Information related to transfer of resources from an Enterprise Fund to the General Fund – Updated June 21, 2022
WATER FUND
Purpose of Transfer:
The Water Fund charges the General Fund $25,000 for the water used on the parks
The Water Fund then returns the charge to the General Fund through a transfer of the same amount.
Enterprise Fund Accounting Data:
Cost accounting breakdown:
Administrative & Overhead costs allocated
| Wages | $35,000 |
| Benefits | $17,000 |
| Accounting and Auditing services | $13,000 |
| Telephone | $1,000 |
| Building lease | $6,000 |
Other none associated costs:
| Transfer to General Fund | $25,000 |
Specific Enterprise Fund Information:
| Transfer to General Fund | $25,000 |
| Percentage of total Enterprise Fund Expenditures | 6.70% |