FY 17 Annual Report

Restricted Cash Funds

2017

CITY OF SPENCER, IOWA

STORM WATER DISTRICT #1

FUND #070

FUND INFORMATION

The Storm Water District #1 fund was established when storm sewers were installed to serve the Deerfield subdivision. Residents in the district pay a monthly fee that is intended to reimburse the City for the installation cost and provide money for future improvements to the collection system.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

CHARGES FOR SVCS

15,000.00 1,000.00

19,481.68 2,110.19

129.88 211.02

19,006.66 1,828.20 20,834.86

USE OF MONEY

TOTAL REVENUES

16,000.00

21,591.87

134.95

EXPENDITURES CONTRACTUAL SVCS

- -

- -

- -

- -

CAPITAL OUTLAY

-

-

-

-

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

21,591.87

213,602.23

21,591.87

-

235,194.10

RESTRICTED CASH