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NOTES TO THE FINANCIAL STATEMENTS (Continued)
<br /> Interfund Transfers are reconciled as follows:
<br /> Transfers Transfers
<br /> In Out
<br /> General Fund $ 16,913,664 $ 10,670,941
<br /> Special Revenue Funds 293,200 12,089,409
<br /> Capital Project Funds 41,000,108. 17,219,464
<br /> Debt Service Funds 3,194,483 18,771,956
<br /> Enterprise Funds 90,000
<br /> Agency Funds 2,739,685
<br /> Total $ 61,491,455 $ 61,491,455
<br /> Equity transfers are reconciled as follows:
<br /> Equity Equity
<br /> Transfer In Transfer Out
<br /> General Fund $ 7,400,000 $
<br /> Internal Service Fund 7,400,000
<br /> Total $ 7,400,000 $ 7,400,000
<br /> The equity transfer out from the Water Utility Fund of$89,966 was recorded as Contributed Capital
<br /> in the Equipment Replacement Fund.
<br /> 3C. Interagency Long-Term Debt. As explained in Note IA, the long-term debt between the City
<br /> and its component units has been eliminated in this report. During the year the Redevelopment
<br /> Agency has repaid $8,778,107 principal and $1,948,857 interest to the City and the City has
<br /> advanced $19,837,527 to the Redevelopment Agency. Interest at 6.5953 percent totalling
<br /> $3,745,446 was added to the amount owing for the year. At June 30, 1993, interagency loans
<br /> (including interest) were as follows:
<br /> Loans Loans
<br /> Receivable Payable
<br /> City of Santa Ana $ 73,967,738 $
<br /> Redevelopment Agency:
<br /> Downtown Project 38,345,920
<br /> Intercity Project 19,409,017
<br /> North Harbor Project 2,710,206
<br /> South Harbor Project 1,345,952
<br /> South Main Project 1,032,637
<br /> Bristol Corridor 11,124,006
<br /> Total $ 73,967,738 $ 73,967,738
<br /> The debt of the Redevelopment Agency owing the City has been subordinated to all other
<br /> Redevelopment Agency long-term debt and is payable principally from tax increment
<br /> revenues to be generated within the project areas.
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