FY27 Proposed Budget

FY2024 Actual

FY2025 Actual

FY2026 Revised

FY2027 Budget

FY2028 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

$ 273,997 310,988 $ $ 320,800 320,400 $ $ 320,400

113,226 117,529 640,498 660,957

119,900 123,100 674,000 660,900

123,100 660,900 62,400 10,000 42,800

62,430 10,000 39,370

62,430 10,000 40,614

62,400 10,000 41,600

62,400 10,000 42,800

University Heights - Revenue

734

1,107

700

1,100

1,100

JECC - Accounting

32,981

33,805

34,600

35,500

35,500

1,173,236 1,237,430

1,264,000 1,256,200

1,256,200

Local Governmental Revenue:

State Revenue: Public Safety Grants

2,175

8,100

4,400

8,100

8,100

University of Iowa - Fire Protection

1,939,054 2,062,937

2,062,900 2,160,200

2,160,200

Operating Grants

68,697

65,628

65,000

65,500

65,500 424,600 10,000

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

995,304 820,168

610,300 424,700

34,466

20,000

10,000

10,000

3,039,696 2,976,833

2,752,600 2,668,500

2,668,400

266,912 243,302

265,100 261,500

261,500

FEMA

265,193

- -

- -

-

-

Forestry Grants

5,000

30,000

30,000 291,500

537,105 243,302

265,100 291,500

Total Federal Revenue:

Total - Intergovernmental Funding:

$ 4,750,037 4,457,565 $ $ 4,281,700 4,216,200 $ $ 4,216,100

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 $1.230 million in fiscal year 2027. The fiscal year 2027 revenue is a decrease of 0.5% of the fiscal year 2026 revised budget of $1.236 million, and there is an average decrease of 6.2% over the last five years. The relative stagnation in the fiscal year 2027 budget is due to conservative estimates on recreation charges for fees and services; the average decrease over the past five years due to the impact of the COVID-19 pandemic in fiscal years 2020 and 2021 and slow construction permits since. 7. Miscellaneous - Miscellaneous revenue is budgeted at $9.0 million in fiscal year 2027. This category includes a variety of revenue sources, including parking fines ($435,600), magistrate court fines and surcharges related to code enforcement ($163,000) and contributions and donations ($339,700). 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 2027 revenue is an increase of 1.15% of the fiscal year 2026 revised budget of $8.9 million and there is an average increase of 8.0% over the last five years. The increase in fiscal year 2027 and the average increase amounts are due to the increases in administrative chargebacks.

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