Meeting Date: November 13, 2014
Agenda Item #11
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Note 5 -Interfund Receivables and Payables
Interfund receivables and payables consist of short-te1m loans resulting from regular transactions. These loans are expected to be repaid as soon as the borrowing fund has cash, and carry an interest rate equal to the rate earned on pooled cash.
Individual fund interfund receivables and payables balances as of June 30, 2014 are as follows: