FY 18 Annual Report

Revenues and Expenditures by Category

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2017 ACTUAL

ACTUAL

BUDGET

Dedicated Revenues by Category: TAXES

2,026,210.00

1,922,324.82

94.87%

2,132,055.22

LICENSES & PERMITS

-

-

-

SPECIAL ASSESSMENTS CHARGES FOR SERVICE INTERGOVERNMENTAL USE OF MONEY/PROPERTY

1,050.00

4,411.75

420.17%

2,831.26

- - - -

- - - -

- - -

OTHER FINANCING MISCELLANEOUS

25,000.00 3,250.00

25,000.00

25,000.00

100.00% 95.10%

TOTAL DEPT. REVENUE

2,052,260.00

1,951,736.57

2,163,136.48

Expenditures by Category: SALARIES & WAGES

- - - -

- - - -

- - - -

EMPLOYEE BENEFITS STAFF DEVELOPMENT

REPAIRS, MAINT, UTILITIES

CONTRACTUAL SVCS

916,532.00

874,118.59

343.74% 95.37%

879,241.58

COMMODITIES

750.00

2,578.07

570.06

MINOR CAPITAL IMPROVEMENT

- - -

- - -

- - -

CAPITAL OUTLAY DEBT SERVICE

TRANSFERS

1,134,716.00 2,051,998.00

909,781.08 1,786,477.74

80.18% 87.06%

1,141,027.61 2,020,839.25

TOTAL DEPT. EXPENDITURES

Summary Revenues and Expenditures by Fund Type Departmental activities are included in three budgetary categories. These include Restricted Funds, Special Revenue and Permanent Funds. A description of the activities included in each of these fund types follows: Restricted Funds - The department has two operational funds that are classified as Restricted. The Renaissance Initiative Grant fund and the Cable TV fund. The Renaissance Initiative fund account for the grants awarded to community groups through grant program. The Cable VT fund is utilized to maintain and improve the city's broadcasting equipment. The Renaissance Initiative is funded through Local Option Sales Tax receipts. The Cable TV fund only receives interest. Special Revenue - The department has one operational fund classified as Special Revenue. This fund is the Local Option Sales Tax fund. This fund accounts for the receipts from the State of Iowa generated by the 1% tax and the expenditures of those receipts. Permanent Funds - The department has on operational fund classified as Permanent. This fund is the Griffin Trust and accounts for the interest received on the funds investment and the distribution of the interest annually.

RESTRICTED

REVENUE SPECIAL

PERMANENT

FUNDS

FUNDS

REVENUES

28,734.88 26,351.85

1,757,161.79 1,924,738.69

581.07 646.03

EXPENDITURES

(2,383.03)

167,576.90

64.96

-

-

REVENUES OVER/(UNDER) EXPENDITURES

82