FY 17 Annual Report

Restricted Cash Funds

2017

CITY OF SPENCER, IOWA

CITY HALL RESERVE

FUND #068

FUND INFORMATION

The City Hall Reserve was established to account for the revenues and expenditures of future capital improvement and equipment needed at City Hall. Primary funding comes from the City's Local Option Sales Tax receipts. This fund cannot be used for general operations of City Hall. The City is currently undertaking a space utilization study of City Hall in order to see if a more efficient use of the space is available, to study how to locate a new conference room and to identify potential for better flow of people and better identified entrance points. In FY17, City Hall under went some minor renovations including the renovation of the Conference Room and the creation of a designated break room. The City also purchased a second multi-function copier for use at City Hall and new laser printer. As a result, the City removed several older printers from service.

CURRENT BUDGET

YEAR TO DATE

% OF

ACTUAL FY 2016

ACTUAL

BUDGET

REVENUES

USE OF MONEY

400.00

1,403.16 30,000.00

350.79 100.00

30,000.00 1,241.69

OTHER FINANCING

30,000.00

103.30

TOTAL REVENUES

30,400.00

31,403.16

31,241.69

EXPENDITURES CONTRACUTAL SVCS

-

9,579.37 43,929.05 5,000.00

-

5,000.00 6,936.83 - 11,936.83

CAPITAL OUTLAY

71,000.00 5,000.00

61.87

TRANSFERS

100.00

76,000.00

58,508.42

76.98

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

(27,105.26)

156,191.67

31,403.16

58,508.42

129,086.41

RESTRICTED CASH