FY 17 Annual Report

Permanent Funds CITY OF SPENCER, IOWA

2017

LEACH PARK TRUST FUND

FUND #505

FUND INFORMATION

From the Will of Charles E. Leach: Dated 2/15/1916 "City of Spencer, Iowa, in trust, for the purpose of improving and caring for Leach Park" in said City. And I direct that "said City's share be perpetually maintained and loaned out or invested by the Treasurer of said City in good, safe, interest bearing securities, to be approved by the City Council, and that the interest and income derived there from be used to further assist said City in improving and caring for said par property. And I further direct that a good and sufficient bond be require by said City of said Treasurer, to insure the faithful performance of this trust, the said bond to be provided at said City's expense." Original Principal Amount - $8,200.00

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

USE OF MONEY MISCELLANEOUS

100.00

180.28

180.28

172.26

-

-

-

-

TOTAL REVENUES

100.00

180.28

180.28

172.26

EXPENDITURES CONTRACTUAL SVCS

-

-

-

-

-

-

-

-

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

19,559.74

180.28

-

19,740.02

180.28

PERMANENT FUND