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CITY OF PLEASANTON <br /> <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2022 <br /> <br />  <br />Note 4: Interfund Transactions <br /> <br />a. Interfund Receivables/Payables <br /> <br />The composition of interfund balances as of June 30, 2022, is as follows: <br /> <br />Due to/from Other Funds <br /> <br />As of June 30, 2022, the General Fund provided $130,113 to the HOME Program <br />Special Revenue Fund, $41,942 to the HBPOA Maintenance District Special Revenue <br />Fund, $1,150 to the Transit Fund Enterprise Fund and $15,350 to the Retiree Insurance <br />Reserve Internal Service Fund. These transactions represent short-term transfers to funds <br />with negative cash balances at June 30, 2022. <br /> <br />Due From Other Funds Due to Other Funds Amount <br />General Fund Non-Major Governmental Funds 172,055$ <br />General Fund Non-Major Enterprise Funds 1,150 <br />General Fund Internal Service Funds 15,350 <br />188,555$ <br /> <br />Long-Term Advances <br /> <br />On April 17, 2015, the Replacement/Renovation Internal Service Fund advanced <br />$2,000,000 to the Park Capital Improvement Program Capital Projects Fund to be used <br />for costs associated with the Bernal Community Park Phase II Lighted Multi-Purpose <br />Sports Fields project. The advance was scheduled to be repaid through private fundraising <br />efforts within ten years after the park’s opening date of October 6, 2016. However, due to <br />the COVID-19 Pandemic and the Alameda County Shelter-in-Place (SIP) Order in <br />mid-March 2020, the City granted a two-year payment reprieve and a two-year repayment <br />extension to the sports groups and members of the Play Bernal Fundraising Campaign. <br />The repayment date has been extended to October 2028. The outstanding amount as of <br />June 30, 2022, was $430,987. <br /> <br />On June 7, 2017, the City Council approved an advance from the General Fund to the <br />Cemetery Enterprise Fund totaling $500,000. In FY 2018/19, the funding was advanced to <br />the Cemetery Fund to help establish the Pleasanton Pioneer Master Plan Implementation <br />Reserve Fund. The General Fund currently provides a $50,000 subsidy to the Cemetery <br />Fund. Once the Cemetery operating revenues are sufficient to cover operating expenses <br />without requiring a subsidy, the Cemetery Fund will begin to repay the interfund loan. As <br />of June 30, 2022, the entire amount was outstanding. <br />76