Page 73
An analysis of debt service requirements to maturity on these governmental activities obligations follows, assuming current interest rate remain the same:
General Obligation Debt Note Payable
Principal Interest Total Principal Interest Total
2026 $ 4,770,000 $ 1,381,169 $ 6,151,169 2026 $ 57,143 $ 6,859 $ 64,002
2027 4,850,000 1,296,177 6,146,177 2027 57,143 6,859 64,002
2028 4,855,000 1,203,723 6,058,723 2028 57,143 6,859 64,002
2029 4,950,000 1,109,325 6,059,325 2029 57,143 6,859 64,002
2030 5,055,000 1,005,469 6,060,469 2030 57,143 6,859 64,002
2031-2035 22,005,000 3,030,409 25,035,409 2031-2035 - - -
2036-2040 9,340,000 600,441 9,940,441 2036-2040 - - -
2041 555,000 16,650 571,650 2041 - - -
$ 56,380,000 $ 9,643,363 $ 66,023,363 $ 285,715 $ 34,295 $ 320,010
NOTE 11: INTERFUND TRANSFERS
Interfund “transfers in” and “transfers out” are as follows:
| Transfers In | Transfers Out | |
|---|---|---|
| General Fund | $ 1,512,264 | $ 5,520,786 |
| Children and Youth | 2,015,361 | - |
| 911 Fund | 1,262,415 | - |
| Nonmajor Governmental Funds | 2,242,471 | 1,511,725 |
| Total Governmental Fund Types | $ 7,032,511 | $ 7,032,511 |
Transfers from the General Fund are used to move unrestricted revenues to finance various programs that the government must account for in other funds in accordance with budgetary and legal authorizations, including amounts as subsidies or matching funds for various grant programs.