FY24 Adopted Budget

City of Iowa City Housing Authority (7900 - 7922) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$ 7,339,090 7,828,046 $ $ 5,925,598 5,925,598 $ $ 6,225,968 $ 6,759,039

Revenues:

Use Of Money And Property Interest Revenues

35,000 $

23,562 $

$

101,062 $

22,929 $

14,706 $

23,562 281,556 49,394

281,556 49,394

Rents

280,156 47,922

295,785 63,667

281,556 65,532

295,780 65,734

Royalties & Commissions

Intergovernmental Federal Ingergovernmental Revenue

11,901,251

9,874,826 9,690,623

11,480,640 10,464,171

11,901,251

Miscellaneous

10,140

Other Miscellaneous Revenue

60,619

20,743

244,208

31,923

10,140

Other Financial Sources Loan Repayments

8,163

12,797

21,802

10,791

13,000

8,163

- -

Insurance Recoveries

2,258

-

- -

- -

- -

Sale Of Assets

28

28

Sub-Total Revenues

12,274,066

10,379,669 10,115,575

12,097,433 10,905,608

12,274,066

- -

Miscellaneous Transfers In

63,563 63,563

- -

- -

Sub-Total Transfers In

-

-

Total Revenues & Transfers In

$ 10,443,232 10,115,575 $ $ 12,097,433 10,905,608 $ $ 12,274,066 $ 12,274,066

Expenditures:

$ 9,252,541 9,144,010 $ $ 10,811,582 10,020,779 $ $ 11,079,104 $ 11,311,007

Voucher Program

607,101

Public Housing Program Sub-Total Expenditures

652,252 2,823,294 9,904,793 11,967,304

934,006

529,668

621,253

11,686,204

11,745,588 10,550,447

11,932,259

Transfers Out:

22,936 31,855 54,791

Operating Subsidy - PILOT General Fund Miscellaneous Transfers Out - Director Reimb

20,714 28,769 49,483

21,232 29,488 50,720

21,699 30,137 51,836

22,936 31,855 54,791

23,624 32,811 56,435

Sub-Total Transfers Out

Total Expenditures & Transfers Out

$ 9,954,276 12,018,024 $ $ 11,797,424 10,605,238 $ $ 11,740,995 $ 11,988,694 $ 7,828,046 5,925,598 $ $ 6,225,607 6,225,968 $ $ 6,759,039 $ 7,044,411

Fund Balance, June 30

1,341,073

Restricted / Committed /Assigned

3,342,188 1,281,657

1,292,924 1,325,924

1,356,223

Unassigned Balance

$ 4,485,858 4,643,941 $ $ 4,932,684 4,900,044 $ $ 5,417,967 $ 5,688,189

% of Revenues & Transfers In

44%

43%

46%

41%

45%

46%

507