FY 17 Annual Report
AGENCY FUNDS CITY OF SPENCER, IOWA
2017
CENTRAL GARAGE
FUND #949
FUND INFORMATION
The City of Spencer utilizes the Central Garage fund as an Internal Service Fund in which the original purchases are not specific to one department, but could be utilized by any department based upon need. The majority of the purchases for the Central Garage fund deal with stock repair parts for vehicles. Once the parts are used they are expensed out to the requesting department and are detailed as an expense in the department that needed the repairs.
CURRENT BUDGET
YEAR TO DATE
% OF
FY 2016 ACTUAL
ACTUAL
BUDGET
REVENUES
MISCELLANEOUS CHARGES FOR SVC
- - - -
- - -
-
-
- - 442.27 442.27
USE OF MONEY
- -
OTHER FINANCING
237.63
TOTAL REVENUES
-
237.63
-
EXPENDITURES COMMODITIES
12,355.21 - 12,355.21
- -
6,984.39
- -
TRANSFER
-
-
6,984.39
-
TOTAL EXPENDITURES
Fund Balance
INCREASE / (DECREASE)
BALANCE
BALANCE
REVENUES
EXPENDITURES
JULY 1, 2016
JUNE 30, 2017
(6,746.76)
(11,912.94)
237.63
6,984.39
(18,659.70)
AGENCY FUNDS
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