FY 17 Annual Report

Permanent Funds CITY OF SPENCER, IOWA

2017

RIVERSIDE TRUST

FUND #501

FUND INFORMATION

This fund accounts for money the City received from Annie Stewart for the maintenance of her grave site. Her request was that flowers be placed on her grave site four times a year and the money in this fund pays for those flowers. An additional request from Mrs. Stewart was that flowers be placed on the grave of Sara Christensen once a year.

CURRENT BUDGET

YEAR TO DATE

% OF

ACTUAL FY 2016

ACTUAL

BUDGET

REVENUES

USE OF MONEY

100.00

199.19

199.19

190.42 - 190.42

OTHER FINANCING

-

-

-

TOTAL REVENUES

100.00

199.19

199.19

EXPENDITURES COMMODITIES TRANSFERS

225.00

250.00

111.11

- -

-

-

-

-

225.00

250.00

111.11

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

21,618.49

199.19

250.00

21,567.68

(50.81)

PERMANENT FUND