FY24 Adopted Budget

Iowa City Property Management (2510) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$

181,241 $

186,172 $

194,571 $

233,030 $

249,177 $

268,936

Revenues:

Use Of Money And Property Interest Revenues

$

3,253

$

928

$

879

$

1,000

$

2,022

$

2,022

Rents

62,244

84,234

242,453

242,445 19,678

253,392 11,574

169,017 11,574 182,613 11,574 295,147 29,905 29,498 366,124 85,425 -

Royalties & Commissions

-

-

-

Total Revenues Expenditures:

$

65,497 $

85,162 $

243,332 $

263,123 $

266,988 $

Iowa City Property Management

$

-

$

-

$

-

$

19,678 $

11,574 $

Peninsula Apartments

60,567

71,433

92,222 27,525 85,126

71,941 28,312 103,725 23,320

83,041 29,319 84,375 38,920

Augusta Place Apartments South District Townhomes

- - -

5,329

- -

Railroad Rental Units

-

Total Expenditures

$ $

60,567 $ 186,172 $

76,763 $ 194,571 $

204,873 $ 233,030 $

246,976 $ 249,177 $

247,229 $ 268,936 $

Fund Balance, June 30

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

186,172 $

194,571 $

233,030 $

249,177 $

268,936 $

85,425

% of Revenues

307%

253%

114%

101%

109%

23%

407