HomeMy WebLinkAbout2016-12-15 Info PacketCITY COUNCIL INFORMATION PACKET
CITY OF IOWA CITY
www.legov.org December 15, 2016
IPI Council Tentative Meeting Schedule
MISCELLANEOUS
I132 Memo from Assistant City Attorney: 724 Ronalds Street
IP3 Memo from Library Dir.: Bookmobile Planning and Cooperation with Antelope Lending
Library
IP4 Civil Service Entrance Examination — Maintenance Operator, Water
IP5 Joint Entities Meeting Minutes: October 24, 2016
IP6 2016 Building Statistics
IP7 Bar Check Report — November, 2016
I138 Copy of notice to property owner: SE corner of Camp Cardinal Road and Gathering Place
Lane
IP9 Copy of December 12 letter to Mayor from IAC (International Automotive Companies): Notice
of Workforce Reduction
I1310 Copy of Press Release: Comprehensive Annual Financial Report (CAFR)
I1371 Copy of Press Release: Police team up with Bruegger's on food drive for Crisis Center
IP12 Copy of Press Release: Iowa City reminds property owners and tenants of sidewalk
snow removal ordinance
IP13 Copy of Press Release: Applications now being accepted for Iowa City CDBG and HOME
funding
IP14 Copy of Press Release: Human Rights Commission will reschedule Sunday program
DRAFT MINUTES
IP15 Airport Commission: November 17
IP16 Planning & Zoning Commission: December 1
IP17 Senior Center Commission: December 8
r_ 1 City Council Tentative Meeting Schedule [Pi
Subject to change
CI F IOWA CITY December 15, 2016
Date Time Meeting Location
Tuesday, January 3, 2017 5:00 PM Special Formal/Executive Session Emma J. Harvat Hall
Work Session
7:00 PM Formal Meeting
Saturday, January 7, 2017 8:OOA-5:OOP Budget Work Session Emma J. Harvat Hall
Tuesday, January 10, 2017 1:00-7:00 P Budget Work Session (CIP) Emma J. Harvat Hall
Tuesday, January 17, 2017 5:00 PM Iowa City Conference Board Mtg. Emma J. Harvat Hall
Work Session
7:00 PM Formal Meeting
Tuesday, February 7, 2017 5:00 PM Work Session Emma J. Harvat Hall
7:00 PM Formal Meeting
Tuesday, February 21, 2017 5:00 PM Iowa City Conference Board Mtg. Emma J. Harvat Hall
Work Session
7:00 PM Formal Meeting
Tuesday, March 7, 2017 5:00 PM Work Session Emma J. Harvat Hall
7:00 PM Formal Meeting
Tuesday, March 21, 2017 5:00 PM Work Session Emma J. Harvat Hall
7:00 PM Formal Meeting
Tuesday, April 4, 2017 5:00 PM Work Session Emma J. Harvat Hall
7:00 PM Formal Meeting
Tuesday, April 18, 2017 5:00 PM Work Session Emma J. Harvat Hall
7:00 PM Formal Meeting
Tuesday, May 2, 2017 5:00 PM Work Session Emma J. Harvat Hall
7:00 PM Formal Meeting
Tuesday, May 16, 2017 5:00 PM Work Session Emma J. Harvat Hall
7:00 PM Formal Meeting
r
` CITY O F IOWA C1TY
-som
'e� MEMORANDUM
DATE: DECEMBER 14, 2016
TO: CITY COUNCIL
FROM: SUSAN DULEK, ASSISTANT CITY ATTORNE
RE: 724 RONALDS STREET
IP2
The City acquired 724 Ronalds Street at the sheriffs sale on December 13 for $86,800. This was less
than anticipated as the judgment amount was $112,471.72. The University of Iowa Community Credit
Union (UICCU) had two mortgages on the property, and the judgment amount reflected both
mortgages. However, according to the UICCU attorney, there was a lien superior to the second
mortgage, and thus the UICCU chose only to bid for the judgment on its first mortgage of $86,788.
Please let me know if you have any questions.
Copy to:
Eleanor M. Dilkes-City Attorney
Geoff Fruin-City Manager
Marian K. Karr -City Clerk
u
mj
IOWA CITY IP3
PUBLIC LIBRARY
123 S. Linn St. • Iowa City, IA 52240
DIRECTOR Susan Craig • RHONE 319-356-5200 • FAx 319-356-5494 • icpl.org
To: Iowa City City Council
Geoff Fruin, City Manager
From: Susan Craig, Library Director
Kara Logsden, Community and Access Services Coordinator
RE: Bookmobile Planning and Cooperation with Antelope Lending Library
Date: December 8, 2016
Staff have been working diligently to introduce Library bookmobile services to the community in late
spring, 2017. Behind the scenes work includes the RFP process to select a vendor to building the
bookmobile, designing graphics for the exterior of the vehicle (see attached), gathering community data
to plan for stop locations, creating internal work processes to support bookmobile services, identifying
Library staff who will work on the Bookmobile, and preparing staff for licensing requirements to drive
the bookmobile. Library staff recently met with Cassi Elton from Antelope Lending Library to plan for a
National Bookmobile Day celebration and discuss how our two organizations will offer complementary
services to our community.
Mark your calendars for April 12, 2017 from 5:30 to 7:30 PM at Mercer Park for the National
Bookmobile Day celebration. We envision a festival highlighting the two bookmobiles (we are hoping
ICPL's bookmobile will be delivered from the vendor in time for this event), food trucks, music, and
activities. City departments have been invited to participate and we hope there will be staff from Parks
and Recreation, IC Fire Department, IC Police Department and IC Transit at the event. In addition, we
hope there will be other vehicles including a fire truck, police car, and transit bus. Ongoing planning
meetings are planned between Antelope Lending Library and ICPL staff to plan this event.
