FY 17 Annual Report

Permanent Funds CITY OF SPENCER, IOWA

2017

COLUMBARIUM VAULT PERPETUAL CARE

FUND #502

FUND INFORMATION

The City constructed two columbarium vaults at Riverside Cemetery and charges a perpetual care fee at the time of sale, similar to actual lots. In the same manner, the interest generated off of this fund can be used for the perpetual maintenance of the columbarium vaults.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

MISCELLANEOUS USE OF MONEY

200.00

-

-

400.00

15.00

47.26

315.07

36.25

TOTAL REVENUES

215.00

47.26

21.98

436.25

EXPENDITURES

-

-

-

-

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

5,053.84

47.26

-

5,101.10

47.26

PERMANENT FUND