Audit for Fiscal Year Ending June 30, 2017

Exhibit C

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

Enterprise

Sanitary Sewer

Solid Waste

Landfill

CaRital Projects

OPERATING RECEIPTS: Charges for services ............................................... $ Miscellaneous .........................................................

$

$

1,890,127 $ 4,245

2,876,124

2,193,866 56,349 2,250,215

61,985

7,504 7,504

TOTAL OPERATING RECEIPTS

1,894,372

2,938,109

OPERATING DISBURSEMENTS: Salaries ................................................................. Payroll taxes and employee benefits ..................... Repairs and maintenance ...................................... Utilities .................................................................... Contract services ................................................... Gas and oil ............................................................. Supplies ................................................................. Miscellaneous ........................................................ Statewide ASR fees ............................................... Collection fee ......................................................... Sales tax paid ......................................................... Tipping tax .............................................................. TOTAL OPERATING DISBURSEMENTS EXCESS OF OPERATING RECEIPTS OVER OPERATING DISBURSEMENTS NON-OPERATING RECEIPTS (DISBURSEMENTS): Interest on investments .......................................... Farm income .......................................................... Interest subsidy on Build American Bonds ............ Intergovernmental grants ....................................... Special assessments .............................................. Capital outlay ......................................................... Debt service receipts/(payments): Revenue bonds/notes principal ........................... Revenue bonds/notes interest and fees ..............

539,221 85,223 112,293 15,492 2,715 69,240 20,811 33,592

73,062 11,669 44,722

285,804 46,470 67,086 9,269 35,576 69,458 9,363 61,767 10,000

7,971

841,483

2,819

12,968

9,647

26,100 48,620

26,100 36,523

58,119 652,912

1,079,061

941,210

1,859,048

1,309,005

1,241,460

7,504

82,793

61,629 22,452

16,867

62,153

27,486

1,465,715 32,889 (4,472,176)

(15,476)

(179,856)

2,993,136

(378,000) (256,786)

TOTAL NON-OPERATING RECEIPTS (DISBURSEMENTS)

19,564

111,567

(162,989)

(505,316)

EXCESS OF RECEIPTS OVER DISBURSEMENTS

27,068

1,146,016

1,353,027

1,353,732

OTHER FINANCING SOURCES (USES): Operating transfers in ............................................. Operating transfers out ...........................................

213,368 (79,322} 134,046

200,654

40,000 (1,025,958} (985,958) 160,058 1,436,261

659,403

(1,041,037}

(1,012,387} (352,984)

TOTAL OTHER FINANCING SOURCES (USES)

(840,383}

161,114

NET CHANGE IN CASH BALANCES

513,349

1,000,043

(529,620)

5,925,406

4,023,230

CASH BALANCES - BEGINNING OF YEAR ............

(368,506}

CASH BALANCES - END OF YEAR

4,536,579

1,596,319

6,925,449 ~

~

~

~

See Notes to Financial Statements 17