FY 17 Annual Report

AGENCY FUNDS CITY OF SPENCER, IOWA

2017

CENTRAL GARAGE

FUND #949

FUND INFORMATION

The City of Spencer utilizes the Central Garage fund as an Internal Service Fund in which the original purchases are not specific to one department, but could be utilized by any department based upon need. The majority of the purchases for the Central Garage fund deal with stock repair parts for vehicles. Once the parts are used they are expensed out to the requesting department and are detailed as an expense in the department that needed the repairs.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

MISCELLANEOUS CHARGES FOR SVC

- - - -

- - -

-

-

- - 442.27 442.27

USE OF MONEY

- -

OTHER FINANCING

237.63

TOTAL REVENUES

-

237.63

-

EXPENDITURES COMMODITIES

12,355.21 - 12,355.21

- -

6,984.39

- -

TRANSFER

-

-

6,984.39

-

TOTAL EXPENDITURES

Fund Balance

INCREASE / (DECREASE)

BALANCE

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

JUNE 30, 2017

(6,746.76)

(11,912.94)

237.63

6,984.39

(18,659.70)

AGENCY FUNDS