FY 17 Annual Report

Business Type Activities Funds

2017

CITY OF SPENCER, IOWA

AIRPORT RESERVE

FUND #625

FUND INFORMATION

This fund accounts for capital projects for the Airport Operations fund. The primary source of revenue for this fund is the transfer of surplus Airport Operations revenue. The majority of the expenditures coming from this fund go towards matching federal grants through the FAA for infrastructure improvements on the airfield. Transfers are made from this fund to the Enterprise Capital Projects fund for payment. The fund balance on June 30, 2017 was $521,071.68, a decrease of $5,662.27 (-1.08%) over the FY16 ending balance.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

USE OF MONEY

2,000.00

4,991.27

249.56

- 29,241.26 - 4,772.86

INTERGOVERNMENTAL

- - -

- -

- - -

MISCELLANEOUS OTHER FINANCING

46,357.00

34,014.12

51,348.27

2,567.41

TOTAL REVENUES

2,000.00

EXPENDITURES CAPITAL OUTLAY

- 31,950.01 31,950.01

-

-

-

TRANSFERS

69,860.00

57,010.54

81.61

69,860.00

57,010.54

81.61

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

(5,662.27)

526,733.95

51,348.27

57,010.54

521,071.68

BUSINESS TYPE ACTIVITIES