Staff have also had a preliminary conversation about bookmobile stop locations. Both organizations
anticipate finalizing their summer 2017 schedules in February. Some stop locations may overlap but the
bookmobiles will not be at the same location at the same time. An example of this is Mercer Park.
Antelope Lending Library is at Mercer Park during the weekly Farmer's Market. For more than 30 years
Iowa City Public Library has offered weekly summer "Stories in the Park" storytimes at Mercer Park and
plans to schedule the bookmobile to be at Mercer Park during these storytimes. A handout with the
schedule for both bookmobiles will be created by Library staff and distributed at the National
Bookmobile Day celebration.
We look forward to continuing our work with Antelope Lending Library and planning for complementary
bookmobile services for our community. If you have questions, please feel free to contact Kara or me.
: =4 IOWA CITY gook Anhile
.*W PUBLIC LIBRARY SERVICES COMING SPRING 2017
IOWA CITY PUBLIC LIBRARY
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CITY OF IOWA CITY
410 East Washington Street
Iowa City, Iowa 52240-1826
(3 19) 356-5000
(319) 356-5009 FAX
www.icgov.org
December 8, 2016
TO: The Honorable Mayor and the City Council
RE: Civil Service Entrance Examination — Maintenance Operator —Water
Under the authority of the Civil Service Commission of Iowa City, Iowa, I do hereby
certify the following named person(s) as eligible for the position of Maintenance
Operator — Water.
Brandon Scheer
IOWA CITY CIVIL SERVICE COMMISSION
Z�w
Lyra %V. Dickerson, Chair
iii
JOHNSON COUNTY IOWAty BOARD OF SUPERVISORS MEETING
MINUTES • OCTOBER 24, 2016
Conference Rooms 203 BIC Joint Entities Meeting 4:30 PM
HEALTH AND HUMAN SERVICES BUILDING
855 SOUTH DUBUQUE STREET
IOWA CITY, IA 52240
PHONE: 319-356-6000
www.JOH NSON-COU NTY.com
www.JOHNSONCOUNTYIA.IQM2.com
JOINT ENTITIES MEETING BETWEEN THE JOHNSON COUNTY BOARD OF
SUPERVISORS, UNIVERSITY OF IOWA, IOWA CITY COMMUNITY SCHOOL DISTRICT
BOARD, CLEAR CREEK AMANA COMMUNITY SCHOOL DISTRICT BOARD, AND THE
FOLLOWING CITIES: CORALVILLE, HILLS, IOWA CITY, LONE TREE, NORTH LIBERTY,
OXFORD, SHUEYVILLE, SOLON, SWISHER, TIFFIN, AND UNIVERSITY HEIGHTS
A. Chairperson Sullivan called the meeting to order at 4:30 p.m.
Attendee Name
Title
Status Arrived
Mike Carberry
Supervisor
Present
Lisa Green -Douglass
Supervisor
Present
Pat Harney
Supervisor
Absent
Janelle Rettig
Supervisor
Present
Rod Sullivan
Chairperson
Present
B. WELCOME AND INTRODUCTIONS
Elected Officials present: Coralville City Council Members: Mayor John Lundell, Jill Dodds,
Laurie Goodrich; Hills Mayor Tim Kemp; Iowa City Community School District (ICCSD)
Board Members: LaTasha DeLoach, Phil Hemingway, Brian Kirschling, Chris Lynch, Paul
Roesler; Iowa City City Council Members: Mayor Jim Throgmorton, Kingsley Botchway II
arrived at 4:37 p.m., Rockne Cole, Terry Dickens, Susan Mims, John Thomas; North Liberty
City Council Member Terry Donahue; Tiffin Mayor Steve Berner; and University Heights
Mayor Wally Heitman.
C. DISCUSSION/UPDATE
1. Presentation on walkable cities by Principal Planner Jeff Speck, Speck & Associates
LLC (City of Iowa City)
Iowa City City Manager Geoff Fruin introduced Speck & Associates LLC Principal
Planner Jeff Speck, noting Speck's work on creating walkable cities. Speck presented
a PowerPoint on walkable cities including, but not limited to, why cities need to be
walkable, how to make cities walkable, and a general theory of walkability.
Johnson County Iowa Submitted by the Auditor's Office Page 1
Minutes Board of Supervisors October 24, 2016
Hemingway asked Speck to elaborate on large suburban schools versus neighborhood
schools. Speck spoke about data on school size, the importance of school walkability
for students, and school consolidation leading to increased busing costs.
Cole asked which Iowa City street is the best candidate for a road diet (lane
reduction/rechanneling). Speck said the downtown streets are more important, for
instance Clinton Street. Speck said Gilbert Street could be important if it is a
commuting path for bicycles.
Green -Douglass asked about the benefits of one-way versus two-way streets. Speck
said one-way to two-way reversions improve retail, safety, and walkability; however,
the costs to change intersection signals can be expensive.
Carberry asked if there is data identifying reductions in carbon emissions when cities
improve walkability. Speck said he does not have such data and he spoke about what
data might be available.
Botchway asked for more information about one-way to two-way reversions. Speck
said he has presided over or witnessed dozens of cities complete these reversions and
has only heard reports of increased revenues for businesses and improved walkability.
