FY 2020-2024 Capital Improvement Plan

City of Spencer, Iowa Street Improvement Reserve

Actual Projected FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2020-22 FY 2020-23 FY 2023-24 Actual Actual Budgeted Projected Projected Projected Projected

RECEIPTS Special Assessments

1

Interest Income

6,544

6,471

12,750

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

800,000

Bonds

1,983,674

7

Clay County Share

8

Misc. Receipts

9 Total Receipts 10

6,544

6,471 812,750 1,987,674

4,000

4,000 404,000

4,000

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

Road Use Tax Funds

37,000

0

0 120,000

0

0

14

190,580

Other Funds

488,733

320,000

15

Total Transfers 16

350,000 691,857 350,000 387,000 838,733 540,580 790,000 350,000 350,000

DISBURSEMENTS

17

Capital Projects Misc. Expenses

18 346,685 387,618 116,799 3,009,053 884,000 380,000 1,215,000 484,781 673,720

1,234

19

Total Disbursements 20

347,919 387,618 116,799 3,009,053 884,000 380,000 1,215,000 484,781 673,720