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Cabarrus County, North Carolina <br />Notes to the Financial Statements <br />For the Year Ended June 30, 2012 <br />L. Interfund Balances and Activity <br />Transactions between funds are accounted for as follows: <br />1) Transactions which would be treated as revenues, expenditures, or expenses if they involved <br />organizations external to the County are recorded as revenues, expenditures or expenses in <br />the appropriate funds. <br />2) Transactions which are reimbursements to a fund for expenditures or expenses initially made <br />from it that are properly applicable to another fund are recorded as expenditures or expenses <br />in the reimbursing fund and as reductions of the expenditures or expenses in the appropriate <br />funds. <br />3) All transactions other than those in 1) and 2) above are recorded as transfers. <br />The composition of interfund balances as of June 30, 2012 is as follows: <br />Transfers to and from other funds at June 30, 2012 consists of the following: <br />To the General Fund from the Parks & Recreation Special Revenue <br />Fund for the completion/close out of the Special Revenue Fund. $93 <br />To the General Fund from the Small Project Capital Projects Fund for <br />the completion/close out of the HAVA Stop Grant program.7,246 <br />To the General Fund from the Emergency Telephone System Special <br />Revenue Fund for debt service payment.136,623 <br />To the General Fund from the Emergency Telephone System Special <br />Revenue Fund for the salary and benefits of a GIS mapping <br />employee.77,513 <br />To the General Fund from the Justice Center Construction Capital <br />Projects Fund for debt service payment.213,208 <br />To the General Fund from the Justice Center Construction Capital <br />Projects Fund for completion/close out of the Housing Unit project.785,821 <br />To the General Fund from the Construction and Renovation Capital <br />Projects Fund for the completion/close out of the Mini Governmental <br />Complex project.1,738,723 <br />To the General Fund from the School Construction Capital Projects <br />Fund for the completion/close out of school projects. 584,691 <br />64 <br />