2. Joint letter of support on an update to the regulation plan for the Coralville Lake/Iowa
River (Johnson County)
Emergency Management Coordinator Dave Wilson reviewed a PowerPoint on the
U.S. Army Corps of Engineers (Corps) Initial Assessment of Water Regulation
Opportunities for the Coralville Lake and Iowa River. Wilson explained the Corps is
on the fence about completing the study on changes to the Iowa Reservoir
Regulations, and he spoke about how the changes to the Iowa Reservoir Regulations
could decrease the impact of certain flood events. He presented a draft letter for
entities to send to the Corps asking the Corps to move forward with changes to the
Iowa Reservoir Regulations. University of Iowa IIHR-Hydroscience and Engineering
Director Larry Weber spoke about the local support the Corps would like before
moving forward.
3. Facilities Master Plan (Iowa City Community School District)
Lynch spoke about the annual renewal of the ICCSD Facilities Master Plan including,
but not limited to, the timing, process, and a possible General Obligation (GO) Bond
in September 2017. Lynch explained that the district has been using revenues from
the Secure an Advanced Vision for Education (SAVE) sales tax and Physical Plant
and Equipment Levy (PPEL) to fund the Facilities Master Plan, and when or if those
expire, a GO Bond will be needed to fund the Facilities Master Plan. Lynch and
Kirschling noted details of the possible GO Bond including the potential increases in
property taxes. Officials discussed the potential property tax increases with the GO
Bond, neighborhood and walkable schools, ICCSD's collaboration with local entities,
and funding for technical and vocational programs.
4. Legislative Priorities (Iowa City Community School District)
Johnson County Iowa Submitted by the Auditor's Office Page 2
Minutes Board of Supervisors October 24, 2016
Lynch said the ICCSD legislative priorities are adequate and timely funding from the
State, extending SAVE funding, and putting a halt to unfunded mandates.
Carberry said he was not sure of the ICCSD's position on Iowa Governor Terry
Branstad's SAVE For The Future proposal to fund water quality initiatives using
SAVE revenues. Lynch said SAVE funding is a valuable resource to the district and
it is important to get something done even if political compromise is necessary.
5. Other business
Rettig said that County Auditor Travis Weipert reported that to date, the Auditor's
Office has received 15,127 absentee ballots out of a total of 23,752 requests for
absentee ballots. She urged the public to vote and spoke about the relationship
between the elections outcome and the County's success in achieving its legislative
priorities.
6. Schedule next meeting
Board of Supervisors Executive Assistant Andy Johnson said the ICCSD is scheduled
to host the next Joint Entities Meeting on January 23 or 30, 2017. ICCSD staff will
confirm a date after checking room availability.
D. DISCUSSION FROM THE PUBLIC - No business.
E. Adjourned at 6:01 p.m.
Attest: Travis Weipert, Auditor
Recorded by Emily Way
Johnson County Iowa Submitted by the Auditor's Office Page 3
�. Ef"
City of Iowa City
2016 Building Statistics
al
r r
February
urea
a
rs
5
2,631,225
4.534.025
4.285,494
4.502.146
3,122,390
885,000
4,049,288
2,851,724
5,081,545
8,817,061
41,825,498
Number of Perones
4
6
20
16
21
13
3
18
12
17
34
162
plex - S _
`?•�
1,349,870
420,000
1,013485
300,000
3.083.335
of
2
1
2
1
B
aFiet -S'.
-
Number of Perl
Multiple.Units
3,663,333
1,564,850
4,060,000
1,000,000
13,252,114
6,900,000
12,508,696
5,165,675
8,224,000
56,538,668
—__ . _.
Number of Permits
3
4
2 1 foundatio
2
B 1-foundaBo 3 1-fourMetio
1
3
25
Number of Buildings
3
4
2
2
5
3
2
3
24
_—
Number of pwelling Units
27
17
28
78
5/
86
48
78
416
Mix- CanmerciallResidential
6,949,457
6,000,000
74,000,000
88,949,457
Number of Permits
2 1 -lou
1-fau00ation
1
4
Number of Buildings
1
1
2
Number of pwelling units
a
332
Motels, Hotels S
23,500,000
23.500.000
Number of Permits
1
1
b.abus- S
8,000,000
8,000,000
8,000,OOD
Number of Pernits
1
1
Industrial -$
10,700,000
470,000
119,540
89,000
889,700
12,048,240
Number of Permits
1
1
1
1
21-foulMahon
6
Seance Stations - $
384,481
384,461
Number of Permits
1
1
Hospitals & Institutions -$
Numbero/ Pernik
Off... Banks, Pmf. -S
188,000
9,50,000
1,500,000
11,188,000
Number of Permits
1
1
1
3
Public Works 8 Utilities- S
7,619,000
7,619,000
7,619,000
Number of Pemnls
3
3
SUlot-$
14,000,000
14,000,000
14,000,000
Number of Permits
1
1
tones B Custorler Sv $
1,916,418
1,100,867
3,900,000
750,000
7,667,285
Number of Pem4ts
1
1
2
1
5
Mist SbuWnesrFences - S
151,500
1,000
105,000
4,800
262,300
Number of Permits
7
1
1
1
10
Remodel, Residential
414,212
895,942
929,851
88$030
8,252,798
5,714,583
1,215,083
1,438,680
1,165,505
7,761,334
458,370
26.934,388
Numberits
23
23
39
41
39
37
30
46
27
36
20
361
emodel, Comm$
1,295,544 13,495,592
1,718,550
4,467,960
11,665,395
8,317,942
3,360,826
4,991,605
11,492,808
1,149,500
2,88,028
64,615.748
19,554,944Numberits
15
8
13
7
20
13
7
17
13
6
14
133
emodel, PWhe 5Numbercessary
Struct__4,000
222,000
25,000
179,000
3,000
104,000
318,000
5,208
858,206
Numberllb
1
4
1
2
1
1
5
2
17
TOTAL VAL13,667,356
44,608,092
34,067,148
23,026,484
25,908,25746,256,353
15,368,449
19,251,838
28,407,733 19,474,054 95,218,824
365,274,586
49.173,944
TOTAL PER45
45
81
69
90
74
46
90
571
739
IP7
Iowa City Police Department and University of Iowa DP
Bar Check Report - November, 2016
The purpose of the Bar Check Report is to track the performance of Iowa City liquor license establishments in
monitoring their patrons for violations of Iowa City's ordinances on Possession of Alcohol Under the Legal Age
(PAULA) and Persons Under the Legal Age in Licensed or Permitted Establishments (Under 21). Bar checks are
defined by resolution as an officer -initiated check of a liquor establishment for PAULA or other alcohol related
violations. This includes checks done as part of directed checks of designated liquor establishments, and checks
initiated by officers as part of their routine duties. It does not include officer responses to calls for service.
