FY25 Proposed Budget

3. Licenses & Permits - This category consists of revenue received for building and rental housing permits/inspections, franchise fees, plumbing license and taxi license fees; beer, liquor and cigarette permit/license fees (state regulated), sign permits, burial permits, animal licensing and some miscellaneous fees. Fiscal year 2025 budget for Licenses and Permits is estimated at $2.59 million. The fiscal year 2025 revenue is an increase of 0.9% over the fiscal year 2024 revised budget of $2.57 million, but the average over the last five years is an increase of 2.2%. 4. Use of Money & Property - This revenue source consists of interest income and rents and is budgeted at $1,018,100 for fiscal year 2025. The fiscal year 2025 budget is an decrease of 1.5% of the fiscal year 2024 revised budget of $1,033,209; additionally, there is an average increase of 22.8% over the last five years. The decrease from the fiscal year 2024 estimate is from a conservative estimate for interest income; the average increase over the last five years is a result of the increased interest rates. 5. Intergovernmental - This revenue category includes state and federal grants, 28E agreements, and contracts with local governmental entities. Intergovernmental revenue is budgeted at $4.4 million in fiscal year 2025. The fiscal year 2025 budget is an increase of 4.1% of the fiscal year 2024 revised budget of $4.2 million, and there is an average increase of 5.0% over the last five years. The increase in fiscal year 2025 is from an increase in the University of Iowa fire protection contract and public safety grants, and the average increase over the last five years is from the increases in state and local 28E agreements. The majority of intergovernmental revenue is the result of 28E agreements with local entities for services provided to area residents, as shown in the following schedule. The largest of these agreements is for fire protection services to the University of Iowa, estimated at $2.4 million in fiscal year 2024, with $1.9 million receipted into the General Fund. The remainder is deposited into the Employee Benefits Fund as reimbursement for a percentage of Fire employee benefits and into the Capital Projects Fund as reimbursements for a percentage of Fire capital asset replacement.

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