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FY 2017 Year-End Statement of Receipts, Disbursements and Indebtedness
Posted Date:
10/27/2017
The City is required to prepare and post our fiscal year-end Statement of Receipts, Disbursements and Indebtedness. The City of Weldon Spring operates on an October - September fiscal year so September 30, 2017 was the year-end of our fiscal year.

You will find attached the City's unaudited FY 2017 Year-End Statement of Receipts, Disbursements and Indebtedness which the Board of Aldermen approved at their October 26, 2017 meeting. The financial report outlines the City revenue, expenditures and current debt.

The City revenue is made up of  franchise fees, licenses and permits, court fines and fees, local sales tax , motor vehicle sales and fees, federal & local county road grants, sewer assessment and fees and other misc. revenues. Due to timing the St.Charles County Road Board Grant reimbursements made up the majority of the City revenue for the fiscal year which culminated on September 30, 2017.

The City expenditures are made up of personnel services, professional services, operating expenses, law enforcement, debt service, capital improvements, and capital expenditures on city streets. The highest City expenditure is on capital expenditures on city streets. 

Currently the City's outstanding debt is $140,000 for the Neighborhood Improvement District or NID which extended a sewer collection system to under serviced portions of the City back in 2001.

Among all funds the unaudited FY 2017 Statement of Receipts, Disbursements and Indebtedness reflects a net increase of $706,954 in revenues over expenditures. 

 

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City of Weldon Spring    -    5401 Independence Road    -    Weldon Spring, MO 63304
Phone: (636) 441-2110    -    Fax: (636) 441-8495
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