The bar check ratios are calculated by dividing the number of citations issued to the patrons at that
establishment during the relevant period of time by the number of bar checks performed during the same period
of time. The resulting PAULA ratio holds special significance to those establishments with exception certificates,
entertainment venue status, or split venues, in that they risk losing their special status if at any time their PAULA
ratio exceeds .25 for the trailing 12 months. Note, while the resolution requires that bar checks and citations of
the University of Iowa Department of Public Safety (DPS) be included in these statistics, the DPS ceased performing
bar checks and issuing these citations to patrons in May of 2014.
Previous 12 Months Top 10
Under 21 Citations PAULA Citations
Business Name
Visits
Citations
Ratis
Business Name
Visits
Citations
Ratio
Eden Lounge
18
18
1.0000000
Union Bar
95
74
0.7789474
Union Bar
95
89
0.9368421
Summit. [The]
65
27
0.4153846
Summit. [The)
65
57
0.8769231
Airliner
18
5
0.2777778
Airliner
18
10
0.5555556
Brothers Bar & Grill, [It's]
97
26
0.2680412
Sports Column
70
34
0.4857143
Sports Column
70
13
0.1857143
DC's
71
32
0.4507042
Bardot Iowa
17
3
0.1764706
Brothers Bar & Grill, [It's]
97
29
0.2989691
Eden Lounge
18
3
0.1666667
Pints
30
6
0.2000000
DC's
71
11
0.1549296
Fieldhouse
36
5
0.1388889
Fieldhouse
36
1
0.0277778
Martini's
36
4
0.1111111
Only those establishments with at Ic-ast 10 bar checks are listed in the chart above.
Current Month Top 10
Under 21 Citations PAULA Citations
ss Name _ Visits s I Business Name _ Visits Citations _.__ Ratio
Bar 7 14 2.0000000 Union Bar 7 8 1.1428573
is 1 1 1.0000000
N
Q
T
1
4i-
_
Il r
l
tr
- exception to 21 ordinance Page 1 of 6
..
C1
Iowa City Police Department �=
and University of Iowa DPS
Bar Check Report - November, 2016
Possession of Alcohol Under the Legal Age (PAULA) Under 21 Charges
Numbers are reflective of Iowa City Police activity and University of Iowa Police Activity
Business Name
2 Dogs Pub
Monthly
Bar
checks
Totals
Under2l
PAULA
0
0
0
Airliner
0
0
0
American Legion
0
0
0
Atlas World Grill
0
0
0
Bardot Iowa
0
0
0
Baroncini-
0
0
0
Basta
0
0
0
Blackstone-
0
0
0
Blue Moose-
2
0
0
Bluebird Diner
0
0
0
Bob's Your Uncle
0
0
0
Bo -James
0
0
0
Bread Garden Market & Bakery"
0
0
0
Brix
0
0
0
Brothers Bar & Grill, [It's]
4
0
0
Brown Bottle, [The]-
0
0
0
Buffalo Wild Wings Grill & Bar"'
0
0
0
Cactus 2 Mexican Grill (314 E Burlington)
0
0
0
Cactus Mexican Grill (245 s. Gilbert)
0
0
0
Caliente Night Club
0
0
0
Carl & Ernie's Pub & Grill
0
0
0
Carlos O'Kelly's-
0
0
0
Chili Yummy Yummy Chili
0
0
0
Chipotle Mexican Grill
0
0
0
Clarion Highlander Hotel
0
0
0
Prev 12 Month Totals
Bar Under2l PAULA
Checks
2 0 0
18 10 5
17 1 0 1 3
21
2
0
8
3
0
97 "1 wh
Under2l
PAULA
Ratio
Ratio
(Prev 12 Mo)
(Prev 12 Mol
0
0
0.5555556 1 0.2777778
0 1 0.1764706
1 0.0952381 1 0
0.375 1 0
1 0.2989691 1 0.2680412
1
0
7
0
1
1
0
4
0
4
3
0
0
0
0
3
0
0
0
0
- exception to 21 ordinance Page 2 of 6
Business Name
Clinton St Sociailit r- ;.
