FY 17 Annual Report

Restricted Cash Funds

2017

CITY OF SPENCER, IOWA

EMERGENCY FUND

FUND #089

FUND INFORMATION

The Emergency Fund was established several years ago as a way to reserve money for general operations in the case an emergency arose that was outside of normal operations and would be a burden to the General Fund. In FY17, the City transferred money from excess General Fund revenues for future needs.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

USE OF MONEY MISCELLANEOUS OTHER FINANCING

1,000.00

4,392.14

439.21

2,727.59

511,240.75 - 513,968.34

- -

-

- -

21,553.30

2,594.54

TOTAL REVENUES

1,000.00

25,945.44

EXPENDITURES CONTRACTUAL SVCS

- -

- -

- -

-

TRANSFERS

300,000.00 300,000.00

-

-

-

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2015

JUNE 30, 2016

25,945.44

474,287.52

25,945.44

-

500,232.96

RESTRICTED CASH