FY 17 Annual Report

Business Type Activities Funds

2017

CITY OF SPENCER, IOWA

SOLID WASTE OPERATIONS

FUND #670

FUND INFORMATION

The Solid Waste Operations Fund accounts for the business-like operations of the City's solid waste services. The Solid Waste division operates the City's residential and commercial garbage and recycling collection, the Spencer Transfer Station and appliance de- manufacturing operations. The Solid Waste fund is primarily supported through user fees. Revenues for FY17 were higher than FY16, an increase of $138,048.19 (+6.51%) . The increase was from residential user charges, transfer station receipts and sale of recyclables. Commercial Fees saw a slight decrease, however that is more than likely form an accounting change. In FY 17 the City started accounting for Dumpsters/Roll Offs separate from Commercial businesses. Operating expenditures, net of transfers, decreased in FY17 versus FY16, a decrease of $88,339.60 (-4.16%). A portion of the transfers were included as operational expenditures because they were transferred to the City's Landfill account as tipping fees for the disposal of solid waste. These are considered an operational expense, but treated as a transfer since both operations are functions of the City. Salaries and Wages deceased due to an accounting change as described in the Sewer Operations section of this report. The Solid Waste Operations Fund unassigned balance on June 30, 2017 was $582,116.68 , a 13.27% increase from fiscal year 2016. This amount represents 34.00% of the City's FY18 budgeted solid waste expenditures. In all of the City's major funds, the City strives to have at least 25% of the coming fiscal year's expenditures in the fund as a unassigned fund balance.

CURRENT BUDGET

YEAR TO DATE

% OF

ACTUAL FY 2016

ACTUAL

BUDGET

REVENUES

CHARGES FOR SVCS

2,001,543.00

2,193,136.72

109.57 260.98 173.63 132.75

2,089,383.23 6,189.75 22,925.04 1,156.67 - 706.37

USE OF MONEY

3,500.00 30,000.00 2,500.00

9,134.28 52,089.87 3,318.82

SALE OF RECYCLABLES

MISCELLANEOUS OTHER FINANCING UNAPPLIED CREDIT

- -

-

- -

797.81

TOTAL REVENUES

2,037,543.00

2,258,477.50

110.84

2,120,361.06

EXPENDITURES SALARIES & WAGES EMPLOYEE BENEFITS STAFF DEVELOPMENT REPAIRS, MAINT, UTIL CONTRACTUAL SVCS

520,740.00 86,339.00

539,220.02 85,222.82

103.55

207,322.87 80.00 88,384.46 15,972.22 1,084,608.04 628,840.30 99,994.56

98.71 56.55 73.77 99.27 80.15

1,500.00

848.27

274,600.00 84,710.00 36,500.00 931,202.41

202,572.47 84,090.52 29,256.57 1,249,001.18

COMMODITIES TRANSFERS

134.13

2,125,202.45

1,935,591.41

2,190,211.85

113.15

TOTAL EXPENDITURES

BUSINESS TYPE ACTIVITIES