The following schedule details the amount of fund balances available at the end of the current year and four previous years and the amounts utilized in the subsequent year's budgets:
| Balance December 31, | Utilized in Budget of Succeeding Year | Percentage of Fund Balance Used | |
|---|---|---|---|
| Year | $ 11,451,712.79 | $ 3,703,000.00 | 32.34% |
| Current Fund: | $ 9,775,978.70 | $ 3,703,000.00 | 37.88% |
| 2016 | 7,314,403.71 | 2,785,000.00 | 38.08% |
There are no significant components of receivable and payable balances reported in the financial statements.
The following interfund balances were recorded in the various statements of assets liabilities, reserves and fund balances at December 31, 2018:
| Fund | Interfund Receivable | Interfund Payable |
|---|---|---|
| Current Fund | $ 1,189.21 | $ 1,084,530.02 |
| State and Federal Grant Fund | 1,084,108.11 | - |
| Trust Other Fund | 421.91 | 1,189.21 |
| $ 1,085,719.23 | $ 1,085,719.23 |
The interfund receivables and payables above predominately resulted from payment made by certain funds on behalf of other funds. All interfund balances are expected to be repaid within one year.
A summary of interfund transfers is as follows:
| Transfers | Transfers | |
|---|---|---|
| Fund | In | Out |
| Current Fund | $ 2,477,316.86 | $ 1,848,497.93 |
| State and Federal Grant Fund | 1,409,965.76 | 2,022,277.51 |
| Animal Control Trust | - | 15,061.67 |
| Trust Other Fund | 438,532.17 | 439,977.68 |
| $ 4,325,814.79 | $ 4,325,814.79 |
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