FY 18 Annual Report

2018

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

EXPENDITURES

BUDGET

ACTUAL

BUDGET

ACTUAL

VS . BUDGET

VS . PRIOR

SPECIAL REVENUE FUNDS 110-ROAD USE TAX

1,383,566.00 461,251.00

1,329,551.79 442,727.18 271,140.00 1,362,222.95 16,576.98 285,209.04 7,660.77

-3.90% 1,341,001.00

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

-7.55% 8.26% 17.71% -51.75% 3.78% 59.60% -4.44%

112-FICA/IPERS

-4.02% 19.81% -74.46%

463,848.00 230,567.00 30,000.00 10,000.00 303,290.00 45,000.00 83,894.00

113-WORKERS COMPENSATION 226,312.00

114-UNEMPLOYMENT INS. 115-GROUP INSURANCE 117-CIVIL SERVICE EXPENSE 118-CIVIL SERVICE POLICE 119-POLICE SPECIAL PROCEEDS

30,000.00

1,435,222.00 10,000.00 294,042.00

-5.09% 1,361,176.00

65.77% -3.00%

-

-

-

120-CIVIL SERVICE FIRE 122-TREES FOREVER

80,825.00

81,221.03 1,237.10

0.49%

75,759.00 5,722.00

7.21%

-

3,000.00

-78.38% -12.50% 18.40%

124-LOCAL OPTION SALES TAX 2,026,248.00 125-TAX INCREMENT FINANCING 993,748.00

1,757,161.79 846,412.88 455,279.70 107,745.31

-13.28% 2,026,209.00

2,008,079.96 714,884.81

-14.83% 5.81% 25.87%

818,451.00

127-SALES TAX T.I.F.

430,280.00 85,599.00

-

-

162-SSMID

86,260.00

2,636.35

3986.91%

6,964,146.52

-6.61% 6,802,696.00

6,521,781.56

6.78%

TOTAL SPECIAL REVENUE FUNDS 7,457,093.00

DEBT SERVICE

2,468,930.00

2,478,849.47

0.40% 1,708,096.00

1,839,496.50

34.76%

CAPITAL PROJECTS

5,868,347.00

5,123,581.83

-12.69% 2,150,000.00

1,993,524.20

157.01%

PERMANENT FUNDS 500-PERPETUAL CARE 501-RIVERSIDE TRUST

-

-

50.00

50.00

-100.00% -10.00%

225.00

225.00

0.00%

225.00

250.00

503-NORTHLAWN PERPETUAL CA

-

-

-

-

504-GRIFFIN TRUST 505-LEACH TRUST

750.00

581.07

-22.52%

750.00

570.06

1.93%

-

-

-

-

TOTAL PERMANENT FUNDS

975.00

806.07

-17.33%

1,025.00

870.06

-7.35%

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