FY 2019-2023 Capital Improvement Plan

City of Spencer, Iowa Street Improvement Reserve

Actual Projected FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2020-22 FY 2020-23 Actual Actual Budgeted Proposed Projected Projected Projected

RECEIPTS Special Assessments

37,318

70,000

1

Interest Income

9,252

6,544

6,471

4,000

4,000

4,000

4,000

4,000

4,000

2

Grants:

3

IaDOT - West 11th IaDOT - RISE Grant Saftea Lu / MAP-21

4

5

400,000

6

1,983,674

Bonds

7

Clay County Share

8

Misc. Receipts

45,650 92,220

9

Total Receipts 10

6,544

6,471

4,000 1,987,674

4,000

74,000 404,000

4,000

TRANSFERS IN

11

Local Option Sales Tax Capital Improvement Res.

12 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000

13

Capital Projects

141,857 200,000

150,000 187,000 150,000 150,000 270,000 150,000

Road Use Tax Funds

14

477,768

320,000

Other Funds

164,693

15

Total Transfers 16

514,693 350,000 691,857 500,000 537,000 977,768 500,000 940,000 500,000

DISBURSEMENTS

17

Capital Projects Misc. Expenses

18 813,141 346,685 387,618 150,000 3,159,053 951,000 555,000 1,450,000 235,000

1,234

19

Total Disbursements 20

813,141 347,919 387,618 150,000 3,159,053 951,000 555,000 1,450,000 235,000

Beginning Street Reserve 21

838,611 632,382 641,007 951,717 1,305,717 671,338 702,106 721,106 615,106 606,913 356,544 698,328 504,000 2,524,674 981,768 574,000 1,344,000 504,000 813,141 347,919 387,618 150,000 3,159,053 951,000 555,000 1,450,000 235,000 632,382 641,007 951,717 1,305,717 671,338 702,106 721,106 615,106 884,106

Deposits 22

Capital Expenditures 23 Ending Street Reserve 24