HomeMy WebLinkAboutPH - Amended FY25 Budget - PUBLISH 04-03-25REVENUES & 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 2 3,576,300
Licenses & Permits 7 2,122,880 0 2,122,880
Use of Money & Property 8 3,171,385 0 3,171,385
Intergovernmental 9 75,672,982 -18,461,678 57,211,304
Charges for Service 10 56,579,585 -2,103,848 54,475,737
Special Assessments 11 2,000 0 2,000
Miscellaneous 12 12,023,211 -6,258,450 5,764,761
Other Financing Sources 13 49,035,590 886,885 49,922,475
Transfers In 14 64,934,610 479,700 65,414,310
Total Revenues & Other Sources 15 340,328,091 -25,457,389 314,870,702
EXPENDITURES & OTHER FINANCING USES
Public Safety 16 32,276,392 4,799 32,281,191
Public Works 17 13,184,600 68,600 13,253,200
Health and Social Services 18 687,576 0 687,576
Culture and Recreation 19 17,726,460 25,100 17,751,560
Community and Economic Development 20 25,807,149 -28,049 25,779,100
General Government 21 14,396,678 119,999 14,516,677
Debt Service 22 13,787,740 0 13,787,740
Capital Projects 23 79,353,654 -5,347,885 74,005,769
Total Government Activities Expenditures 24 197,220,249 -5,157,436 192,062,813
Business Type/Enterprise 25 163,228,681 -18,146,828 145,081,853
Total Gov Activities & Business Expenditures 26 360,448,930 -23,304,264 337,144,666
Transfers Out 27 64,934,610 479,700 65,414,310
Total Expenditures/Transfers Out 28 425,383,540 -22,824,564 402,558,976
Excess Revenues & Other Sources Over
(Under) Expenditures/Transfers Out 29 -85,055,449 -2,632,825 -87,688,274
Beginning Fund Balance July 1, 2024 30 158,684,272 80,772,396 239,456,668
Ending Fund Balance June 30, 2025 31 73,628,823 78,139,571 151,768,394
Explanation of Changes: Amendments include the review and modification of the 2025 CIP plan and various other smaller amendments. Additional detail is
on file from the Iowa City Finance Department.
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: 4/15/2025 06:00 PM Contact: Kellie Grace Phone: (319) 356-5041
Meeting Location: 410 E. Washington St., Emma Harvat Hall
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.
03/19/2025 01:01 PM Page 1 of 1