5. Interfund Balances

City Commission · 2026-05-13 · agenda_item

This item concerns the City of Winter Park's financial reporting for interfund balances as of September 30, 2025. It details temporary loans between city funds to cover cash shortages and advances made for improvements to Ward Park and Mead Gardens. These advances are scheduled to be repaid over the next six years. The agenda item is currently under review as part of the city's financial statement process. The work related to this item involves financial accounting and reporting, with potential future implications for capital project funding and repayment schedules. Local businesses involved in financial services, accounting, and potentially construction or engineering firms that may have worked on the park improvements could find opportunities in understanding these financial flows and future repayment obligations. Engaging early with city finance departments could provide insights into upcoming needs or project phases.

General Fund Due From Other Funds

3,179,066 $

General Fund Due To Other Funds

0 $

Capital Projects Fund Due From Other Funds

1,680,000 $

Water and Sewer Fund Due From Other Funds

1,680,000 $

Nonmajor Governmental Funds Due To Other Funds

3,179,066 $

Total Due From Other Funds

4,859,066 $

Total Due To Other Funds

4,859,066 $

Repayment period for advances

six years