FY 2017 - 2018 Audit

CITY OF SPENCER STATEMENT OF CASH RECEIPTS, DISBURSEMENTS, AND CHANGES IN CASH BALANCES GOVERNMENTAL FUNDS AS OF AND FOR THE YEAR ENDED JUNE 30, 2018

Local Option Sales Tax

General

Road Use

RECEIPTS: Property tax ............................................................. Tax increment financing .......................................... Other city taxes ........................................................ Licenses and permits ............................................... Use of money and property ..................................... Intergovernmental .................................................... Charges for service .................................................. Special assessments ................................................ Miscellaneous ........................................................... DISBURSEMENTS: Public safety ............................................................. Public works ............................................................. Culture and recreation .............................................. Community and economic development .................. General government ................................................. Debt service .............................................................. Capital projects ......................................................... TOTAL DISBURSEMENTS EXCESS (DEFICIENCY) OF RECEIPTS OVER (UNDER) DISBURSEMENTS OTHER FINANCING SOURCES (USES): Debt proceeds - includes $40,266 bond premo & fees Operating transfers in ................................................ Operating transfers out ............................................. TOTAL OTHER FINANCING SOURCES (USES) CASH BASIS FUND BALANCE: Nonspendable: Permanent fund principal ...................................... Restricted for: Debt service .......................................................... Capital projects ..................................................... Urban renewal purposes ...................................... Community and economic development purposes Employee benefits ................................................ Police purposes .................................................... Cemetery purposes .............................................. Streets .................................................................. Park purposes ....................................................... Committed for: Public safety purposes .......................................... Public work purposes ............................................ Culture and recreation purposes ........................... Community and economic development purposes General government purposes ............................. Unassigned .............................................................. TOTAL RECEIPTS NET CHANGE IN CASH BALANCES CASH BALANCES - BEGINNING OF YEAR ............. CASH BALANCES - END OF YEAR

$ 3,870,678

$

$

513,958 81,145 148,014 214,718 332,216 319,047 1,075,089 6,554,865 2,613,038 1,533,849 1,443,541

1,922,325

2,414

1,433,348

1,433,348

1,924,739

212,129

852,381

1,185,391

6,987,948

852,381

1,433,348

(433,083)

1,072,358

4,053,004 (2,180,048) 1,872,956 1,439,873

(1,329,552) (1,329,552)

(904,781) (904,781) 167,577 178,483 346,060

103,796 897,097

12,445,780

$

$ 13,885,653

$ 1,000,893

$

$

$

346,060

1,000,893

988,512

6,985,064

278,073

1,651,344

508,442

3,474,218

TOTAL CASH BASIS FUND BALANCES

$ 1,000,893

$ 13,885,653

346,060

~

See Notes to Financial Statements 15