FY 17 Annual Report

Restricted Cash Funds

2017

CITY OF SPENCER, IOWA

POLICE RESERVES

FUND #050

FUND INFORMATION The Police Reserve fund was established to account for revenues and expenditures for future purchases of capital equipment and improvements for the Spencer Police Department. Primary comes from the City's Local Option Sales Tax receipts. This fund cannot be used for general operational expenses of the Police Department. The Department currently budgets for the replacement of two squad cars in each fiscal year. In FY17, the Department replaced one vehicle. The Department also purchased body cameras for all patrol officers and also replaced heat pumps related to the HVAC system. The Department also received a grant for $1,000 from ICAP towards the purchase of a drone that is used by the HEAT team.

CURRENT BUDGET

YEAR TO DATE

% OF

ACTUAL FY 2016

ACTUAL

BUDGET

REVENUES

USE OF MONEY

1,500.00

2,230.93 4,200.00 9,057.11 60,000.00

148.73

2,648.02

60,000.00 3,875.00 69,523.02 3,000.00

INTERGOVERNMENTAL

-

- -

MISCELLANEOUS OTHER FINANCING

4,000.00 60,000.00

100.00

TOTAL REVENUES

65,500.00

75,488.04

115.25

EXPENDITURES CAPITAL OUTLAY

93,657.00 5,000.00

68,172.75 5,000.00

72.79

66,312.07 177,612.06 111,299.99

TRANSFERS

100.00

98,657.00

73,172.75

74.17

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

256,465.82

75,488.04

73,172.75

258,781.11

2,315.29

RESTRICTED CASH