Club Car, [The]
Coach'scW6V C 2
Colonial Lanes"
Dave's Foxheaii Tavern
DC's
Deadwood, [The]
Devotay"
Donnelly's Pub
Dublin Underground, [The]
Eagle's, [Fraternal Order of]
Eden Lounge
EI Banditos
EI Cactus Mexican Cuisine
EI Dorado Mexican Restaurant
EI Ranchero Mexican Restaurant
Elks #590, [BPO]
Englert Theatre"
Fieldhouse
FilmScene
First Avenue Club -
Formosa Asian Cuisine-
Gabes -
George's Buffet
Givanni's-
Godfather's Pizza
Graze -
Grizzly's South Side Pub
Hilltop Lounge, [The]
Howling Dogs Bistro
IC Ugly's
India Cafe
Monthly Totals
Bar Under2l PAULA
Checks
0 0 0
1 0 0
0 0 0
0 0 0
0 0 0
2 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
2 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
1 0 0
0 0 0
Prev 12 Month Totals
Bar Unde21 PAULA
Checks
3 0 0
1 0 0
71
32
11
2
0
0
1
0
0
3
0
0
18
18 1
3
36
5
2
0
7
0
1
0
2
3
1
9
0
0
0
0
1
0
0
0
0
0
0
0
Under 21
PAULA
Ratio
Ratio
(Prev 12 Moi
(Prev 12 Mo)
0
0
0
0
0.4507042
0
0
0
0.1388889
0
0
0
0
0
0
0.1549296
0
0
0
0.1666667
0.0277778
0
0
0
0
0
0
0
exception to 21 ordinance Page 3 of 6
Business Name
Monthly Totals
Bar Under2l PA
Checks
r
Iron HawI ?, - -^'
0
0
Jimmy Jack's Rib ShaSk n. �,
0
0
12 �
Jaw,:
1
0
Joe's Place -
1
0
Joseph's Steak House"
0
0
Linn Street Cafe
0
0
Los Portales
0
0
Martini's
1
1
Masala
0
0
Mekong Restaurant-
0
0
Micky's`
0
0
Mill Restaurant, [The]-
0
0
Moose, [Loyal Order of]
0
0
Mosleys
0
0
Motley Cow Cafe`
0
0
Noodles & Company-
0
0
Okoboji Grill"
0
0
Old Capitol Brew Works
0
0
One -Twenty -Six
0
0
Orchard Green Restaurant-
0
0
Oyama Sushi Japanese Restaurant
0
0
Pagliai's Pizza-
0
0
Panchero's (Clinton St)"
0
0
Panchero's Grill (Riverside Dr)-
0
0
Pints
2
0
Pit Smokehouse`
0
0
Pizza Arcade
0
0
Pizza Hut"
0
0
Players
0
0
Quinton's Bar & Deli
0
0
Rice Village
0
0
Ride
0
0
ULA
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Prev 12 Month Totals I Under 21 PAULA
Bar Under2l PAULA Ratio Ratio
Checks (Prev 12 Moi (Prev 12 Mo)
13
21
0
0
36 4
1 0
DI0
0 1 0.1111111
0
2 0 0
30 1 6 I 0 1 0.2
A"
0
"exception to 21 ordinance Page 4 of 6
Business Name
Monthly
Bar
Checks
0
Totals
Under2l
PAULA
Ridge Pub
0
0
Riverside Theatre-
0
0
0
Saloon-
2
0
0
Sam's Pizza
0
0
0
Sanctuary Restaurant, [The]
0
0
0
Shakespeare's
0
0
0
Sheraton
0
0
0
Short's Burger & Shine-
0
0
0
Short's Burger Eastside
0
0
0
Sports Column
6
0
0
Studio 13
0
0
0
Summit. [The]
2
0
0
Sushi Popo
0
0
0
Szechuan House
0
0
0
Takanami Restaurant-
0
0
0
Taqueria Acapulco
0
0
0
TCB
1
0
0
Thai Flavors
0
0
0
Thai Spice
0
0
0
Times Club @ Prairie Lights
0
0
0
Trumpet Blossom We
0
0
0
Union Bar
7
14
8
VFW Post #3949
0
0
0
Vine Tavern, [The]
0
0
0
Wig & Pen Pizza Pub-
0
0
0
Yacht Club, [Iowa City]`
0
0
0
Yen Ching
0
0
0
Z'Mariks Noodle House
0
0
0
`exception to 21 ordinance
Prev 12 Month Totals Under 21
Bar Under2l PAULA Ratio
Checks (Prev 12 Mo)
3 0 0 0
1
70
4
65
0 I 0 I 0
34
0
57
13 1 0.4857143
0 0
27 0.8769231
29 0 0 I 0
95
5
3
89
0
0
74 0.9368421
0 0
0 0
PAULA
Ratio
(Prev 12 Mo)
0
�,
0.1857143
0
0.4153846
X
0.7789474
0
0
N
r�
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Pagil 55 6
Fn
qof
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N
Off Premise
Monthly Totals Prev 12 Month Totals Under2l PAULA
Bar Under2l PAULA Bar Under2l PAULA Ratio Ratio
Checks Checks (Prev 12 Mo) (Prev 12 Mo)
Totals 35 1s 8 1 709 289 174 1 0.4076164 0.2454161
0 0 3 0 0 98 0 0
Grand Totals
272
- exception to 21 ordinance Page 6 of 6
0
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to
- exception to 21 ordinance Page 6 of 6
December 6, 2016
RE: SE corner of Camp Cardinal Road and Gathering Place Lane
(REZ16-00007)
Dear Property Owner:
I,
!1 IP8
CITY OF IOWA CITY
UNESCO CITY OF LITERATURE
410 East Washington Street
Iowa City. Iowa 52240.1826
(319) 356-5000
(319) 356-5009 FAX
www,lcgov.org
The City of Iowa City has established zoning classifications that determine how land and
buildings may be used in specific areas of the community. Those classifications may be
changed, pending consideration by the Planning and Zoning Commission and approval by the
City Council.
