FY25 Proposed Budget

Membership Distribution by Place of Residence

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

Percent of Members, Iowa City Residents Percent Johnson County Residents (Outside Iowa City)

81.0%

80.6% 80.41% 80.77% 74.48% 82.88% 82.56% 83.03%

17.0%

17.4% 17.79% 17.09% 13.97% 14.81% 15.13% 14.25%

Percent non-Johnson County

2.0%

2%

1.80%

2.14%

1.91%

2.30%

2.31%

2.64%

During FY2022, the City of Iowa City supported 79% of the Senior Center’s budget. Senior Center revenue includes grants, donations, membership fees, parking fees, independent contractors, and rentals, etc. In FY2012, the City began applying for the Economic Development/Quality of Life Block Grant application to Johnson County for funding. From FY2012 -FY22 we have been approved for funding each year from between $70,000 to $60,000. As for FY24 we have established a service agreement with the County which does not require us to apply for grant funding for future years.

Iowa City Senior Center Finances FY19 FY20 FY21

FY22

FY23

Senior Center Revenue

$257,245

$247,595

$188,346

$211,737

$150,520

Senior Center Expenses

$863,699

$913,615

$927,263

$1,031,992

$1,053,569

Iowa City Contribution

$606,454

$666,020

$738,917

$820,255

$903,049

The Senior Center’s goal is for revenue from sources other than Iowa City property taxes to support 30% of the Center’s budget. This goal of 30% includes but is not limited to: intergovernmental grants, membership & program fees, contributions & donations, parking permit sales, and rental fees. This calculation is based on the general revenues subsidy divided by the total expenditures and transfers in General Fund (1000 only).

Cost Recovery Percentage

FY16

FY17

FY18 30%

FY19 30%

FY20 27%

FY21 21%

FY22

FY23 14%

Cost Recovery

27.88%

29%

21%

702