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HomeMy WebLinkAboutFY2010-2012 Financial Plan part 2 GOVERNMENT ACTIVITIES PUBLIC WORKS Public Works Administration Engineering Road Use Tax Street System Maintenance Traffic Engineering Public Transit Energy Conservation F Y 2 0 1 0 55 56 57 58 GOVERNMENT ACTIVITIES CULTURE & RECREATION Library Parks & Recreation F o r e s t r y Central Business District Cemetery / Perpetual Care Government Buildings Senior Center F Y 2 0 1 0 59 60 61 62 63 64 65 66 67 68 69 70 GOVERNMENTAL ACTIVITIES COMMUNITY & ECONOMIC DEVELOPMENT Planning & Community Dev. Admin. Urban Planning Neighborhood Services Economic Development Community Development – Non Grant Public Art General Rehabilitation & Improvement Program (GRIP, f/k/a TARP) Community Development Block Grant H.O.M.E. Program Peninsula Apartments Tax Increment Financing (TIF) Districts Johnson County Council of Governments F Y 2 0 1 0 71 72 73 74 75 76 77 78 79 80 81 82 GOVERNMENTAL ACTIVITIES GENERAL GOVERNMENT City Council City Manager City Clerk City Attorney Police Citizen’s Review Board (PCRB) Personnel Human Rights Non-Operational Administration Human Service Agency Funding Community Event Funding Finance Department Tort Liability Insurance F Y 2 0 1 0 Employee Benefits Emergency Levy 83 84 85 86 87 88 89 90 91 92 93 94 GOVERNMENT ACTIVITIES DEBT SERVICE Debt Service Fund Schedule of General Obligation Debt F Y 2 0 1 0 95 FY2010 FY2011 FY2012 2001 G.O. / Multi-purpose 11,500,000 2016 6,060,000 1,034,280 1,037,193 1,032,630 2002 G.O. / Multi-purpose, $18.4 Mill Library Expansion 29,100,000 2021 16,895,000 2,811,980 2,809,160 2,815,960 2002 G.O. / Multi-purpose; Refunding '92 Capital Loan Notes, '94 GO, '95 GO, and '96 GO 10,600,000 2015 2,470,000 473,413 470,113 476,463 2003 G.O. / Multi-purpose 5,570,000 2014 2,710,000 596,450 599,785 597,460 2004 Taxable G.O. / Plaza Tower T.I.F. 7,305,000 2023 6,660,000 668,553 669,953 668,978 2005 G.0. / Multi-purpose 7,020,000 2015 4,505,000 854,475 855,500 855,650 2006A G.O. / Multi-purpose 6,265,000 2016 4,690,000 772,600 774,200 779,800 2006B G.O. Taxable 1,000,000 2016 765,000 132,383 132,433 137,208 2006C G.O. Refunding 1997A Capital Loan Notes 3,350,000 2017 2,415,000 398,883 382,723 371,590 2007 G.O. / Multi-purpose 8,870,000 2017 7,350,000 1,080,625 1,080,438 1,079,125 2008 G.O. / Multi-purpose 9,150,000 2018 8,355,000 1,100,119 1,098,794 1,096,656 2008B G.O. Refunding 1998, 1999 & 2000 Capital Loan Notes 17,005,000 2018 15,150,000 2,405,063 2,367,613 2,324,563 2009 GO - Proposed 6,630,000 2019 6,630,000 817,419 817,419 817,419 2010 GO - Proposed 9,300,000 2020 - - 1,162,500 1,162,500 2011 GO - Proposed 11,000,000 2021 - - - 1,375,000 2012 GO - Proposed 11,400,000 2022 - - - - 84,655,000$ 13,146,241$ 14,257,821$ 15,591,001$ Iowa City's property tax asking for debt service G.O. Debt Service Abatement (estimated): expenditures include the following abatements: G.R.I.P. (TARP) Loan Repayments (40,000) (40,000) (40,000) G.I.C.H.F. Loan Repayments Berry Court LP (25,940) (25,940) (25,940) Peninsula (45,970) (45,970) (45,970) Library Commercial Space Net Income (100,000) (100,000) (100,000) With $13.1 million scheduled in principal and Water User Fees (752,288) (745,009) (742,104) interest payments, the property tax asking is T.I.F. District Property Tax Revenue (668,553) (669,953) (668,978) reduced by $1.8 million in debt service Aviation Commerce Park Sales (216,000) (216,000) (216,000) abatements.Total G.O. Debt Service Abatement:(1,848,751) (1,842,872) (1,838,991) 11,297,490$ 12,414,949$ 13,752,009$ Debt Service Payments Principal Outstanding June 30, 2009 Debt Service Levy Requirement: Issue / Use of Funds Total - General Obligation Debt Service: Fiscal Year Debt Paid in Full Amount of Issue General Obligation Bonds Outstanding Debt Obligation at June 30, 2009 Summary by Individual Issue 96 BUSINESS TYPE ACTIVITIES Water Operations Wastewater Operations Airport Landfill Operations Refuse Collection Broadband Telecommunications Housing Authority Stormwater Management Parking Operations F Y 2 0 1 0 97 98 99 100 101 102 103 104 105 106 107 108 INTERNAL SERVICE FUNDS Equipment / Fleet Maintenance Information Technology Services (ITS) Risk Management Loss Reserves Central Services Health and Dental Insurance Reserves F Y 2 0 1 0 109 110 111 112 113 114 115 116