FY 17 Annual Report

Capital Improvements Fund

2017

CITY OF SPENCER, IOWA

E 4TH STREET OVERLAY

PROJECT #207

PROJECT INFORMATION The East 4th Street Overlay project is a joint project between the City of Spencer and Clay County. Project construction is not scheduled until FY16, however the City needed to purchase additional right-of-way for the widening of the shoulders in FY14. The County will take the lead on the project and also act as lead engineer. The funding for the project will come from a MAP-21 grant with the City and County picking up the remainder of the project. Since the total project goes from 10th Avenue East along East 4th street and then continuing along County Road B24/350th Street, until Dickens, the County will have a larger portion of the total project cost. The overall cost will be split proportionally based on road jurisdiction. The City's portion of funding will come from the Street Improvement Reserve.

FY 2017 ACTUAL

PRIOR YEARS

PROJECT

PRIOR YEARS

TOTAL

REVENUES

MISCELLANEOUS TRANSFERS IN

-

76,664.41

133,766.87

210,431.28

TOTAL REVENUES

76,664.41

133,766.87

210,431.28

-

EXPENDITURES CONSTRUCTION ENGINEERING LAND PURCHASE

77,495.61

124,757.98

202,253.59

-

-

7,271.69

7,271.69

LEGAL FEES

906.00

906.00

TRANSFERS OUT

-

77,495.61

132,935.67

210,431.28

-

TOTAL EXPENDITURES

CAPITAL IMPROVEMENTS