These balances result from the time lag between the dates interfund goods and services are provided and reimbursable expenditures occur, transactions are recorded in the accounting system and payments between funds are made.
The detail of interfund transfers for the year ended June 30, 2023 is as follows:
| Transfer to | Transfer from | Amount |
|---|---|---|
| General Fund | ARPA Debt Service | $ 10,000,000\n2,000 |
| 10,002,000 | ||
| Secondary Roads | Rural Services | 4,797,272 |
| Nonmajor Governmental Funds | General Fund Rural Services | 250,000 75,000 |
| 325,000 | ||
| Sunnycrest Operations | General Fund | 2,324,551 |
| $ 17,448,823 |
Transfers generally move resources from the fund statutorily required to collect the resources to the fund statutorily required to expend the resources. The transfer to Sunnycrest Operations Fund represents an operating subsidy from the General Fund.
The County has made funds available for interest-free loans to rural Dubuque County fire departments and EMS services to purchase fire protection and life support equipment through the County Assistance Fund. These amounts are to be repaid to the County in annual installments. The balance of these notes receivable at June 30, 2023 was $370,000.
The County has guaranteed receivables through the Rural Economic Development Intermediary Relending Program with four loans to businesses located in Dubuque County, totaling $181,588 at June 30, 2023. The loans are accounted for in the Rural Economic Development Fund and mature in varying amounts through June 30, 2032.
The County has made an interest-free loan to the City of Rickardsville for a sewer relocation project. This amount is to be repaid to the County in annual installments. The balance of this note receivable at June 30, 2023 was $46,000.
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