FY2024 Proposed Budget

City of Iowa City Housing Authority (7900 - 7922) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

6,225,968 $

7,339,090 $

7,828,046 $

5,925,598 $

5,925,598 $

6,759,039 $

Revenues:

Use Of Money And Property Interest Revenues

$

23,562 281,556 49,394

$

101,062 280,156 47,922

$

22,929 295,785 63,667

$

14,706 281,556 65,532

$

35,000 295,780 65,734

$

23,562 281,556 49,394

Rents

Royalties & Commissions

Intergovernmental Federal Ingergovernmental Revenue

11,901,251

9,874,826

9,690,623

11,480,640

10,464,171

11,901,251

Miscellaneous

10,140

Other Miscellaneous Revenue

60,619

20,743

244,208

31,923

10,140

Other Financial Sources Loan Repayments

8,163

12,797

21,802

10,791

13,000

8,163

- -

Insurance Recoveries

2,258

-

- -

- -

- -

Sale Of Assets

28

28

Sub-Total Revenues

12,274,066

10,379,669

10,115,575

12,097,433

10,905,608

12,274,066

- -

Miscellaneous Transfers In

63,563 63,563

- -

- -

Sub-Total Transfers In

-

-

Total Revenues & Transfers In

12,274,066 $

10,443,232 $

10,115,575 $

12,097,433 $

10,905,608 $

12,274,066 $

Expenditures:

11,079,104 $

Voucher Program

9,252,541 $

9,144,010 $

10,811,582 $

10,020,779 $

11,311,007 $

607,101

Public Housing Program Sub-Total Expenditures

652,252

2,823,294 11,967,304

934,006

529,668

621,253

11,686,204

9,904,793

11,745,588

10,550,447

11,932,259

Transfers Out:

22,936 31,855 54,791

Operating Subsidy - PILOT General Fund Miscellaneous Transfers Out - Director Reimb

20,714 28,769 49,483

21,232 29,488 50,720

21,699 30,137 51,836

22,936 31,855 54,791

23,624 32,811 56,435

Sub-Total Transfers Out

Total Expenditures & Transfers Out

11,740,995 $ 6,759,039 $

9,954,276 $ 7,828,046 $

12,018,024 $ 5,925,598 $

11,797,424 $ 6,225,607 $

10,605,238 $ 6,225,968 $

11,988,694 $ 7,044,411 $

Fund Balance, June 30

1,341,073

Restricted / Committed /Assigned

3,342,188

1,281,657

1,292,924

1,325,924

1,356,223

Unassigned Balance

5,417,967 $

4,485,858 $

4,643,941 $

4,932,684 $

4,900,044 $

5,688,189 $

% of Revenues & Transfers In

44%

43%

46%

41%

45%

46%

507