FY25 Proposed Budget

City of Iowa City All Funds Revenues by Type

2022 Actual

2023 Actual

2024 Budget

2024 Revised

2025 Budget

2026 Projected

Budgetary Fund Revenues

Property Taxes

$ 66,604,726 66,685,014 $ $ 66,312,743 66,312,743 $ $ 68,821,500 $ 70,882,620

Other City Taxes

Gas/Electric Excise Tax Mobile Home Tax Hotel/Motel Tax Utility Franchise Tax

684,491 56,797

783,780 52,976

680,064 56,797

680,064 56,797

656,400 52,800

656,400 52,800

1,708,182 1,148,998 4,016,096 7,614,563

1,885,263 1,116,963 4,093,617 7,932,599

1,708,100 1,151,500 4,083,031 7,679,492

1,708,100 1,151,500 4,059,847 7,656,308

1,750,400 1,116,700 4,388,100 7,964,400

1,750,400 1,116,700 4,552,300 8,128,600

TIF Revenues

Other City Taxes Total

Licenses, Permits, & Fees General Use Permits

101,740 181,740

104,127 118,650

102,610 181,740

102,610 181,740

107,080 116,700

107,080 116,700

Food & Liquor Licenses Professional License

2,755

2,155

2,755

2,755

2,000

2,000

Franchise Fees

540,221 72,071

508,934 59,731

540,200 70,216

540,200 70,216

470,000 61,000

470,000 61,000

Miscellaneous Permits & Licenses Construction Permits & Inspection Fees

1,899,487 2,798,014

2,060,778 2,854,375

1,676,600 2,574,121

1,676,600 2,574,121

1,836,100 2,592,880

1,836,100 2,592,880

Licenses, Permits, & Fees Total

Use Of Money And Property Interest Revenues

838,090

6,041,982 1,450,252

1,663,326 1,509,022

1,663,326 1,509,022

1,642,310 1,529,075

1,587,610 1,529,075

Rents

1,429,868

Royalties & Commissions

147,441

99,854

126,915

126,915

121,000

121,000

Use Of Money And Property Total

2,415,399

7,592,088

3,299,263

3,299,263

3,292,385

3,237,685

Intergovernmental

Federal Intergovernmental Revenue

34,765,406 22,351,695

18,880,564 35,331,964

48,997,706 1,404,500 10,500,000 2,508,500

23,727,697 1,098,257 10,605,000 2,473,300

Property Tax Credits

1,554,618

1,243,695

1,602,806 9,900,316 2,632,892

1,602,806 9,900,316 2,957,892

Road Use Tax

9,900,316 10,346,324

State 28E Agreements Operating Grants Disaster Assistance Other State Grants Local 28E Agreements

2,134,088

2,200,799

58,765 57,835

71,122 15,081

55,875

55,875

54,000

54,000

-

-

-

-

1,951,997 1,359,171

1,184,588 1,259,516

1,442,554 1,410,659

2,587,377 1,410,659

685,800

8,885,800 1,430,075 48,274,129

1,418,105 65,568,611

Intergovernmental Total

51,782,195 38,672,820

35,925,666 53,846,889

Charges For Fees & Services Building & Development

4,128,695

2,631,328

532,214 80,000 19,403 927,000 594,123 59,976 9,300

532,214 80,000 19,403 64,500 594,123 59,976 9,300

478,850 80,000 12,800

478,850 80,000 12,800

Police Services

51,726 19,403 11,820 919,435 571,135 66,099

101,476 12,826

Animal Care Services

Fire Services Transit Fees

9,060

9,100

9,100

1,054,035

-

-

Culture & Recreation

637,499 116,977

644,100 67,500

644,100 67,500

Miscellaneous Charges For Services

Water Charges

10,128,971 10,477,522 12,117,702 12,332,334

10,555,850 10,555,850 12,359,703 12,359,703

11,084,600 13,207,400 5,759,100 6,900,000 1,900,000 9,272,135

11,195,390 13,339,474 5,810,423 6,900,000 1,919,000 9,364,716

Wastewater Charges

Refuse Charges Landfill Charges

4,580,213 6,663,449 1,704,329 5,382,494

5,211,521 6,594,014 1,729,888 5,595,019

5,606,210 6,148,000 1,880,000 5,825,255

5,606,210 6,148,000 1,880,000 5,825,255

Stormwater Charges

Parking Charges

Charges For Fees & Services Total

$ 46,345,472 46,503,503 $ $ 44,597,034 43,734,534 $ $ 49,415,585 $ 49,821,353

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