FY 17 Annual Report

Debt Service Fund CITY OF SPENCER, IOWA

2017

LEGAL & OTHER EXPENSES

FUND #200

1

FUND INFORMATION This budget accounts for legal and other assistance the City requires for debt related assistance. In FY14, the City paid for legal assistance required with the issuance of debt if FY13. In addition, the City pays an annual fee to Public Financial Management for completion of required IRS forms. Those fees are paid for through this budget.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

EXPENDITURES CONTRACTUAL SVCS MISC PRINCIPAL PAY MISC PRINCIPAL PAY

1,000.00

300.00

30.00

300.00 - -

- - -

76,000.00

100.00

360,000.00 360,300.00

TRANSFERS OUT

76,000.00

-

1,000.00

152,400.00

15,240.00

TOTAL EXPENDITURES

DEBT SERVICE