Regular periodic transfers of resources raised by one fund to another fund that is to use the resources are classified as "interfund transfers."

Name: Regular periodic transfers of resources raised by one fund to another fund that is to use the resources are classified as "interfund transfers."
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Question

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The regular recurring transfer does not result in an expenditure to the transferor fund nor a revenue to the transferee fund. Rather these items are reported as other financing uses and sources.

Regular Periodic Transfers of Resources Raised by One Fund to Another