CITY OF LAGUNA NIGUEL NOTES TO BASIC FINANCIAL STATEMENTS JUNE 30, 2024 NOTE 6 INTERFUND ACTIVITY (CONTINUED) A. Due From and To Other Funds (Continued) balances are short-term in nature and are expected to be repaid within one All interfund year. The Community Development Block Grant Special Revenue Fund had a negative ce at June 30, 2024. This amount has been reclassifi cash balan ed as interfund receivables/payables for financial statement purposes. B. Transfers In and Out Transfers In Governmental Funds City Capital Transfers Out Projects Total Governmental Funds: General Fund $ 3,625,099 $ 3,625,099 Miscellaneous Grants Special Revenue Fund 2,790,751 2,790,751 Nonmajor Governmental Funds 5,245,297 5,245,297 Total $ 11,661,147 $ 11,661,147 Transfers fr om General Fund, Miscellaneous Grants Special Revenue Fund and Nonmajor Governmental Funds to the City Capital Projects Fund in the amount of $11,661,147 were to cover capital project expenditures during the fiscal year. These projects are approved through the annual budget process and each project is approved with identified funding sources. NOTE 7 LONG-TERM LIABILITIES Summary of changes in long-term liabilities for the year ended June 30, 2024 is as follows: Balance Balance Due Within Due in More July 1, 2023 Additions Deletions June 30, 2024 One Year Than One Year Governmental Activities: Subscription Payable $ - $ 167,088 $ 167- $ ,088 $ 122,898 $ 44,190 Leases Payable 270,521 - 184(86,222) ,299 86,222 98,077 Compensated Absences 795,561 428,589 647(576,710) ,440 498,524 148,916 Total Governmental Activities $ 1,066,082 $ 595,677 $ (662,932) $ 998,827 $ 707,644 $ 291,183 (57)