FY 2017 - 2018 Audit

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

Enterprise

Sanita[y Sewer

Solid Waste

Landfill

CaRital Projects

OPERATING RECEIPTS: Charges for services ............................................... $ Miscellaneous .........................................................

$

$

1,728,040 $ 5,702 1,733,742

2,778,415

2,195,833 94,247 2,290,080

32,259

TOTAL OPERATING RECEIPTS

2,810,674

OPERATING DISBURSEMENTS: Salaries ................................................................. Payroll taxes and employee benefits ..................... Repairs and maintenance ...................................... Utilities .................................................................... Contract services ................................................... Insurance premiums ............................................... Gas and oil ............................................................. Supplies ................................................................. Miscellaneous ........................................................ Statewide ASR fees ............................................... Collection fee ......................................................... Sales tax paid ......................................................... Tipping tax .............................................................. TOTAL OPERATING DISBURSEMENTS EXCESS OF OPERATING RECEIPTS OVER OPERATING DISBURSEMENTS NON-OPERATING RECEIPTS (DISBURSEMENTS): Interest on investments .......................................... Interest subsidy on Build American Bonds ............ Intergovernmental grants ....................................... Capital outlay ......................................................... Revenue bonds/notes principal ........................... Revenue bonds/notes interest and fees ..............

67,041 10,555 40,515

496,258 78,835 108,092 16,976 3,970 83,030 41,399 21,106

245,424 39,472 78,374 16,472 43,409 68,835 12,201 171,917 20,000

6,013

864,730

2,892 2,970

18,629

26,238 53,239

26,238 39,951

74,603 770,707

1,092,822

915,855

1,374,225

1,717,852

963,035

22,215

97,189

70,940 59,323

52,729

88,823

(17,176)

(432,737) (570,000) (268,875}

(75,082)

(1,361,475)

TOTAL NON-OPERATING RECEIPTS (DISBURSEMENTS)

74,836

(1,272,652)

(1,141,349)

5,039

EXCESS (DEFICIENCY) OF RECEIPTS OVER (UNDER) DISBURSEMENTS

(1,272,652)

1,037,871

1,379,264

576,503

OTHER FINANCING SOURCES (USES): Bond proceeds........................................................ Operating transfers in ............................................. Operating transfers out ...........................................

570,864

1,095,676

50,820 (883,195} (832,375}

540,000

105,999

(6,044)

(1,442,780) (902,780}

(1,021,761)

1,660,496

(915,762}

TOTAL OTHER FINANCING SOURCES (USES)

387,844

135,091

(339,259)

546,889

NET CHANGE IN CASH BALANCES

(368,506)

1,596,319

6,925,449

CASH BALANCES - BEGINNING OF YEAR ............

4,536,579

7,060,540 ~

19,338

4,197,320

2,143,208

CASH BALANCES - END OF YEAR

~

~

~

See Notes to Financial Statements 17