FY25 Proposed Budget

Capital Improvement Plan 2024-2028 City of Iowa City, Iowa

2024 thru 2028

FUNDING SOURCE SUMMARY

Total

2024

2025

2026

2027

2028

Source

AIRPORT FUND

107,500

350,000

93,554

125,000

15,000

691,054

EMERGENCY LEVY

325,000

325,000

EQUIPMENT FUND

7,400,000

7,400,000

FACILITY REPLACEMENT RESERVE

500,000

9,700,000

1,625,000

10,625,000

22,450,000

FEDERAL GRANTS

2,840,232

28,650,000

5,108,991

4,625,000

135,000

41,359,223

GENERAL FUND

895,000

1,025,000

800,000

850,000

400,000

3,970,000

GO BONDS-ESSENTIAL PURPOSE

9,150,000

12,550,000

11,638,000

13,220,000

15,015,000

61,573,000

GO BONDS-GENERAL PURPOSE

830,000

3,800,000

2,375,000

700,000

250,000

7,955,000

ITS FUND

100,000

100,000

100,000

100,000

100,000

500,000

LANDFILL FUND

660,750

500,000

689,250

147,500

1,997,500

LANDFILL REPLACEMENT RESERVE

4,250,000

75,000

4,325,000

LANDFILL SURCHARGE FUND

60,000

60,000

OTHER LOCAL GOVERNMENTS

160,000

160,000

OTHER STATE GRANTS

850,000

8,200,000

9,050,000

PARKING FUND

1,015,000

1,450,000

1,350,000

1,685,000

2,565,000

8,065,000

REFUSE COLLECTION FUND

250,000

250,000

REIMBURSEMENT OF EXPENSES

1,800,000

1,800,000

REVENUE BONDS

33,000,000

33,000,000

ROAD USE TAX FUND

3,145,000

3,200,000

3,100,000

3,160,000

3,000,000

15,605,000

STORMWATER FUND

935,000

1,035,000

1,090,000

240,000

240,000

3,540,000

TRANSIT FUND

6,535,000

2,205,500

25,000

25,000

25,000

8,815,500

UNIVERSITY OF IOWA

425,000

100,000

150,000

675,000

UTILITY FRANCHISE TAX

313,470

362,800

362,800

362,800

362,800

1,764,670

WASTEWATER FUND

3,423,000

1,360,000

926,000

2,141,000

4,972,000

12,822,000

WATER FUND

2,830,000

1,770,000

3,100,000

2,250,000

2,050,000

12,000,000

GRAND TOTAL

73,929,952

75,808,300

40,104,345

40,958,050

29,352,300

260,152,947

510

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