A request for rezoning in your neighborhood has been received by the City. The application,
submitted by TSB Investments for a rezoning from Planned Development Overlay (OPD -5) to
Low Density Multi -Family Residential (RM -12) for approximately 3.48 -acres of property located
at the southeast corner of Camp Cardinal Road and Gathering Place Lane. The rezoning would
allow for the property to be developed with up to 55 multi -family dwellings. A location map is
attached.
The Planning & Zoning Commission will review the application and receive comments at a
public meeting tentatively scheduled for December 15, 2016 at 7:00 p.m. in Emma Harvat Hall,
City Hall, 410 E. Washington Street, Iowa City. As a neighboring property owner, you are being
notified of this meeting and invited to present your views concerning this application, either in
person or in writing.
The meeting is subject to change. Please check the City of Iowa City's website at
www.icgov.org/agendapz the week of the meeting or call 319.356.5230 to confirm the agenda.
If you know of any interested party who has not received a copy of this letter, we would
appreciate it if you would share this information with them. If you have any questions regarding
this application, please contact Bob Miklo at 319.356.5240 or email bob-miklo@iowa-city.org.
Sincerely,
j`anet DvtlrSky
Administrative Secretary
Department of Planning and Community Development
y u!!6. b-10
ID -RS
r
An applica on submitted by TSB Investments LLP,
on behalf of St. Andrew Presbyterian Church
for a rezoning from a Planned Development Overlay (OPD -5) <.
to Low Density Multi -Family Residential (RM -12)
for a 3.48 -acre property at the northeast corner of
Camp Cardinal Road and Camp Cardinal Boulevard.
E AVEC
Ciro OF IOWA CITY
°ter
TM IAC Group North Amer. I P9
. IAC law. City, L
2500 Hwy ■
International Automotive Components Iowa City, IA, USA
Phane 319.338.9281 ■
www.iacgroup.com
N
O
December 12, 2016
L";
�9
Mayor Jim Throgmorton `
410 E. Washington St. a t
Iowa City, Iowa 52240 C r i a rn
Dear Mayor Throgmorton: z o
.a
This revised notice is issued in compliance with the Worker Adjustment and Retraining
Notification (WARN) Act and Iowa Code § 84C. International Automotive Components Iowa
City, LLC. (IAC), located at 2500 Highway 6 East, Iowa City, IA 52240 will experience a
reduction in its workforce between December 23, 2016 -January 6, 2017 as a result of a
significant loss of business. The layoff is expected to be permanent. The full list of affected
employees is attached. C Lis 4- o9 h LYAQ $ On -ot t e C, l y C\erlc" s
The bargaining unit employees are represented by the Teamsters Local #238, which is located at
5000 J St. SW, Cedar Rapids, IA 52404. Its principal officer is Gary G. Dunham. The union
representative of the employees has received timely notification of the layoff. Employees who
are not represented by the union have been individually and timely notified.
The employees subject to the collective bargaining agreement may have bumping rights as set
forth in that agreement. Employees who are not subject to the collective bargaining agreement do
not have bumping or transfer rights.
If you have further questions or need additional information, you may contact me at (319) 688-
6425.
Sincerely,
o ell
Human Resources Manager
International Automotive Components Iowa City, LLC.
3745974.1
Affected Hourly Employees Represented by Union
Job Title
Injection Operator
Store Room Attendant
Injection Operator
Hand Spray Operator
Service Person
Injection Operator
Finish Operator
Injection Operator
Finish Operator
Packer
Injection Operator
Injection Service
Packer
Finish Operator
Service Person
-Shipper
Yinyl Compounder
Process Technician
-Injection Service
Store Room Attendant
Pour Head Operator
Injection Operator
Finish Operator
Finish Operator
Receiver
In ection Operator
Pour Head Operator
Pour Head Operator
Injection Operator
Receiver
A rentice-In'ec Mold Set
Finish Operator
Apprentice -Machinist
Pour Head Operator
Pour Head Operator
Injection Operator
Injection Operator
Journeyman, Electrician
Injection SPC
Injection Operator
Journeyman, Tooling Mecha
Injection SPC
Finish Operator
Injection Operator
Injection Operator
3745923.1
Finish Operator
A rentice-Inec Mold Set
Service Person
Pour Head Operator
Injection Optrator
A rentice-In'ec Mold Set
Materials Coordinator
Finish Operator
Finish Operator
Packer
Pour Head Operator
Receiver
Finish Operator
Finish Operator
Finish Operator
Injection Operator
Pour Head Operator
A rentice-In'ec Mold Set
Journeyman, Maint Mechani
Packer
Packer a
Finish Operator r,
Journeyman, I ' ti of s
Finish Operator--'
"�
Finish Opera*,,",
c +
Finish O eratot'`" t
Finish Operator
Finish O eratoi`
Injection Operator
Slush Operator
Injection SPC
Apprentice -Pour Head Mech
Injection Operator
Mrenfice-Toolin
tor
erator
tor
ator
Toolin Mechan
sonFinish Operator
Finish Operator
Injection Service
Packer
Injection Operator
Finish Operator
Finish Operator
A rentice-in'ec Mold Set
Injection Service
3745923.1
0
WOerator ce-Toolin Mechan
O erator
erator
O erator
erator
eratorO rator
Finish
Finish
I Finish Oneratnr
3745923.1
