FY25 Proposed Budget

FY2022 Actual

FY2023 Actual

FY2024 Revised

FY2025 Budget

FY2026 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 Downtown District - Police Department University Heights - Fire Department

$ 265,443 262,679 $ 99,785 104,849 607,399 629,705

$ 287,482 308,700 $ 104,850 115,500 640,498 636,200

$ 308,700

115,500 636,200 62,400 10,000 36,400

62,430

-

62,430

62,400 10,000 36,400

-

10,000 36,403

-

34,343

34,343

University Heights - Revenue

1,009

1,208

1,009

1,200

1,200

JECC - Accounting

31,391

32,128

32,981

33,805

33,805

Local Governmental Revenue:

1,101,800 1,076,972

1,163,593 1,204,205

1,204,205

State Revenue:

Public Safety Grants

3,975

6,450

3,975

6,500

6,500

University of Iowa - Fire Protection

1,627,211 1,769,259

1,769,259 1,939,100

1,939,100

Operating Grants

58,765

71,122

55,875

54,000

54,000 674,600 20,000

Property Tax Credits Other State Grants Total State Revenue: Federal Revenue: Public Safety Grants

900,421 740,556

972,719 860,100

10,000

11,381

10,000

20,000

2,600,372 2,598,768

2,811,828 2,879,700

2,694,200

243,405 232,456

247,741 305,529

305,529

FEMA

94,997

-

- - -

-

-

Forestry Grants

-

10,000

5,000

5,000

ARPA

5,000

-

-

-

Total Federal Revenue:

343,402 242,456

247,741 310,529

310,529

Total - Intergovernmental Funding:

$ 4,045,574 3,918,196 $

$ 4,223,162 4,394,434 $

$ 4,208,934

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 2025. The fiscal year 2025 revenue is an increase of 0.1% of the fiscal year 2024 revised budget of $1.24 million, and there is an average increase of 10.5% over the last five years. The relative stagnation in the fiscal year 2025 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 $7.3 million in fiscal year 2025. This category includes a variety of revenue sources, including parking fines ($367,000), magistrate court fines and surcharges related to code enforcement ($161,700) and contributions and donations ($322,800). Also included within this category are internal chargebacks of $5.8 million to the City’s Capital Projects Fund for legal and engineering services, and to the enterprise funds for administrative services. The fiscal year 2025 revenue is an increase of 2.0% of the fiscal year 2024 revised budget of $7.2 million and there is an average increase of 4.1% over the last five years. The average increase amounts are due to the increases in administrative chargebacks.

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