FY 18 Annual Report

2018

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

193,724.00 18,000.00 60,000.00

184,595.13 19,734.00 63,296.62 2,617.46 87,422.41 18,612.50 1,669,058.81 116,799.18 319,093.14 434,825.58 67,192.56 49,999.96 26,737.88 1,997.00 69,165.71 244,898.87 - 7,597.80

-4.71% 9.63% 5.49%

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 99,921.81 74,999.96 12,189.23 -

-10.51% -28.71% 197.68% -100.00% -60.59% 19.47% -32.51% 17.03% -69.87%

045-LIBRARY RESERVE

047-COMM CENTER RESERVE

- -

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

88,196.00 332,000.00

-0.88% -94.39%

053-CAPITAL IMPROVEMENT RES 2,374,240.00 054-STREET IMPROVEMENT RES 150,000.00

-29.70% 1,211,090.00

-22.13%

563,600.00

055-SIDEWALK RESERVE

-

-

056-PARK RESERVE 060-SRTS RESERVE

146,689.00 230,000.00 122,000.00 100,000.00 25,000.00

117.53% 89.05% -44.92% -50.00%

105,579.00 80,245.00 128,000.00 75,000.00 25,000.00 10,000.00

-0.64%

192.42% -32.75% -33.33% 119.36%

061-ECONOMIC DEVELOP. RES 062-SHINE BROTHERS LOAN 063-RENAISSANCE INITIATIVE

6.95%

064-CABLE TV

- -

-

065-BRIDGE RESERVE

-

2,588.86

2571.67%

066-PUBLIC WORKS RESERVE

238,752.00 30,000.00

2.57%

169,000.00 76,000.00

162,148.82 58,508.42

51.03% -83.09%

068-CITY HALL RESERVE

9,894.93

-67.02%

080-STORM SEWER RESERVE 085-HOTEL/MOTEL TAX 087-SPENCER CARES 089-EMERGENCY FUND 090-QUALITY HOUSING INIT. 092-TECHNOLOGY FUND 093-ACCRUED BENEFITS

-

151,533.46 304,069.66

-

4,172.10

3532.07%

185,250.00 16,000.00

64.14% -99.55%

185,250.00 15,000.00

285,750.00

6.41%

72.00

1,484.77

-95.15%

- -

-

-

-

70,000.00 83,168.85

100,000.00 57,022.00

90,000.00 57,845.64

-22.22% 43.78%

63,022.00

31.97%

-

-

-

-

TOTAL RESTRICTED CASH FUNDS 4,372,873.00

4,002,383.51

-8.47% 3,293,079.00

3,502,212.02

14.28%

30