FY 17 Annual Report

AGENCY FUNDS CITY OF SPENCER, IOWA

2017

ROSE RETAIL LOAN FUND

FUND #953

FUND INFORMATION

The Robert Rose Retail Revolving Loan Fund was established as a resource for potential businesses to access funding for starting their business. There is a review committee that reviews applications for funding from the fund. Any contributions that are made to the fund are paid to the City for tax benefits and then the City passes the money along to the Revolving Loan Fund.

CURRENT BUDGET

YEAR TO DATE

% OF

ACTUAL FY 2016

ACTUAL

BUDGET

REVENUES

MISCELLANEOUS

-

-

-

-

TOTAL REVENUES

-

-

-

-

EXPENDITURES CONTRACTUAL SVCS

-

-

-

-

-

-

-

-

TOTAL EXPENDITURES

Fund Balance

BALANCE JUNE 30 2014 JUNE 30, 2017

INCREASE / (DECREASE)

BALANCE

REVENUES

EXPENDITURES

JULY 1, 2016

-

-

-

-

-

AGENCY FUNDS

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