FY 2017 - 2018 Audit

CITY OF SPENCER BUDGETARY COMPARISON SCHEDULE OF RECEIPTS, DISBURSEMENTS, AND CHANGES IN BALANCES - BUDGET AND ACTUAL (CASH BASIS) - ALL GOVERNMENTAL FUNDS AND PROPRIETARY FUNDS

OTHER INFORMATION (UNAUDITED) FOR THE YEAR ENDED JUNE 30,2018

Governmental Funds Actual

Propriertary Funds Actual

Total Actual

RECEIPTS: Property tax ....................................................... Tax increment financing revenues ......................... 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 .................................................... Business type ..................................................... TOTAL DISBURSEMENTS TOTAL RECEIPTS

$

$

$

5,657,567

5,657,567 976,405 2,912,127 81,145 373,661 3,758,316 7,439,781 333,632 853,524 22,386,158 3,110,546 1,632,301 1,561,764 2,104,508 2,900,710 978,849 5,120,509 5,982,789 23,391,976

976,405

2,912,127

81,145 176,350

197,311 200,875 7,225,063

3,557,441

214,718 333,632 711,491

142,033 7,765,282

14,620,876

3,110,546 1,632,301 1,561,764 2,104,508 2,900,710

978,849

5,120,509

5,982,789 5,982,789

17,409,187

EXCESS (DEFICIENCY) OF RECEIPTS OVER (UNDER) DISBURSEMENTS

(2,788,311)

1,782,493

(1,005,818)

OTHER FINANCING SOURCES (USES): Proceeds from bonds ........................................... Operating transfers in ........................................... Operating transfers out ........................................

3,129,680 7,924,373 (6,326,192)

570,864 1,814,858 (3,413,039)

3,700,544 9,739,231 (9,739,231)

TOTAL OTHER FINANCING SOURCES (USES)

4,727,861

(1,027,317)

3,700,544

EXCESS (DEFICIENCY) OF RECEIPTS AND OTHER FINANCING SOURSES (USES) OVER (UNDER) DISBURSEMENTS

1,939,550

755,176

2,694,726

BALANCE - BEGINNING OF YEAR .............................

16,279,324

13,373,423

29,652,747

$ 18,218,874

BALANCE - END OF YEAR

~ 14,128,599

~ 32,347,473

See Notes to Financial Statements 49