Loading...
HomeMy WebLinkAboutPH - Budget Amendment 1 - PUBLISH 9-5-24REVENUES & OTHER FINANCING SOURCES Total Budget as Certified or Last Amended Current Amendment Total Budget After Current Amendment Taxes Levied on Property 1 68,821,450 0 68,821,450 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 68,821,450 0 68,821,450 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 4,388,100 0 4,388,100 Other City Taxes 6 3,576,298 0 3,576,298 Licenses & Permits 7 2,122,880 0 2,122,880 Use of Money & Property 8 3,171,385 0 3,171,385 Intergovernmental 9 65,768,611 9,904,371 75,672,982 Charges for Service 10 56,579,585 0 56,579,585 Special Assessments 11 2,000 0 2,000 Miscellaneous 12 10,151,601 1,871,610 12,023,211 Other Financing Sources 13 16,770,900 32,264,690 49,035,590 Transfers In 14 57,338,700 7,595,910 64,934,610 Total Revenues & Other Sources 15 288,691,510 51,636,581 340,328,091 EXPENDITURES & OTHER FINANCING USES Public Safety 16 31,911,220 365,172 32,276,392 Public Works 17 13,161,600 23,000 13,184,600 Health and Social Services 18 687,576 0 687,576 Culture and Recreation 19 17,695,590 30,870 17,726,460 Community and Economic Development 20 10,229,871 15,577,278 25,807,149 General Government 21 13,626,818 769,860 14,396,678 Debt Service 22 13,787,740 0 13,787,740 Capital Projects 23 41,047,794 38,305,860 79,353,654 Total Government Activities Expenditures 24 142,148,209 55,072,040 197,220,249 Business Type/Enterprise 25 99,559,142 63,669,539 163,228,681 Total Gov Activities & Business Expenditures 26 241,707,351 118,741,579 360,448,930 Transfers Out 27 57,338,700 7,595,910 64,934,610 Total Expenditures/Transfers Out 28 299,046,051 126,337,489 425,383,540 Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out 29 -10,354,541 -74,700,908 -85,055,449 Beginning Fund Balance July 1, 2024 30 158,684,272 0 158,684,272 Ending Fund Balance June 30, 2025 31 148,329,731 -74,700,908 73,628,823 Explanation of Changes: Amendment includes carryover of revenues and expenditures for projects in the CIP plan, as well as expenditures carried forward for Black Lives Matter of $648,100, CDBG/HOME of $2,698,000, and ARPA of $10,807,100. NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET City of IOWA CITY Fiscal Year July 1, 2024 - June 30, 2025 The City of IOWA CITY will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2025 Meeting Date/Time: 9/17/2024 06:00 PM Contact: Kellie Grace Phone: (319) 356-5041 Meeting Location: Emma Harvat Hall, 410 E. Washington St., Iowa City There will be no increase in taxes. Any residents or taxpayers will be heard for or against the proposed amendment at the time and place specified above. A detailed statement of: additional receipts, cash balances on hand at the close of the preceding fiscal year, and proposed disbursements, both past and anticipated, will be available at the hearing. Budget amendments are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult https://dom.iowa.gov/local-gov-appeals. 08/20/2024 04:36 PM Page 1 of 1