FY2024 Proposed Budget

Capital Improvement Plan 2023-2027 City of Iowa City, Iowa

2023 thru 2027

FUNDING SOURCE SUMMARY

Total

2023

2024

2025

2026

2027

Source

AIRPORT FUND

97,650 350,000

47,000 350,000

165,000 350,000

140,000 350,000

117,000 350,000

566,650

EMERGENCY LEVY EQUIPMENT FUND

1,750,000 8,500,000 23,500,000 30,658,000 6,965,000 59,200,000 8,755,000

1,000,000

7,500,000 1,500,000

FACILITY REPLACEMENT RESERVE

750,000

10,125,000 21,885,000 1,210,000 10,825,000 2,100,000

1,625,000 5,280,000 1,070,000 12,820,000 1,850,000

9,500,000 1,053,000

FEDERAL GRANTS GENERAL FUND

2,020,000 2,465,000 6,735,000 2,705,000

420,000

1,285,000 13,135,000 1,400,000

935,000

GO BONDS-ESSENTIAL PURPOSE GO BONDS-GENERAL PURPOSE

15,685,000

700,000 100,000

ITS FUND

100,000 600,000

100,000

100,000 403,000

100,000 540,000

500,000

LANDFILL FUND

4,027,750

5,570,750 4,855,000

LANDFILL REPLACEMENT RESERVE OTHER LOCAL GOVERNMENTS

4,855,000

160,000

160,000

OTHER STATE GRANTS

1,825,350

850,000

9,400,000

12,075,350 3,490,000

PARKING FUND

840,000

1,000,000

650,000

500,000

500,000

REFUSE COLLECTION FUND REIMBURSEMENT OF EXPENSES

250,000

250,000 200,000

200,000

REVENUE BONDS

28,000,000 2,765,000

28,000,000 13,900,000 3,740,000 2,000,000 8,525,000 2,175,000 1,567,350 19,060,500 9,761,500

ROAD USE TAX FUND STORMWATER FUND

2,715,000

2,715,000

2,615,000 1,090,000

3,090,000

640,000

990,000

780,000

240,000

TAX INCREMENT FINANCING

2,000,000

TRANSIT FUND

475,000

325,000 525,000 313,470

7,575,000

75,000 150,000 313,470

75,000

UNIVERSITY OF IOWA UTILITY FRANCHISE TAX WASTEWATER FUND

1,500,000

313,470

313,470

313,470

6,131,000 1,067,500

2,455,000 3,944,000

3,213,500 1,400,000

3,593,500 1,800,000

3,667,500 1,550,000

WATER FUND

39,384,970

71,182,220

73,209,970

33,911,970

38,035,970

GRAND TOTAL

255,725,100

521