Audit for Fiscal Year Ending June 30, 2017

Schedule 1

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

Total Nonmajor Governmental Funds $ 1,252,806 835,048 49,822 9,271

Special Revenue Funds

Permanent Funds

RECEIPTS: Property tax ........................................................... Tax increment financing ........................................ Other city taxes ..................................................... Use of money and property ................................... Intergovernmental ................................................. Miscellaneous ........................................................ DISBURSEMENTS: Public safety .......................................................... Public works .......................................................... Culture and recreation ........................................... Community and economic development ............... General government ............................................. TOTAL RECEIPTS

$ 1,252,806

$

835,048 49,822

7,579

1,692

122,073 304,654

122,073 306,779 2,575,799

2,125 3,817

2,571 ,982

501,897 98,403 126,023 340,185

501,897 98,403 126,323 340,755

300 570

1,631,779 2,698,287

1,631,779 2,699,157

870

TOTAL DISBURSEMENTS

2,947

(126,305)

(123,358)

EXCESS OF RECEIPTS OVER DISBURSEMENTS

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

874,756 (377,336}

874,756 (377,336}

TOTAL OTHER FINANCING SOURCES (USES)

497,420

497,420

NET CHANGE IN CASH BALANCES

371,115

2,947

374,062

467,442

1,772,986

1,305,544

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

$ 1,676,659

$

$ 2,147,048

CASH BALANCES - END OF YEAR

470,389

CASH BASIS FUND BALANCES: Nonspendable: Permanent fund principal ................................... Restricted for: Urban renewal purposes .................................... Community and economic development purposes Employee benefits .............................................. Police purposes .................................................. Cemetery purposes ............................................. Park purposes .....................................................

$

$

$

439,427

439,427

443,215 103,798 1,096,430

443,215 103,394

404

1,096,430

32,390 19,017 12,771

32,390

19,017 11,541

1,230

$

$ 2,147,048

$ 1,676,659

470,389

TOTAL CASH BASIS FUND BALANCES

See Accompanying Independent Auditors' Report 41