FY2024 Proposed Budget

Membership Distribution by Place of Residence FY15 FY16 FY17 FY18 FY19 FY20

FY21

FY22

Percent of Members, Iowa City Residents Percent Johnson County Residents (Outside Iowa City)

80.0%

81.0%

80.6%

80.41% 80.77% 74.48% 82.88% 82. 56 %

18.1%

17.0%

17.4% 17.79% 17.09% 13.97% 14.81% 15.13 %

Percent non-Johnson County

1.9%

2.0%

2%

1.80%

2.14%

1.91%

2.30%

2. 31 %

During FY2022, the City of Iowa City supported 79% of the Senior Center’s budget. Senior Center revenue includes grants, donations, membership fees, parking fees, independent contractors, and rentals, etc. In FY2012, the City began applying for the Economic Development/Quality of Life Block Grant application to Johnson County for funding. From FY2012 -FY22 we have been approved for funding each year from between $70,000 to $60,000. We will continue to apply for increased funding from this fund as we continue to partner with rural communities in the county.

Iowa City Senior Center Finances FY18 FY19 FY20

FY21

FY22

Senior Center Revenue Senior Center Expenses Iowa City Contribution

$263,767 $877,515 $613,748

$257,245 $863,699 $606,454

$247,595 $913,615 $666,020

$188,346 $927,263 $738,917

$ 211,737 $ 1,031,992

$ 820,255

The Center’s goal is for revenue from sources other than Iowa City property taxes to support 30 % of the C enter’s budget. This goal of 30 % includes but is not limited to: intergovernmental grants, membership & program fees, contributions & donations, parking permit sales, and rental fees. This calculation is based on the general revenues subsidy divided by the total expenditures and transfers in General Fund (1000 only). Cost Recovery Percentage FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Cost Recovery 26.97% 27.88% 29% 30% 30% 27% 21% 21%

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