FY 17 Annual Report

2017

ANNUAL FINANCIAL SUMMARY

CITY OF SPENCER, IOWA

BUDGET STATUS REPORT - RESTRICTED CASH FUND EXPENDITURES

CURRENT CURRENT YEAR ACTUAL

PRIOR YEAR PRIOR YEAR CURRENT

EXPENDITURES

BUDGET

ACTUAL

BUDGET

ACTUAL

VS . BUDGET

VS . PRIOR

020-PROPERTY INSURANCE 040-CEMETERY RESERVE

215,936.00 24,000.00 60,000.00 6,700.00 98,657.00 87,000.00 -

206,278.20 27,681.00 21,263.32 6,347.50 6,641.60 73,172.75 27,579.83 1,426,164.84 387,617.54 321,154.51 148,701.32

-4.47% 15.34% -64.56% -0.87% -25.83% -68.30% -31.22% 204.18% 85.31% -21.94%

205,038.00 28,000.00 21,000.00

174,314.48 27,542.00 10,000.00

18.34% 0.50% 112.63%

045-LIBRARY RESERVE

047-COMM CENTER RESERVE

-

-

049-DRUG EDUCATION 050-POLICE RESERVE 052-FIRE RESERVE

1,000.00

6,129.83

8.35%

155,776.00 111,807.00

161,369.37 63,198.19 1,058,502.55 347,918.99 313,375.56 24,589.55 140,246.16 49,999.96 19,289.72 344,984.00 11,936.83 69,217.37 468,950.00 300,000.00 80,000.00 143,286.38 720.72 - 2,431.50

-54.66% -56.36% 34.73% 11.41% 504.73% -28.75% 50.00% -36.81% -53.00% 390.15% -93.97% -39.07% 106.01% -100.00% 12.50% -59.63% 2.48% 6.47%

053-CAPITAL IMPROVEMENT RESE 1,211,090.00 054-STREET IMPROVEMENT RESE 563,600.00

17.76% 1,699,556.00

914,095.00 718,000.00 30,125.00 153,000.00 50,000.00 25,000.00 71,500.00 374,500.00 21,000.00 500,000.00 178,700.00 20,000.00 -

056-PARK RESERVE

105,579.00 80,245.00

060-SRTS/SIDEWALK RESERVE

061-ECONOMIC DEVELOPMENT R 128,000.00

99,921.81 74,999.96 12,189.23

062-SHINE BROTHERS LOAN 063-RENAISSANCE INITIATIVE

75,000.00 25,000.00 10,000.00

0.00%

-51.24% -100.00%

064-CABLE TV

-

065-BRIDGE RESERVE

-

2,588.86

066-PUBLIC WORKS RESERVE

169,000.00 76,000.00

162,148.82 58,508.42

-4.05% -23.02%

068-CITY HALL RESERVE

080-STORM SEWER RESERVE

-

4,172.10

085-HOTEL/MOTEL TAX 087-SPENCER CARES 089-EMERGENCY FUND

185,250.00 15,000.00

285,750.00

54.25% -90.10%

1,484.77

-

-

-

090-QUALITY HOUSING INITIATIVE 100,000.00 092-TECHNOLOGY FUND 093-ACCRUED BENEFITS - TOTAL RESTRICTED CASH FUNDS 3,293,079.00 57,022.00

90,000.00 57,845.64

-10.00%

40,000.00 203,508.00

1.44%

3,502,212.02

6.35% 5,521,605.00

3,818,003.16

-8.27%

FINANCIAL SUMMARY