Finish Ot
Receiver
Service
Service
I Iniection Operator
Finish Operator
Vac Form Operator
Vac Form Operator
Finish Operator
Finish Operator
Packer
Packer j
Finish Operator
Finish Operator
Finish -Containment
Finish Operator
Finish Operator
I Finish Onerator
Injection Operator
Finish Operator
Packer
Journeyman, Maint Mechani
Finish Operator
Packer
Service Person
Finish Operator
Finish Operator
Infection Services
Finish O erator" '—
P
acker
-µPacker " Cl
3745923.1 LI)
SEOrator
rvice Person
ish 0
rator
3745923.1
Finish Ot
Receiver
Service
Service
I Iniection Operator
Finish Operator
Vac Form Operator
Vac Form Operator
Finish Operator
Finish Operator
Packer
Packer j
Finish Operator
Finish Operator
Finish -Containment
Finish Operator
Finish Operator
I Finish Onerator
Injection Operator
Finish Operator
Packer
Journeyman, Maint Mechani
Finish Operator
Packer
Service Person
Finish Operator
Finish Operator
Infection Services
Finish O erator" '—
P
acker
-µPacker " Cl
3745923.1 LI)
Injection Operator
Pour Head Operator
Journeyman, Injection Mol
Finish Operator
Finish Operator
Finish Operator
Inection Operator
Finish Operator
Finish Operator
Injection Operator
Injection Operator
Packer
Hand Spray Operator
Slush Operator
Injection Operator
Finish Operator
Injection Service
Injection Operator
Packer
Finish -Containment
Slush Operator
Injection Service
Hand Spray Operator
Finish O erator
Finish O erator
Finish Operator
Injection Operator
Injection Operator
Inection Service
-Quality Technician
Injection Operator
Pour Head Operator
-injection Operator
Finish Operator
Journeyman, Maint Mechani
Finish Operator
Finish -Containment
Injection Operator
Process Technician
Finish Operator
Service Person
Finish Operator
Finish Operator
Finish Operator
Packer
Process Technician
Finish Operator
Pour Head Operator
Finish Operator
Injection Operator
Apprentice -Electrician
Injection SPC
Injection Operator
Finish Operator
A rentice-Inec Mold Set
Finish Operator
Finish Operator
Finish Operator
3745923.1
N
-'1-77
—13
C'1"9
dyt
Affected Hourly Emvlovees Not Represented by Union
Job Title
Quality Technician
Injection Operator
Finish Operator
Injection Operator
Finish Operator
Pour Head Operator
Pour Head Operator
Finish Operator
Injection Operator
Injection Operator
In-ection Operator
Finish Operator
Service Person
Injection Service
Finish Operator
Service Person
Finish -Containment
Finish Operator
Injection Operator
Finish Operator
Finish -Containment
In ection Operator
Finish -Containment
Pour Head Operator
Injection Operator
Hand Spray Operator
Finish Operator
In-ection Operator
Finish Operator
Sewing Operator
Finish Operator
Continuous Improvement Te
In ection Service
3745923.1
Finish -Containment
Injection Operator
Finish Operator
-Quality Technician
Injection Operator
Finish -Containment
Injection Service
-Injection Operator
Packer
Finish Operator
Service Person
Injection Operator
Injection SPC
Finish Operator
Finish O rator
N
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n
•
G�
O
J,YUvz3
Injection Operator
Finish Operator
Inection Operator
Finish Operator
Finish Operator
Injection Operator
Process Technician
Injection O erator
Finieh r)nerafnr
Injection Operator
Hand Spray Operator
Service Person
Injection Operator
Injection Operator
Injection Operator
Injection Operator
Injection Operator
Injection Service
Finish Operator
Hand Spray Operator
Finish Operator
Finish Operator
Finish Operator
Injection Operator
Finish Operator
n
Iection O rotor
Inection operator
P
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3745923.1 -' • 'r
c�
Injection Operator
Injection Operator
Joume man, Electrician
Service Person
Injection Operator
Injection Operator
Joume man, Inection Mol
Injection Operator
Injection Operator
Pour Head Operator
Injection SPC
In ection Operator
Finish Operator
Injection Operator
Finish Operator
Injection Operator
Finish Operator
Packer
Finish Operator
Injection Service
Injection Service
Finish Operator
Injection Operator
Pour Head Operator
Injection Service
Injection Operator
Finish Operator
Injection Operator
Packer
Packer
Packer
Finish Operator
Injection Service
Finish Operator
Injection Operator
Injection Operator
Receiver
Hand Spray Operator
Affected Employees Not Subiect to Collective Bargaining Agreement
Job Title
Quality Technician II
Technician II
Supervisor Production 11
Process Engineer I
Supervisor IT
3745923.1
Accounting Analyst III
Tooling Engineer I
Technician II
Quality Technician II
Technician II
SR Materials Staff Associate
Supervisor Production II
SR Manager Engineering
Process Engineer I
Quality Technician II
Technician II
Manufactudng Engineer I
SR Materials Staff Associate
SR HR Staff Associate
Toolin En ineer II
Su ervisor Production I
Human Resources Manager
SR Materials Staff Associate
I Supervisor Production II
3745923.1
c�*1
all
City of Iowa City's year-end CAFR financial report now available Page 1 o 1'2
IP10
Receive Updates jEnter Email Address Go
City of Iowa City's year-end CAFR financial
report now available
City of Iowa City sent this bulletin at 12/13/2016 12:06 PM CST
[O SHRRE Having trouble viewing this email? View it as a Web page.
