Audit for Fiscal Year Ending June 30, 2017

Exhibit B

CITY OF SPENCER STATEMENT OF CASH RECEIPTS, DISBURSEMENTS, AND CHANGES IN CASH BALANCES GOVERNMENTAL FUNDS AS OF AND FOR THE YEAR ENDED JUNE 30, 2017

Local Option Sales Tax

General

Road Use

RECEIPTS: Property tax ............................................................. Tax increment financing .......................................... Other city taxes ........................................................ Licenses and permits ............................................... Use of money and property ..................................... Intergovernmental .................................................... Charges for service .................................................. Special assessments ................................................ Miscellaneous ........................................................... DISBURSEMENTS: Public safety ............................................................. Public works ............................................................. Culture and recreation .............................................. Community and economic development .................. General government ................................................. Debt service .............................................................. Capital projects ......................................................... TOTAL DISBURSEMENTS EXCESS (DEFICIENCY) OF RECEIPTS OVER (UNDER) DISBURSEMENTS OTHER FINANCING SOURCES (USES): Debt proceeds ........................................................... Operating transfers in ................................................ Operating transfers out ............................................. TOTAL OTHER FINANCING SOURCES (USES) CASH BASIS FUND BALANCE: Nonspendable: Permanent fund principal ...................................... Restricted for: Debt service .......................................................... Capital projects ..................................................... Urban renewal purposes ...................................... Community and economic development purposes Employee benefits ................................................ Police purposes .................................................... Cemetery purposes .............................................. Streets .................................................................. Park purposes ....................................................... Committed for: Public safety purposes .......................................... Public work purposes ............................................ Culture and recreation purposes ........................... Community and economic development purposes General government purposes ............................. Unassigned .............................................................. TOTAL RECEIPTS NET CHANGE IN CASH BALANCES CASH BALANCES - BEGINNING OF YEAR ............. CASH BALANCES - END OF YEAR

$ 3,851,046

$

$

533,894 62,666 117,945 195,541 320,617 385,886 1,185,867 6,653.462

2,132,055

1,041

1,394,564

3,250 2,136,346

1,394,564

2,684,799 1,430,321 1,484,064

867,052

510,957

1,088,666

867,052

7,198,807

1,269,294

(545,345)

1,394,564

3,664,476 (1,702,101} 1,962,375 1,417,030 11,028,750

154,579 (1,438,077} (1,283,498}

(1,141,028} (1,141,028} 128,266 50,217

111,066 786,031 897,097

$

$

$ 12,445,780

178,483

$

$

$

178,483

897,097

877,899

5,997,095

483,931

1,627,019

504,713

2,955,123

$

$ 12,445,780

$

178,483

897,097

TOTAL CASH BASIS FUND BALANCES

See Notes to Financial Statements 15