FY26 Proposed Budget

FY2023 Actual

FY2024 Actual

FY2025 Revised

FY2026 Budget

FY2027 Projected

Intergovernmental Funding

Local Governmental: 28E Agreements Coralville, Johnson County & Other Governments - Animal Services IC Comm. Schools - Mercer Pool County, Univ Heights, Hills - Library Johnson County - Senior Center Downtown District - Police Department University Heights - Fire Department

$ 262,679 273,997 $ $ 308,700 320,800 $ $ 320,800

104,849 113,226 629,705 640,498

115,500 119,900 636,200 674,000

119,900 674,000 62,400 10,000 41,600

-

62,430 10,000 39,370

62,400 10,000 36,400

62,400 10,000 41,600

10,000 36,403

University Heights - Revenue

1,208

734

1,200

700

700

JECC - Accounting

32,128

32,981

33,805

34,600

34,600

1,076,972 1,173,236

1,204,205 1,264,000

1,264,000

Local Governmental Revenue:

State Revenue:

Public Safety Grants

6,450

2,175

6,500

4,400

4,400

University of Iowa - Fire Protection

1,769,259 1,939,054

1,939,100 2,062,900

2,062,900

Operating Grants

71,122

68,697

54,000

65,000

65,000 424,600 10,000

Property Tax Credits Other State Grants Total State Revenue: Federal Revenue: Public Safety Grants

740,556 995,304

860,100 610,300

11,381

34,466

20,000

10,000

2,598,768 3,039,696

2,879,700 2,752,600

2,566,900

232,456 266,912

305,529 265,100

265,100

FEMA

-

265,193

-

- -

- -

Forestry Grants

10,000

5,000

5,000

242,456 537,105

310,529 265,100

265,100

Total Federal Revenue:

Total - Intergovernmental Funding:

$ 3,918,196 4,750,037 $ $ 4,394,434 4,281,700 $ $ 4,096,000

6 . Charges for Fees and Services – These revenues are for direct fees and charges for the use of a City service, facility, or program. Divisions with fee-based services include: Parks and Recreation, Police (special events, contracted services), Fire (inspections), Housing & Building Inspection Services, Animal Care, and Cemetery services. Charges for Fees and Services are budgeted at $1.236 million in fiscal year 2026. The fiscal year 2026 revenue is a decrease of 0.6% of the fiscal year 2025 revised budget of $1.243 million, and there is an average increase of 15.8% over the last five years. The relative stagnation in the fiscal year 2026 budget is due to conservative estimates on recreation charges for fees and services; the average increase over the past five years due to recovery from the impact of the COVID 19 pandemic in fiscal years 2020 and 2021. 7. Miscellaneous - Miscellaneous revenue is budgeted at $8.9 million in fiscal year 2026. This category includes a variety of revenue sources, including parking fines ($400,000), magistrate court fines and surcharges related to code enforcement ($157,300) and contributions and donations ($328,900). Also included within this category are internal chargebacks of $7.4 million to the City’s Capital Projects Fund for legal and engineering services, and to the enterprise funds for administrative services. The fiscal year 2026 revenue is an increase of 21.9% of the fiscal year 2025 revised budget of $7.3 million and there is an average increase of 8.5% over the last five years. The increase in fiscal year 2026 and the average increase amounts are due to the increases in administrative chargebacks.

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