance, the fund balance has been reserved In the <br />General Fund for a corresponding amount. In 1989, $16,835 was <br />collected and applied to the advance. <br />B. Interfund Receivables and Payables at Year-End <br />Interfund Interfund <br />Receivables Payables <br />General Fund <br />Debt Service Funds - <br />$ 553 $43,208 <br />1985 Improvement Fund <br />Capital Project Funds - <br />Permanent Improvement <br />33,855 <br />—Revolving Fund <br />Enterprise Funds - <br />8,135 <br />■ <br />-Water Operating Fund -7,329 <br />Sewer Operating Fund 8,547 553 <br />-$51,090 $51,090 <br />-41-