FY27 Proposed Budget

The Landfill Cell Replacement Reserve will have three outstanding interfund loans as of the end of fiscal year 2026. The following is a summary of those loans:

Principal Outstanding as of 6/30/26

Total Payment FY27

Final Payment

FY27 Principal

FY27 Interest

Loan

Date

Loan Amount

General Fund 2019 Public Works Facility Loan Road Use Tax Fund 2019 Public Works Facility Loan

6/30/2019 $ 2,100,000

2036

$ 1,335,714

$ 139,759

$ 120,546

$ 19,213

6/30/2019

$ 1,400,000

2036

$ 890,476

$ 93,172

$ 80,363

$ 12,809

Parking Fund Parking Gate Equipment

6/30/2022

$ 1,000,000

2032

$

617,896

$ 107,750

$

99,158

$

8,592

The City also maintains separate reserves as required by State law. Iowa State law requires landfill fund balance restrictions as follows: ▪ Closure and Post-Closure Reserves: The State of Iowa requires that the owner/operator of a landfill set aside funds to provide assurance for the costs associated with closing the landfill and ongoing maintenance of the closed landfill site. The City is mandated to provide for the future costs associated with closing the landfill in a manner that satisfies State environmental and safety requirements, including minimizing infiltration and erosion; and sufficient to provide for the costs related to post-closure requirements. ▪ Solid Waste Surcharge Reserve: Landfill operators are also required to retain a portion of user fees for environmental protection, waste reduction, and recycling programs. The Solid Waste Surcharge Reserve balance in the Landfill Fund is reserved for these uses and is not accessible for other City projects. The Landfill has estimated restricted fund balances at the end of fiscal year 2027 of $17,011,379 for Closure/Post-Closure Reserves and $511,123 in the Solid Waste Surcharge Reserve. Revenues: The Landfill Fund is primarily supported by user fees. The major landfill fees charged are summarized as follows:

Trash Disposal Rates (per ton): Iowa City residents:

$47.50 $52.50

Non-Iowa City residents:

Other Disposal Rates: Iowa City Community Compost (per ton) Iowa City Community Compost (minimum)

$20

$2

$10

Wood chip mulch (per ton) Wood chip mulch (minimum)

$2

$20

TV or monitors (includes peripherals)

Bulk electronic waste (no TV or monitor)

$3 per item

435