FY26 Proposed Budget

Iowa City Property Management (2510) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

233,030 $

345,486 $

365,245 $

408,086 $

333,386 $

179,936

Revenues:

Use Of Money And Property Interest Revenues

9,668

20,290 231,934

5,000

5,000

5,000

5,000

Rents

254,739

221,575

221,575

259,400

259,400

Miscellaneous Other Miscellaneous Revenue

45

-

-

-

-

-

Total Revenues

$

264,452 $

252,224 $

226,575 $

226,575 $

264,400 $

264,400

Expenditures:

Iowa City Property Management

2,765

1,978

3,000

3,000

4,500

4,500

Peninsula Apartments

57,463

72,174

76,000

76,000

272,500

62,934

Augusta Place Apartments South District Townhomes

4,962

3,258

4,900

4,900

6,200

6,324

68,837 17,969

59,290 52,924

60,525 28,350

60,525 153,350

53,700 37,700 37,450

54,774 38,454 38,199

Railroad Rental Units

Legacy Condos Summit Street

- -

- -

- -

-

3,500

5,800

5,916

Total Expenditures

$

151,996 $

189,624 $

172,775 $

301,275 $

417,850 $

211,101 233,235

Fund Balance, June 30

345,486

408,086

419,045

333,386

179,936

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

345,486 $

408,086 $

419,045 $

333,386 $

179,936 $

233,235

% of Revenues

227%

215%

243%

111%

43%

110%

402