FY24 Adopted Budget

FY2021 Actual

FY2022 Actual

FY2023 Revised

FY2024 Budget

FY2025 Projected

Intergovernmental Funding

Local Governmental: 28E Agreements Coralville, Johnson County & Other Governments - Animal Services IC Comm. Schools - Mercer Pool County, Univ Heights, Hills - Library Johnson County - Senior Center University Heights - Fire Department

$ 285,679

$ 265,443 $ 262,771 $ 287,482 $ 287,482

98,846 607,429 60,300 32,818

99,785 607,399 62,430 34,343

98,850 652,410

104,850 640,498 62,430 34,343

104,850 640,498 62,430 34,343

-

36,403

University Heights - Revenue

1,101

1,009

1,100

1,009

1,009

JECC - Accounting

30,626

31,391

32,177

32,981

32,981

Local Governmental Revenue:

1,116,799

1,101,800

1,083,711

1,163,593

1,163,593

State Revenue:

Public Safety Grants

-

3,975

3,975

3,975

3,975

University of Iowa - Fire Protection

1,716,326

1,627,211

1,716,330

1,769,259

1,769,259

Operating Grants Property Tax Credits Other State Grants Total State Revenue:

61,849 929,988 46,110

58,765 900,421 10,000

61,850 749,207

55,875 972,719 10,000

55,875 787,105 10,000

-

2,754,273

2,600,372

2,531,362

2,811,828

2,626,214

Federal Revenue:

Public Safety Grants

255,480 11,746

243,405 94,997

251,408

247,741

247,741

FEMA

- - -

- - -

- - -

CARES Act

1,785,629

-

ARPA

-

5,000

Total Federal Revenue:

2,052,855

343,402

251,408

247,741

247,741

Total - Intergovernmental Funding:

$5,923,927 $4,045,574 $3,866,481 $4,223,162 $4,037,548

6 . Charges for Fees and Services – These revenues are for direct fees and charges for the use of a City service, facility, or program. Divisions with fee-based services include: Parks and Recreation, Police (special events, contracted services), Fire (inspections), Housing & Building Inspection Services, Animal Care, and Cemetery services. Charges for Fees and Services are budgeted at $1.24 million in fiscal year 2024. The fiscal year 2024 revenue is a decrease of 2.2% of the fiscal year 2023 revised budget of $1.27 million, and there is an average increase of 4.6% over the last five years. The relative stagnation in the fiscal year 2023 budget is due to conservative estimates on recreation charges for fees and services; the average increase over the past five years due to recovery from the impact of the COVID 19 pandemic in fiscal years 2020 and 2021. 7. Miscellaneous - Miscellaneous revenue is budgeted at $7.1 million in fiscal year 2024. This category includes a variety of revenue sources, including parking fines ($306,634), magistrate court fines and surcharges related to code enforcement ($280,731) and contributions and donations ($532,306). Also included within this category are internal chargebacks of $5.6 million to the City’s Capital Projects Fund for legal and engineering services, and to the enterprise funds for administrative services. The fiscal year 2024 revenue is an increase of

323