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At December 31, 2025, the Town reported the following encumbrances: • Encumbrance for General Fund Purchases —Represents amounts, $4,411, for the purchase of a building code design and construction document, radio for the emergency manager and other small office supplies purchases as agreed upon by board resolution or purchase order. • Encumbrance for Highway Equipment —Represents amounts, $178,476, for the purchase of a highway pickup truck with plow and dump box as agreed upon by board resolution. • Encumbrance for Ambulance Equipment —Represents amounts, $137,664, for the remaining payments on the purchase of a gas-powered Ambulance as agreed upon by board resolution. The Town considers encumbrances significant if they are in excess of $10,000. Significant encumbrances as of December 31, 2025 are listed below: Amount Fund Purpose Encumbered Highway Highway Pickup Truck with Plow & Dump Box $ 178,476 Total Highway Fund $ 178,476 Ambulance Gas-Powered Ambulance - 2nd half of contract $ 137,664 Total Ambulance Fund $ 137,664 15. INTERFUND ACTIVITY Interfund receivables and payables are short-term in nature and exist because of temporary advances or payments made on behalf of other funds. The composition of interfund balances as of December 31, 2025 is as follows: Interfund Fund Receivables Payables Governmental funds: General Fund $ 28,896 $ - Capital Projects Fund - 28,896 Total $ 28,896 $ 28,896 The outstanding balances between funds result from payments made on behalf of other funds or temporary advances. All of these balances are expected to be collected/paid within the subsequent year. - 111 -