FY 17 Annual Report

Restricted Cash Funds

2017

CITY OF SPENCER, IOWA

FIRE RESERVES

FUND #052

FUND INFORMATION

The Fire Reserve fund was established to account for revenues and expenditures for future purchases of capital equipment and improvements for the Spencer Fire Department. Primary funding comes from the City's Local Option Sales Tax receipts. This

fund cannot be used for general operational expenses of the Fire Department. In FY17, the Department purchased new bunker gear and boots for members.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

CHARGES FOR SVCS USE OF MONEY MISCELLANEOUS OTHER FINANCING

13,000.00 2,250.00

13,635.05 4,461.76 1,010.00 100,000.00

104.89 198.30

3,593.58 13,880.37

-

-

-

100,000.00 117,473.95

100,000.00

100.00

TOTAL REVENUES

115,250.00

119,106.81

103.35

EXPENDITURES CAPITAL OUTLAY

82,000.00 5,000.00

22,579.83 5,000.00

27.54

58,198.19 5,000.00 63,198.19

TRANSFERS

100.00

87,000.00

27,579.83

31.70

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

461,206.20

119,106.81

27,579.83

552,733.18

91,526.98

RESTRICTED CASH