FY 17 Annual Report

Restricted Cash Funds

2017

CITY OF SPENCER, IOWA

CAPITAL IMPROVEMENT RESERVES

FUND #053

INTERNAL LOAN INFORMATION

LOAN NAME

DUE FROM Golf Course Hotel/Motel Tax

BALANCE 6/30/2017

Clubhouse Construction Loan

$20,000 $200,000

Economic Development - Shine Brothers

$137,101.31

Shine Brothers

Advanced Special Assessments

$1,186,116.00 $250,621

Principal Interest (Anticipated)

Fairway Estate Loan

$69,281.70

SPINA

$47,878

Fairway Court Housing

TIF

Green Industrial Sewer

$434,499.00

TIF TIF

$60,000

Hy-Vee Debt Prepayment

TOTAL OUTSTANDING INTERNAL LOANS

$2,405,497

RESTRICTED CASH