Interfund Transfers

Interfund Transfers are transfers into the General Purpose Fund (GPF) from other funds. Transfers from fund balance are one-time transfers necessary when expenses outpace revenues in any given year. These transfers are implemented on an as-needed basis and are only an option when unallocated fund balance is available. The forecast anticipates interfund transfers to come in at $12.8 million in FY 2023-24 and at $3.2 million in FY 2024-25.