FY25 Proposed Budget

Iowa City Property Management (2510) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

194,571 $

233,030 $

249,177 $

345,486 $

365,245 $

419,045

Revenues:

Use Of Money And Property Interest Revenues

$

879

$

108,299 156,108

$

2,022

$

2,022

$

5,000

$

5,000

Rents

242,453

253,392 11,574

253,392 11,574

221,575

221,575

Royalties & Commissions

-

-

-

-

Miscellaneous Other Miscellaneous Revenue

-

45

-

-

-

-

Total Revenues

$

243,332 $

264,452 $

266,988 $

266,988 $

226,575 $

226,575

Expenditures:

Iowa City Property Management

$

-

$

2,765

$

11,574 $

11,574 83,041 29,319 84,375 38,920

$

3,000

$

3,000

Peninsula Apartments

92,222 27,525 85,126

57,463

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

76,000

287,952

Augusta Place Apartments South District Townhomes

4,962

4,900

4,998

68,837 17,969

60,525 28,350

53,576 28,917 378,443 267,177

Railroad Rental Units

-

Total Expenditures

$ $

204,873 $ 233,030 $

151,996 $ 345,486 $

247,229 $ 268,936 $

247,229 $ 365,245 $

172,775 $ 419,045 $

Fund Balance, June 30

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

233,030 $

345,486 $

268,936 $

365,245 $

419,045 $

267,177

% of Revenues

114%

227%

109%

148%

243%

71%

400