FY27 Proposed Budget

Iowa City Property Management (2510) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

345,486 $

408,086 $

333,386 $

504,919 $

306,669 $

151,369

Revenues:

Use Of Money And Property Interest Revenues

20,290 231,934

21,538 251,583

5,000

5,000

5,400

65,900 283,100

Rents

259,400

278,000

343,600

Miscellaneous Contributions & Donations

-

-

-

368,000 651,000

-

-

Sub-Total Revenues

252,224

273,121

264,400

349,000

349,000

Transfers In:

Transfer In - IC Housing Authority

- - -

- - -

- - -

639,500 212,100 851,600

- - -

- - -

Miscellaneous Transfer In

Sub-Total Transfers In

Total Revenues & Transfers In

$

252,224 $

273,121 $

264,400 1,502,600 $ $

349,000 $

349,000

Expenditures:

Iowa City Property Management

1,978

13,755 100,261

4,500

4,500

4,500

4,500

Peninsula Apartments

72,174

272,500

272,500

341,500 10,500 41,700 31,600 38,500

60,000 10,700 42,500 32,200 39,300

Augusta Place Apartments South District Townhomes

3,258

2,569

6,200

6,200

59,290 52,924

29,094 19,051

53,700 37,700 37,450

53,700 77,700 37,450

Railroad Rental Units

Legacy Condos Summit Street

- - - -

9,663 1,895

5,800

5,800

5,800

5,916

Aspen Court

- -

- -

941,000 302,000

25,300

25,800

Legacy #2

4,900

5,000

Total Expenditures

$

189,624 $

176,288 $

417,850 1,700,850 $ $

504,300 $

225,916 274,453

Fund Balance, June 30

408,086

504,919

179,936

306,669

151,369

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

408,086 $

504,919 $

179,936 $

306,669 $

151,369 $

274,453

% of Revenues

162%

185%

68%

20%

43%

79%

360