FY26 Proposed Budget

Neighborhood and Development Services Department Division: Neighborhood Services Activity: Iowa City Property Management (490191)

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Expenditures:

Personnel

2,765 2,765

1,978 1,978

3,000 3,000

3,000 3,000

4,500 4,500

4,500 4,500

Total Expenditures

$

$

$

$

$

$

Division: Neighborhood Services Activity: Peninsula Apartments (490192)

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Revenues:

Use Of Money And Property Interest Revenues

9,668

20,290 77,332

5,000

5,000

5,000

5,000

Rents

84,050

84,100

84,100

70,000

70,000 75,000

Total Revenues

$

93,718 $

97,622 $

89,100 $

89,100 $

75,000 $

Expenditures: Services

41,088 16,375

55,205 16,969

58,400 17,600

58,400 17,600

61,700 210,800

62,934

Other Financial Uses

-

Total Expenditures

$

57,463 $

72,174 $

76,000 $

76,000 $

272,500 $

62,934

Division: Neighborhood Services Activity: Augusta Place Apartments (490116)

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Revenues:

Use Of Money And Property Rents

48,608

50,448

48,600

48,600

50,400

50,400 50,400

Total Revenues

$

48,608 $

50,448 $

48,600 $

48,600 $

50,400 $

Expenditures: Services

4,962 4,962

3,258 3,258

4,900 4,900

4,900 4,900

6,200 6,200

6,324 6,324

Total Expenditures

$

$

$

$

$

$

Division: Neighborhood Services Activity: South District (490193)

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Revenues:

Use Of Money And Property Rents Miscellaneous Other Miscellaneous Revenue

98,631

75,904

60,525

60,525

60,000

60,000

45

-

-

-

-

-

Total Revenues

$

98,676 $

75,904 $

60,525 $

60,525 $

60,000 $

60,000

Expenditures:

Personnel Services

-

4,526

-

-

-

-

58,002 10,835

50,307

52,525

52,525

53,700

54,774

Capital Outlay

4,457

8,000

8,000

-

-

Total Expenditures

$

68,837 $

59,290 $

60,525 $

60,525 $

53,700 $

54,774

Capital Outlay

2025

2025

2026

Building Improvements

8,000 8,000

8,000 8,000

- -

$

$

$

403

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