FY2022

4. Use of Money & Property - This revenue source consists of interest income and rents and is budgeted at $802,367 for fiscal year 2022. The fiscal year 2022 budget is an increase of 36.1% of the fiscal year 2021 revised budget of $589,480; additionally, there is an average increase of 7.5% over the last five years. The increase from the fiscal year 2021 estimate is from an increase in estimated interest income; the average increase over the last five years is a result of increased interest income and rent revenue. 5. Intergovernmental - This revenue category includes state and federal grants, 28E agreements, and contracts with local governmental entities. Intergovernmental revenue is budgeted at $4.01 million in fiscal year 2022. The fiscal year 2022 budget is a decrease of 33.4% of the fiscal year 2021 revised budget of $6.01 million, and there is an average increase of 5.7% over the last five years. The decrease in fiscal year 2022 is from a decrease in federal revenue largely attributed to CARES act funding received in fiscal year 2021, and the average increase over the last five years is from the increases in state and local 28E agreements. The majority of intergovernmental revenue is the result of 28E agreements with local entities for services provided to area residents, as shown in the following schedule. The largest of these agreements is for fire protection services to the University of Iowa, estimated at $2 million in fiscal year 2022, with $1.6 million receipted into the General Fund. The remainder is deposited into the Employee Benefits Fund as reimbursement for a percentage of Fire employee benefits and into the Capital Projects Fund as reimbursements for a percentage of Fire capital asset replacement.

FY2019 Actual

FY2020 Actual

FY2021

FY2022

FY2023

Revised Budget

Projected

Intergovernmental Funding

Local Governmental: 28E Agreements Coralville, Johnson County & Other Governments - Animal Services IC Comm. Schools - Mercer Pool County, Univ Heights, Hills - Library Johnson County - Senior Center Downtown District - Police Department University Heights - Fire Department

227,451 $

242,531 $

283,530 $

265,291 $

265,291 $

97,400 610,820 60,000 20,000 34,343

95,560 542,174 60,000 20,000 32,186

97,395 565,694 60,000 20,000 32,498

95,560 584,610 60,000 20,000 32,818 1,100 30,450

97,400 610,820 60,000 20,000 34,343

University Heights - Revenue

-

552

640

640

JECC - Accounting

29,150

29,879

31,050

31,050

Local Governmental Revenue:

1,006,521

1,048,550

1,108,068

1,119,544

1,119,544

State Revenue: Public Safety Grants Operating Grants Property Tax Credits Other State Grants Total State Revenue: Federal Revenue: Public Safety Grants

5,742

4,725

825

825

825

University of Iowa - Fire Protection

1,600,044 69,584 908,337

1,643,190 66,984 903,008

1,643,190

1,643,190 66,980 925,241

1,643,190 66,980 925,241

69,580

1,146,049

3,333

-

-

-

-

2,587,040

2,617,907

2,859,644

2,636,236

2,636,236

246,158

497,107

342,168

255,439

246,158

Department of Interior

8,026

- -

-

- -

- -

CARES Act

-

1,785,582 2,041,021 6,008,733 $

Total Federal Revenue:

505,133

342,168

246,158

246,158

Total - Intergovernmental Funding:

4,098,694 $

4,008,624 $

4,001,938 $

4,001,938 $

119