FY2027 Adopted Budget

Iowa City Property Management (2510) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

345,486 $

408,086 $

333,386 $

504,919 $

287,669 $

146,369

Revenues:

Use Of Money And Property Interest Revenues

20,290 231,934

21,538 251,583

5,000

5,000

5,400

65,900 533,600

Rents

259,400

278,000

533,600

Miscellaneous Contributions & Donations

-

-

-

368,000 651,000

-

-

Sub-Total Revenues

252,224

273,121

264,400

539,000

599,500

Transfers In:

Transfer In - IC Housing Authority

- - -

- - -

- - -

714,500 212,100 926,600

- - -

- - -

Miscellaneous Transfer In

Sub-Total Transfers In

Total Revenues & Transfers In

$

252,224 $

273,121 $

264,400 1,577,600 $ $

539,000 $

599,500

Expenditures:

Iowa City Property Management

1,978

13,755 100,261

4,500

4,500

4,500

4,500

Peninsula Apartments

72,174

272,500

272,500

341,500 10,500 41,700 31,600 38,500

60,000 10,700 42,500 32,200 39,300

Augusta Place Apartments South District Townhomes

3,258

2,569

6,200

6,200

59,290 52,924

29,094 19,051

53,700 37,700 37,450

53,700 77,700 37,450

Railroad Rental Units

Legacy Condos Summit Street

- - - - -

9,663 1,895

5,800

5,800

5,800

5,916

Aspen Court Legacy #2 Valor Pointe

- - -

- - -

941,000 302,000 94,000

25,300

25,800

4,900

5,000

176,000

179,500 405,416 340,453

Total Expenditures

$

189,624 $

176,288 $

417,850 1,794,850 $ $

680,300 $

Fund Balance, June 30

408,086

504,919

179,936

287,669

146,369

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

408,086 $

504,919 $

179,936 $

287,669 $

146,369 $

340,453

% of Revenues

162%

185%

68%

18%

27%

57%

360