Final FY25 Adopted Budget

3/25/24, 4:19 PM

Local Government Property Valuation System

NOTICE OF PUBLIC HEARING -- PROPOSED BUDGET Fiscal Year July 1, 2024 - June 30, 2025 City of: IOWA CITY The City Council will conduct a public hearing on the proposed Budget at: 410 E. Washington St., Emma Harvat Hall Meeting Date: 4/16/2024 Meeting Time: 06:00 PM At the public hearing any resident or taxpayer may present objections to, or arguments in favor of , any part of the proposed budget. This notice represents a summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor. City budgets are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult https://dom.iowa.gov/local-budget-appeals. The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor, City Clerk, and at the Library. The estimated Total tax levy rate per $1000 valuation on regular property 15.63305 The estimated tax levy rate per $1000 valuation on Agricultural land is 3.00375

At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget.

City Clerk/Finance Officer's NAME Kellie Grace Budget FY 2025 Re-estimated FY 2024 Actual FY 2023

Phone Number (319) 356-5041

Revenues & Other Financing Sources Taxes Levied on Property Less: Uncollected Property Taxes-Levy Year

1 2 3 4 5 6 7 8 9

68,821,450

66,312,743

66,682,280

0

0

0

Net Current Property Taxes

68,821,450

66,312,743

66,682,280

Delinquent Property Taxes

0

0

2,733

TIF Revenues Other City Taxes Licenses & Permits

4,388,100 3,576,298 2,122,880 3,171,385 65,768,611 56,579,585 10,151,601 16,770,900 57,338,700 288,691,510 17,695,590 10,229,871 13,626,818 13,787,740 41,047,794 142,148,209 99,559,142 241,707,351 57,338,700 299,046,051 -10,354,541 158,684,272 148,329,731 2,000 31,911,220 13,161,600 687,576

4,059,847 3,596,461 2,033,921 3,172,348 54,055,201 50,485,282 5,011,286 43,872,400 76,520,088 309,120,958 17,789,192 31,082,688 14,312,538 13,245,690 51,921,739 173,639,194 137,656,570 311,295,764 76,520,088 387,815,852 -78,694,894 237,379,166 158,684,272 1,381 31,501,680 13,089,167 696,500

4,086,247 3,838,982 2,854,375 7,499,685 40,945,223 50,340,498 4,530,030 11,873,518 61,737,614 254,391,185 16,378,547 14,340,550 11,303,254 13,165,630 22,949,801 118,552,772 67,112,243 185,665,015 61,737,614 247,402,629 230,390,610 237,379,166 0 29,377,655 10,357,277 680,058 6,988,556

Use of Money and Property

Intergovernmental

Charges for Fees & Service

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Special Assessments

Miscellaneous

Other Financing Sources

Transfers In

Total Revenues and Other Sources Expenditures & Other Financing Uses Public Safety

Public Works

Health and Social Services Culture and Recreation

Community and Economic Development

General Government

Debt Service Capital Projects

Total Government Activities Expenditures

Business Type / Enterprises Total ALL Expenditures

Transfers Out

Total ALL Expenditures/Transfers Out

Excess Revenues & Other Sources Over (Under) Expenditures/Transfers Out

Beginning Fund Balance July 1 Ending Fund Balance June 30

714

https://dom-localgov.iowa.gov/budget-renderer?id=17837

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