FY26 Proposed Budget

City of Iowa City Housing Authority (7900 - 7922) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 6,225,607 6,173,091 $ $ 6,706,163 $ 7,129,228 $ 7,297,489 $ 7,116,360

Revenues:

Use Of Money And Property Interest Revenues

180,089 307,363 41,374

338,012 349,571 36,195

82,000 307,400 41,600

82,000 307,400 41,600

107,000 320,000 35,000

107,000 320,000 35,000

Rents

Royalties & Commissions

Intergovernmental

Federal Intergovernmental Revenue

11,380,065 13,347,904

12,448,528 12,448,528

13,204,200

13,204,200

Miscellaneous

Other Miscellaneous Revenue

5,122

10,898

5,200

5,200

3,500

3,500

Other Financial Sources Loan Repayments

9,704

11,548

8,000

8,000

8,000

8,000

Sale Of Assets

3

-

-

-

-

-

Sub-Total Revenues

11,923,720 14,094,128

12,892,728 12,892,728

13,677,700

13,677,700

Miscellaneous Transfers In

- -

30,102 30,102

- -

- -

- -

- -

Sub-Total Transfers In

Total Revenues & Transfers In

$ 11,923,720 14,124,230 $ $ 12,892,728 12,892,728 $ $ 13,677,700 $ 13,677,700

Expenditures:

Voucher Program

11,239,844 12,200,498

11,630,250 11,824,551

12,775,449 1,052,680 13,828,129

13,043,798

Public Housing Program Sub-Total Expenditures

681,601

929,403

839,516

869,216

999,572

11,921,445 13,129,901

12,469,766 12,693,767

14,043,370

Transfers Out:

Operating Subsidy - PILOT General Fund Miscellaneous Transfers Out - Director Reimb

22,936 31,855 54,791

27,574 10,618 38,193

30,700

30,700

30,700

31,621

-

-

-

-

Sub-Total Transfers Out

30,700

30,700

30,700

31,621

Total Expenditures & Transfers Out

$ 11,976,236 13,168,094 $ $ 12,500,466 12,724,467 $ $ 13,858,829 $ 14,074,991

Fund Balance, June 30

6,173,091 7,129,228

7,098,425 1,378,686

7,297,489 1,340,537

7,116,360 1,363,537

6,719,069 1,386,537

Restricted / Committed /Assigned

1,340,537

1,340,537

Unassigned Balance

$ 4,832,555 5,788,691 $ $ 5,719,739 $ 5,956,952 $ 5,752,823 $ 5,332,532

% of Revenues & Transfers In

41%

41%

44%

46%

42%

39%

497