FY 2017 - 2018 Audit
CITY OF SPENCER STATEMENT OF CASH RECEIPTS, DISBURSEMENTS, AND CHANGES IN CASH BALANCES PROPRIETARY FUNDS AS OF AND FOR THE YEAR ENDED JUNE 30, 2018
Enterprise
Sanita[y Sewer
Solid Waste
Landfill
CaRital Projects
OPERATING RECEIPTS: Charges for services ............................................... $ Miscellaneous .........................................................
$
$
1,728,040 $ 5,702 1,733,742
2,778,415
2,195,833 94,247 2,290,080
32,259
TOTAL OPERATING RECEIPTS
2,810,674
OPERATING DISBURSEMENTS: Salaries ................................................................. Payroll taxes and employee benefits ..................... Repairs and maintenance ...................................... Utilities .................................................................... Contract services ................................................... Insurance premiums ............................................... Gas and oil ............................................................. Supplies ................................................................. Miscellaneous ........................................................ Statewide ASR fees ............................................... Collection fee ......................................................... Sales tax paid ......................................................... Tipping tax .............................................................. TOTAL OPERATING DISBURSEMENTS EXCESS OF OPERATING RECEIPTS OVER OPERATING DISBURSEMENTS NON-OPERATING RECEIPTS (DISBURSEMENTS): Interest on investments .......................................... Interest subsidy on Build American Bonds ............ Intergovernmental grants ....................................... Capital outlay ......................................................... Revenue bonds/notes principal ........................... Revenue bonds/notes interest and fees ..............
67,041 10,555 40,515
496,258 78,835 108,092 16,976 3,970 83,030 41,399 21,106
245,424 39,472 78,374 16,472 43,409 68,835 12,201 171,917 20,000
6,013
864,730
2,892 2,970
18,629
26,238 53,239
26,238 39,951
74,603 770,707
1,092,822
915,855
1,374,225
1,717,852
963,035
22,215
97,189
70,940 59,323
52,729
88,823
(17,176)
(432,737) (570,000) (268,875}
(75,082)
(1,361,475)
TOTAL NON-OPERATING RECEIPTS (DISBURSEMENTS)
74,836
(1,272,652)
(1,141,349)
5,039
EXCESS (DEFICIENCY) OF RECEIPTS OVER (UNDER) DISBURSEMENTS
(1,272,652)
1,037,871
1,379,264
576,503
OTHER FINANCING SOURCES (USES): Bond proceeds........................................................ Operating transfers in ............................................. Operating transfers out ...........................................
570,864
1,095,676
50,820 (883,195} (832,375}
540,000
105,999
(6,044)
(1,442,780) (902,780}
(1,021,761)
1,660,496
(915,762}
TOTAL OTHER FINANCING SOURCES (USES)
387,844
135,091
(339,259)
546,889
NET CHANGE IN CASH BALANCES
(368,506)
1,596,319
6,925,449
CASH BALANCES - BEGINNING OF YEAR ............
4,536,579
7,060,540 ~
19,338
4,197,320
2,143,208
CASH BALANCES - END OF YEAR
~
~
~
See Notes to Financial Statements 17
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