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City of San Leandro <br />Notes to Basic Financial Statements <br />For the year ended June 30, 2012 <br /> <br /> <br />62 <br /> <br /> <br />NOTE 5 - INTERFUND TRANSACTIONS, Continued <br /> <br />Fund Financial Statements, Continued <br /> <br />D. Transfers,continued <br /> <br />The City Council authorized transfers from the General Fund to various funds for fiscal year 2011-2012 to the <br />following accounts and projects: <br /> <br />Capital Improvement Fund 50,000$ Fund Various Street Improvement Projects <br />PEG Fund 180,907 Communication Tower <br />Environmental Service Fund 67,942 Refuse Contract <br />298,849$ <br /> <br />E. Internal Balances <br /> <br />Internal balances are presented only in the government-wide financial statements. They represent the net interfund <br />receivables and payables remaining after the elimination of all such balances within government and business-type <br />activities.