Interfund transfers are permanent movements of amounts between fund groups to be used for the objectives of the fund group receiving the transfer. There are two types of transfers:

1. Mandatory Transfers
   
   Mandatory transfers include transfers from Current Funds to other fund groups resulting from:
   
   
   1. Binding legal agreements relating to the financing of the educational plant.
      
      
   2. Grant agreements with agencies of the federal government and other governmental or private organizations to match gifts and grants to loan and other funds. Mandatory transfers may be required to be made from either unrestricted or restricted current funds.
      
      
2. Non-mandatory Transfers
   
   Non-mandatory transfers include those transfers from the Current Fund group to other fund groups made at the discretion of the governing board, and also may include the retransfer of resources back to Current Funds. However, unrestricted amounts transferred from other fund groups back to the Current Fund group are not considered revenues of Current Funds.

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