FY2027 Adopted Budget

Changes from Proposed to Final Budget

Changes to revenues and transfers in from the proposed to adopted budget are as follows:

General Fund: o Revenues increased from $67,410,200 to $67,417,100, an increase of $6,900 to Property Taxes. Employee Benefits Fund: o Revenues increased from $16,371,200 to $16,373,600, an increase of $2,400 to Property Taxes. Iowa City Property Management Fund: o Revenues increased from $349,000 to $539,000, an increase of $190,000 to Use of Money and Property. General Fund: o Expenditures increased from $75,044,500 to $75,099,400, an increase of $54,900 to City Manager expenditures. Iowa City Property Management Fund: o Expenditures increased from $504,300 to $680,300, an increase of $176,000 to Neighborhood & Development Services expenditures. Changes to expenditures and transfers out from the proposed to adopted budget are as follows:

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