FY 17 Annual Report

Restricted Cash Funds

2017

CITY OF SPENCER, IOWA

PUBLIC WORKS RESERVE

FUND #066

FUND INFORMATION

The Public Works Equipment Reserve was established to account for revenues and expenditures related to the purchase of capital improvements and equipment for the Public Works Department. Primary funding comes from the City's Local Option Sales Tax receipts. This fund cannot be used for general operations of the Public Works Department. In FY17, expenditures from the fund included a motor grader, concrete screed and new ATV.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

USE OF MONEY MISCELLANEOUS OTHER FINANCING

3,000.00

6,895.49 3,754.00

229.85

93,221.50 7,389.28

-

-

150,000.00

150,000.00

100.00

150,000.00 250,610.78

160,649.49

105.00

TOTAL REVENUES

153,000.00

EXPENDITURES CAPITAL OUTLAY

164,000.00

157,148.82

95.82

339,984.00 5,000.00 344,984.00

TRANSFERS

5,000.00

5,000.00

-

169,000.00

162,148.82

95.95

TOTAL EXPENDITURES

Fund Balance

(DECREASE) INCREASE /

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

(1,499.33)

846,848.32

160,649.49

162,148.82

845,348.99

RESTRICTED CASH