FY 17 Annual Report
AGENCY FUNDS CITY OF SPENCER, IOWA
2017
HOEPPNER TRUST
FUND #951
FUND INFORMATION
From the Will of Hazel Barringer Hoeppner: Proceeds to be placed in trust to be known as "Hazel Barringer Hoeppner Trust." Trustees of the trust will be President of Hawkeye Bank,; Director of the YMCA; City Manager of Spencer, Iowa; Administrator of Spencer Municipal Hospital and President of Spencer Ministerial Association. Trustees shall annually distribute the income from these assets to needy families and children in Spencer and Clay County at Christmas time. The Trustees should be creative in not only catering to physical needs, but the spiritual and social needs as well. The principal is to be invested and only the income from said funds be used annually. In FY15, the Trustees voted to move the funds from the City to the Clay County Trust Fund for management. The City transferred the funds to the Greater Des Moines Community Foundation in FY16. Original Principal Amount - $382,200.00
CURRENT BUDGET
YEAR TO DATE
% OF
FY 2016 ACTUAL
ACTUAL
BUDGET
REVENUES
USE OF MONEY MISCELLANEOUS
- -
58.88
-
2,221.58
-
TOTAL REVENUES
-
58.88
-
2,221.58
EXPENDITURES CONTRACTUAL SVCS
403,347.50
- -
13,397.12
-
TRANSFERS
-
403,347.50
-
13,397.12
#DIV/0!
TOTAL EXPENDITURES
Fund Balance
INCREASE / (DECREASE)
BALANCE
BALANCE
REVENUES
EXPENDITURES
JULY 1. 2016
JUNE 30, 2017
(13,338.24)
13,347.88
58.88
13,397.12
9.64
AGENCY FUNDS
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