FY27 Proposed Budget

City of Iowa City All Funds Revenues by Type

2 0 2

2024 Actual

2025 Actual

2026 Budget

2026 Revised

2027 Budget

2028 Projected

Budgetary Fund Revenues

Property Taxes

66,225,551 68,440,098

70,579,100 70,609,000

73,366,000

75,670,100

Other City Taxes

Gas/Electric Excise Tax

748,119 47,991

735,200 50,474

666,800 52,800

666,800 52,800

702,300 50,500

702,300 50,500

Mobile Home Tax Hotel/Motel Tax

2,043,186

2,070,387

2,043,100

2,043,100

1,870,500 14,000,000 2,002,600 4,609,100 23,235,000

1,870,500 14,000,000 2,002,600 3,858,454 22,484,354

Local Option Sales Tax Utility Franchise Tax

-

-

-

-

982,969

1,002,625 4,591,299 8,449,985

1,972,000 4,166,800 8,901,500

1,972,000 4,176,700 8,911,400

TIF Revenues

4,304,864 8,127,129

Other City Taxes Total

Licenses, Permits, & Fees General Use Permits

99,282 126,923

111,279 117,173

95,800 126,900

95,800 126,900

104,400 117,200

104,400 117,200

Food & Liquor Licenses Professional License

2,275

2,045

2,300

2,300

2,000

2,000

Franchise Fees

593,710 55,390

392,518 58,308

470,000 55,400

470,000 55,400

396,100 58,300

396,100 58,300

Miscellaneous Permits & Licenses Construction Permits & Inspection Fees

2,166,574 3,044,154

1,760,954 2,442,277

1,902,400 2,652,800

1,902,400 2,652,800

1,880,900 2,558,900

1,880,900 2,558,900

Licenses, Permits, & Fees Total

Use Of Money And Property Interest Revenues

10,140,084 10,281,273

1,658,900 1,592,400

1,638,900 1,611,000

1,884,100 1,756,800

1,622,600 1,696,300

Rents

1,603,519

1,619,452

Royalties & Commissions

107,306

131,764

119,000

119,000

115,700

115,700

Use Of Money And Property Total

11,850,909 12,032,489

3,370,300

3,368,900

3,756,600

3,434,600

Intergovernmental

Federal Intergovernmental Revenue

21,837,931 22,996,523

38,582,342 60,986,688

35,432,100

25,920,800

Property Tax Credits

1,674,917

1,372,723

985,500

1,005,000

703,600

703,500

Road Use Tax

10,580,120 10,593,049

10,800,000 10,800,000

10,800,000 2,738,400

10,908,000 2,738,400

State 28E Agreements Operating Grants Disaster Assistance Other State Grants Local 28E Agreements

2,408,480

2,566,418

2,566,400

2,566,400

68,697 71,309

65,628

65,000

65,000

65,500

65,500

-

-

-

-

-

1,037,961 1,428,012

966,310

709,200

2,226,265 1,519,047

10,028,900 1,511,500 61,280,000

828,900

1,501,553

1,511,500

1,522,800 42,687,900

Intergovernmental Total

39,107,427 40,062,204

55,219,942 79,168,400

Charges For Fees & Services Building & Development

663,934 100,897 10,204 13,380 64,504 659,725 75,150

357,107 109,770 12,619

495,900 85,000 10,200 10,000

570,900 85,000 10,200 10,000

819,800 85,000 12,600

494,800 85,000 12,600

Police Services

Animal Care Services

Fire Services Transit Fees

9,120

8,500

8,500

19

-

-

-

-

Culture & Recreation

618,806 67,198

655,600 86,500

655,600 61,500

642,000 64,300

642,000 64,300

Miscellaneous Charges For Services

Water Charges

11,003,126 11,168,454 12,794,159 13,174,926

11,653,200 11,653,200 13,515,000 13,515,000

11,833,300 13,912,000 5,783,700 7,067,600 1,921,500 7,307,352

11,951,425 14,051,120 5,836,367 7,067,600 1,940,715 7,380,278

Wastewater Charges

Refuse Charges Landfill Charges

5,563,939 7,144,380 1,885,926 5,723,759

5,715,883 7,042,639 1,921,511 7,529,202

5,895,000 7,599,300 1,890,200 7,329,500

5,895,000 7,599,300 1,890,200 7,329,500

Stormwater Charges

Parking Charges

Charges For Fees & Services Total

$ 45,703,083 47,727,254 $ $ 49,225,400 49,275,400 $ $ 49,457,652

$ 49,534,705

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