FY2024 Proposed Budget

City of Iowa City All Funds Revenues by Type

2020 Actual

2021 Actual

2022 Actual

2023 Revised

2024 Budget

2025 Projected

Budgetary Fund Revenues

Property Taxes

59,360,168 $

66,780,996 $

66,604,726 $

66,474,472 $

68,015,786 $

70,027,485 $

Other City Taxes

Gas/Electric Excise Tax Mobile Home Tax Hotel/Motel Tax Utility Franchise Tax

677,091 51,220

643,961 63,002 938,048 993,852

684,491 56,797

688,134 62,999

680,064 56,797

680,064 56,797

1,134,864

1,708,182 1,148,998 4,016,096 7,614,563

1,134,862

1,708,100 1,151,500 4,083,031 7,679,492

1,708,100 1,151,500 4,144,479 7,740,940

883,652

993,850

TIF Revenues

3,434,710 6,181,536

2,637,854 5,276,717

4,113,733 6,993,578

Other City Taxes Total

Licenses, Permits, & Fees General Use Permits

15,063 95,476

18,029 24,651

101,740 181,740

65,920 94,510

102,610 181,740

102,610 181,740

Food & Liquor Licenses Professional License

3,925

3,760

2,755

3,760

2,755

2,755

Franchise Fees

438,753 68,060

724,570 73,547

540,221 72,071

582,920 62,930

540,200 70,216

540,200 70,216

Miscellaneous Permits & Licenses Construction Permits & Inspection Fees

1,742,746 2,364,024

1,707,958 2,552,515

1,899,487 2,798,014

1,783,010 2,593,050

1,676,600 2,574,121

1,676,600 2,574,121

Licenses, Permits, & Fees Total

Use Of Money And Property Interest Revenues

3,277,337 1,177,377

981,957

838,090

1,238,903 1,497,405

1,663,326 1,509,022

1,632,672 1,424,647

Rents

1,084,618

1,429,868

Royalties & Commissions

100,348

120,765

147,441

139,012

126,915

126,915

Use Of Money And Property Total

4,555,062

2,187,339

2,415,399

2,875,320

3,299,263

3,184,234

Intergovernmental

Federal Intergovernmental Revenue

15,404,149 1,519,888 9,163,303 2,107,692

26,600,680 1,593,623 10,076,978 2,128,143

34,765,406 1,554,618 9,900,316 2,134,088

27,854,023 1,249,633 9,390,000 2,452,760

18,880,564 1,602,806 9,900,316 2,632,892

40,345,564 1,299,818 9,999,319 2,107,892

Property Tax Credits

Road Use Tax

State 28E Agreements Operating Grants Disaster Assistance Other State Grants Local 28E Agreements

66,984

61,849

58,765 57,835

61,850

55,875

55,875

-

2,700

-

-

-

5,601,294 1,280,923 35,144,234

2,257,948 1,343,940 44,065,861

1,951,997 1,359,171 51,782,195

3,996,405 2,150,698 47,155,369

1,442,554 1,410,659 35,925,666

9,992,554 1,398,297 65,199,320

Intergovernmental Total

Charges For Fees & Services Building & Development

492,643 188,901 13,484 968,924 467,105 53,024 8,880

2,678,588

4,106,145

455,270 75,000 11,740 11,070

532,214 80,000 19,403 927,000 594,123 60,151 9,300

532,214 80,000 19,403 927,000 594,123 60,151 9,300

Police Services

13,523 11,742 11,734 668,695 267,221 57,336

51,726 19,403 11,820 919,435 571,135 66,099

Animal Care Services

Fire Services Transit Fees

1,012,890

Culture & Recreation

705,255 62,302

Miscellaneous Charges For Services

Water Charges

10,051,603 12,353,935 4,185,695 5,961,888 1,730,056 4,795,660

9,937,678 12,152,455 4,572,826 7,326,438 1,700,792 4,154,129

10,128,971 12,117,702 4,580,213 6,663,449 1,704,329 5,382,494

9,991,670 12,152,450 4,910,272 6,498,175 1,700,790 6,343,059

10,555,850 12,359,703 5,606,035 6,148,000 1,880,000 5,825,255

10,661,405 12,483,300 5,655,638 6,148,000 1,898,800 5,875,944

Wastewater Charges

Refuse Charges Landfill Charges

Stormwater Charges

Parking Charges

Charges For Fees & Services Total

41,271,797 $

43,553,157 $

46,322,922 $

43,929,943 $

44,597,034 $

44,945,278 $

306