FY26 Adopted Budget Final

4/9/25, 8:34 AM

Local Government Property Valuation System

NOTICE OF PUBLIC HEARING -- PROPOSED BUDGET Fiscal Year July 1, 2025 - June 30, 2026 City of: IOWA CITY The City Council will conduct a public hearing on the proposed Budget at: 410 E. Washington St., Emma Harvat Hall Meeting Date: 4/15/2025 Meeting Time: 06:00 PM At the public hearing any resident or taxpayer may present objections to, or arguments in favor of , any part of the proposed budget. This notice represents a summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor. City budgets are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult https://dom.iowa.gov/local-budget-appeals . The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor, City Clerk, and at the Library. The estimated Total tax levy rate per $1000 valuation on regular property 15.63305 The estimated tax levy rate per $1000 valuation on Agricultural property is 3.00375

At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget.

Phone Number (319) 356-5041

City Clerk/Finance Officer's NAME Kellie Grace Budget FY 2026 Re-estimated FY 2025 Actual FY 2024

Revenues & Other Financing Sources Taxes Levied on Property Less: Uncollected Property Taxes-Levy Year

1 2 3 4 5 6 7 8 9

70,579,069

68,821,450

66,212,366

0

0

0

Net Current Property Taxes

70,579,069

68,821,450

66,212,366

Delinquent Property Taxes

0

0

13,185

TIF Revenues Other City Taxes Licenses & Permits

4,166,800 4,734,689 2,182,800 3,251,300 55,441,442 58,013,200 11,522,600 14,257,700 54,811,177 278,961,577 18,163,300 10,874,050 14,375,600 14,390,900 37,577,800 143,058,750 94,945,774 238,004,524 54,811,177 292,815,701 -13,854,124 151,768,394 137,914,270 800 33,296,700 13,695,700 684,700

4,388,100 3,576,300 2,122,880 3,171,385 57,211,304 54,475,737 5,764,761 49,922,475 65,414,310 314,870,702 17,751,560 25,779,100 14,516,677 13,787,740 74,005,769 192,062,813 145,081,853 337,144,666 65,414,310 402,558,976 -87,688,274 239,456,668 151,768,394 2,000 32,281,191 13,253,200 687,576

4,304,866 3,822,266 3,044,155 11,733,188 39,341,011 51,697,337 3,454,212 12,658,945 65,314,522 261,596,053 16,898,654 16,722,676 12,627,157 13,189,955 20,533,546 122,586,667 71,617,362 194,204,029 65,314,522 259,518,551 237,379,166 239,456,668 0 29,663,236 12,254,943 696,500 2,077,502

Use of Money and Property

Intergovernmental

Charges for Fees & Service

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Special Assessments

Miscellaneous

Other Financing Sources

Transfers In

Total Revenues and Other Sources Expenditures & Other Financing Uses Public Safety

Public Works

Health and Social Services Culture and Recreation

Community and Economic Development

General Government

Debt Service Capital Projects

Total Government Activities Expenditures

Business Type / Enterprises Total ALL Expenditures

Transfers Out

Total ALL Expenditures/Transfers Out

Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out

Beginning Fund Balance July 1 Ending Fund Balance June 30

711

https://dom-localgov.iowa.gov/budget-renderer?id=21391

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