FY 2020-2024 Capital Improvement Plan

City of Spencer, Iowa Fire Capital Improvement Sinking

Actual Projected FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2021-23 FY 2023-24 Actual Actual Budgeted Proposed Projected Projected Projected

RECEIPTS Interest Income

3,594

4,462

5,954

4,500

4,500

4,500

4,500

4,500

4,500

1

Donations

125,000

2

Misc. Reciepts

1,010

3,833

3

Rural Fire Contracts

13,880

13,635

13,193

13,000

13,000

13,000

13,000

13,000

13,000

4

5

Total Receipts

17,474

19,107

22,981 142,500

17,500

17,500

17,500

17,500

17,500

6

TRANSFERS IN

7

Local Option Sales Tax Capital Improve Reserve

8

9 100,000 100,000 100,006 115,000 115,000 115,000 115,000 115,000 115,000

Misc. Transfers Sewer Reserve

10

165,000

11

Total Transfers 12

100,000 100,000 100,006 280,000 115,000 115,000 115,000 115,000 115,000

DISBURSEMENTS

13

Capital Projects Misc. Expenses

63,198

27,580

18,613 686,327 161,450 406,500

20,000 526,550

0

14

15 Total Disbursements 16

63,198

27,580

18,613 686,327 161,450 406,500

20,000 526,550

0

Beginning Fire Reserve 17

406,930 461,206 552,733 657,107 393,280 364,330

90,330 202,830 (191,220)

Deposits 18

117,474 119,107 122,986 422,500 132,500 132,500 132,500 132,500 132,500

Capital Expenditures 19 Ending Fire Reserve 20

63,198

27,580

18,613 686,327 161,450 406,500

20,000 526,550

0

461,206 552,733 657,107 393,280 364,330

90,330 202,830 (191,220)

(58,720)