FY 17 Annual Report

2017

ANNUAL FINANCIAL SUMMARY

CITY OF SPENCER, IOWA

BUDGET STATUS REPORT - SPECIAL REVENUE FUNDS, DEBT SERVICE, CAPITAL PRO & PERMANENT FUND EXPENDITURES

CURRENT CURRENT YEAR ACTUAL

PRIOR YEAR PRIOR YEAR CURRENT

BUDGET

ACTUAL

EXPENDITURES

BUDGET

ACTUAL

VS . BUDGET

VS . PRIOR

SPECIAL REVENUE FUNDS 110-ROAD USE TAX

1,341,001.00 463,848.00

1,438,077.28 408,951.45 230,342.00 1,312,598.32 10,386.68 298,466.09 15,877.62

7.24% 1,266,240.00

1,271,576.39 312,928.08 177,845.32 1,227,718.84 12,968.02 294,229.82 27,523.85

13.09% 30.69% 29.52% -42.31%

112-FICA/IPERS

-11.84% -0.10% -47.07%

348,074.83 203,538.00 30,000.00

113-WORKERS COMPENSATION 230,567.00 114-UNEMPLOYMENT INSURANCE 30,000.00 115-GROUP INSURANCE (HEALTH 1,361,176.00

-3.57% 1,278,987.00

6.91%

117-CIVIL SERVICE EXPENSE 118-CIVIL SERVICE POLICE

10,000.00 303,290.00

3.87% -1.59%

10,000.00 298,723.00

-19.91%

1.44%

119-POLICE SPECIAL PROCEEDS 45,000.00

-

-100.00%

-

-

120-CIVIL SERVICE FIRE 122-TREES FOREVER

83,894.00 3,000.00

75,759.00 5,722.00

-9.70% 90.73%

85,754.00 3,000.00

84,405.69 5,278.34

-10.24% 8.41% -0.05% 20.60%

124-LOCAL OPTION SALES TAX 2,026,209.00 125-TAX INCREMENT FINANCING 818,451.00

2,008,079.96 714,884.81

-0.89% 1,860,992.00

2,009,158.78 592,791.18

-12.65%

714,081.00

127-SALES TAX T.I.F.

-

-

-

-

162-SSMID

86,260.00

2,636.35

-96.94%

80,331.00

83,921.55

-96.86%

TOTAL SPECIAL REVENUE FUNDS 6,802,696.00

6,521,781.56

-4.13% 6,179,720.83

6,100,345.86

6.91%

DEBT SERVICE

1,708,096.00

1,839,496.50

7.69% 1,543,948.00

1,904,947.49

-3.44%

CAPITAL PROJECTS

2,150,000.00

1,993,524.20

-7.28% 2,939,276.00

1,385,932.18

43.84%

PERMANENT FUNDS 500-PERPETUAL CARE 501-RIVERSIDE TRUST

50.00

50.00

0.00% 11.11%

-

100.00 375.00

-50.00% -33.33%

225.00

250.00

225.00

503-NORTHLAWN PERPETUAL CA

-

-

-

-

504-GRIFFIN TRUST 505-LEACH TRUST

750.00

570.06

-23.99%

1,000.00

555.15

2.69%

-

-

-

-

TOTAL PERMANENT FUNDS

1,025.00

870.06

-15.12%

1,225.00

1,030.15

-15.54%

FINANCIAL SUMMARY