FY 2020-2024 Capital Improvement Plan

City of Spencer, Iowa Park Reserves

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 Projected Projected Projected Projected

RECEIPTS Interest Income

5,484 1,121

4,433 1,051

3,469

3,000 1,200

3,000 1,200

3,000 1,200

3,000 1,200

3,000 1,200

3,000 1,200

1

League Softball Fees

981

2

League Softball Fees - Tax

79

74

69

75

75

75

75

75

75

3

Grants - State Grants - Federal

4

162,000

88,000

5

Grants - Anticipated

3,000

6

Spencer Schools Misc. Reciepts

30,249

75,000

99 119,078 6,783 154,885

6,565

50,000

7

Total Receipts

11,084 219,275

92,275

4,275

79,275

4,275

4,275

8

TRANSFERS IN

9

Local Option Sales Tax

10 115,000 115,000 115,007 115,000 115,000 115,000 115,000 115,000 115,000

Misc. Transfers

15,000

5,000.00

11

TIF Funds

111,158

12

Cap. Imp. Overpayment

13 Total Transfers 14

130,000 115,000 120,007 115,000 226,158 115,000 115,000 115,000 115,000

DISBURSEMENTS

15

Capital Projects Misc. Expenses

16 302,126 351,404 319,093 129,862 558,837 108,579 203,579

70,079

35,000

11,250

17

Transfer Out

18 Total Disbursements 19

313,376 351,404 319,093 129,862 558,837 108,579 203,579

70,079

35,000

Beginning Park Reserve 20

583,857 407,265 325,747 137,744 342,157 101,753 112,449 103,145 152,341 136,783 269,885 131,091 334,275 318,433 119,275 194,275 119,275 119,275

Deposits 21

Capital Expenditures 22 Ending Park Reserve 23

313,376 351,404 319,093 129,862 558,837 108,579 203,579

70,079

35,000

407,265 325,747 137,744 342,157 101,753 112,449 103,145 152,341 236,616