FY25 Proposed Budget

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

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 5,925,598 6,225,607 $ $ 6,225,968 $ 6,173,091 $ 6,706,163 $ 7,098,425

Revenues:

Use Of Money And Property Interest Revenues

$

14,706 $

180,089 $

23,562 $

23,562 $

82,000 $

82,000 307,400 41,600

Rents

281,556 65,532

307,363 41,374

281,556 49,394

281,556 49,394

307,400 41,600

Royalties & Commissions

Intergovernmental

Federal Ingergovernmental Revenue

11,480,640 11,380,065

11,901,251 11,901,251

12,448,528

12,448,528

Miscellaneous

Other Miscellaneous Revenue

244,208

5,122

10,140

10,140

5,200

5,200

Other Financial Sources Loan Repayments

10,791

9,704

8,163

8,163

8,000

8,000

Sale Of Assets

-

3

-

-

-

-

Sub-Total Revenues

12,097,433 11,923,720

12,274,066 12,274,066

12,892,728

12,892,728

Miscellaneous Transfers In

- -

- -

- -

30,116 30,116

- -

- -

Sub-Total Transfers In

Total Revenues & Transfers In

$ 12,097,433 11,923,720 $ $ 12,274,066 12,304,182 $ $ 12,892,728 $ 12,892,728

Expenditures:

Voucher Program

$ 10,811,582 11,239,844 $ $ 11,079,104 11,104,586 $ $ 11,630,250 $ 11,874,296

Public Housing Program Sub-Total Expenditures

934,006

681,601

607,101

611,734

839,516

806,460

11,745,588 11,921,445

11,686,204 11,716,320

12,469,766

12,680,757

Transfers Out:

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

21,699 30,137 51,836

22,936 31,855 54,791

22,936 31,855 54,791

22,936 31,855 54,791

30,700

31,621

-

-

Sub-Total Transfers Out

30,700

31,621

Total Expenditures & Transfers Out

$ 11,797,424 11,976,236 $ $ 11,740,995 11,771,111 $ $ 12,500,466 $ 12,712,378 $ 6,225,607 6,173,091 $ $ 6,759,039 $ 6,706,163 $ 7,098,425 $ 7,278,775

Fund Balance, June 30

Restricted / Committed /Assigned

1,293,526

1,340,537

1,341,675

1,355,686

1,378,686

1,401,686

Unassigned Balance

$ 4,932,082 4,832,555 $ $ 5,417,365 $ 5,350,477 $ 5,719,739 $ 5,877,089

% of Revenues & Transfers In

41%

41%

44%

43%

44%

46%

497