°��°, IOWA CITY
FOR IMMEDIATE RELEASE
Date: Dec. 13, 2016
Contact: Nicole Davies
Phone: 319-356-5053
City of Iowa City's year-end CAM financial report now
available
Iowa City's annual year-end financial report, which provides information on actual income, incurred
expenses, and financial position through the end of fiscal year 2016, is now available on the City's
website at www.icgov.org/budget. Compilation of the Comprehensive Annual Financial Report (CAFR)
is required by the State Code of Iowa.
The 158 -page report will be reviewed by the City Council and submitted to the City's bond holders. It
will also be forwarded to the Government Finance Officers Association (GFOA) for consideration for
an award in government financial reporting. The City of Iowa City has earned the GFOA award for
excellence for the past 31 years. The CAFR was audited by the CPA firm Gide Bailly LLP.
In addition to the CAFR report, other financial documents currently available for viewing on the City's
website at www.icgov.org/budget include the FY2017 adopted budget for the current fiscal year that
ends June 30, 2017 and the City's current three-year financial plan.
For more information on the CAFR report, contact City Controller Nicole Knudtson-Davies at 319-356-
5085 or Nicole-daviesftowa-citv.ora. Questions about other City financial documents may be directed
to Dennis Bockenstedt, Finance Director, at 319-356-5053 or dennis-bockenstedt@iowa-city.org.
https://content.govdelivery.com/accounts/IAIOWA/bulletins/I79611e 12/15/2016
EideBailly.
11-1�
CPAs & BUSINESS ADVISORS
December 12, 2016
To the Honorable Mayor and
Members of the City Council
City of Iowa City, Iowa
We have audited the financial statements of the governmental activities, the business -type activities, each major
fund, and the aggregate remaining fund information of City of Iowa City, Iowa (City) for the year ended June 30,
2016. Professional standards require that we provide you with information about our responsibilities under
generally accepted auditing standards and Government Auditing Standards and Title 2 U.S. Code of Federal
Regulation (CFR) Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for
Federal Awards (Uniform Guidance), as well as certain information related to the planned scope and timing of
our audit. We have communicated such information in our letter to you dated March 1, 2016. Professional
standards also require that we communicate to you the following information related to our audit.
Significant Audit Findings
Qualitative Aspects ofAccounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant
accounting policies used by the City are described in Note 1 to the financial statements. During the year ended
June 30, 2016, the City adopted GASB 72, Fair Value Measurement and Application. No other significant new
accounting policies were adopted, and the application of other existing policies was not changed during the year
ended June 30, 2016. We noted no transactions entered into by the City during the year for which there is a lack
of authoritative guidance or consensus. All significant transactions have been recognized in the financial
statements in the proper period.
Accounting estimates are an integral part of the financial statements prepared by management and are based on
management's knowledge and experience about past and current events and assumptions about future events.
Certain accounting estimates are particularly sensitive because of their significance to the financial statements and
because of the possibility that future events affecting them may differ significantly from those expected. The most
sensitive estimates affecting the City's financial statements were:
Management's estimate of incurred but not reported health, property, liability, and workers' compensation
insurance liabilities are based on third -party administrator's calculations and estimates. We evaluated the key
factors and assumptions used to develop incurred but not reported liabilities in determining that they are
reasonable in relation to the financial statements taken as a whole.
Management's estimate of the other postemployment benefits is based on a calculation of actuarially
determined contributions for health insurance benefits. We evaluated the key factors and assumptions
used to develop the other postemployment benefits liability in determining that it is reasonable in relation
to the financial statements taken as a whole.
www.eideboilly.com
1545 Associates Dr., Ste. 101 1 Dubuque, IA 52002-2299 1 T 563.556.1790 1 1 563.557.7842 I EOE
Management's estimate of the landfill closure and postclosure care liability is based on engineering cost
studies and capacity estimates. We evaluated the key factors and assumptions used to develop the landfill
closure and postclosure care liability in determining that it is reasonable in relation to the financial
statements taken as a whole.
Management's estimate of the net pension liability, pension related deferred outflows of resources and
deferred inflows of resources, and pension expense are based on plan level actuarial reports, allocated to
the City using annual employer contributions. We evaluated the key factors and assumptions used to
develop the pension related balances in determining that they are reasonable in relation to the financial
statements taken as a whole.
The financial statement disclosures are neutral, consistent, and clear.
Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit
Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit,
other than those that are clearly trivial, and communicate them to the appropriate level of management. There
were no such misstatements noted in performing the audit.
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing
matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the
auditor's report. We are pleased to report that no such disagreements arose during the course of our audit.
Management Representations
We have requested certain representations from management that are included in the management representation
letter dated December 12, 2016.
Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters,
similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an
accounting principle to the City's financial statements or a determination of the type of auditor's opinion that may
be expressed on those statements, our professional standards require the consulting accountant to check with us to
determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with
other accountants.
Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing
standards, with management each year prior to retention as the City's auditors. However, these discussions
occurred in the normal course of our professional relationship and our responses were not a condition to our
retention.
Other Matters
We applied certain limited procedures to management's discussion and analysis, the budgetary comparison
schedule, City's proportionate share of net pension liability, schedule of City's pension contributions, and
schedule of funding progress, which are required supplementary information (RSI) that supplements the basic
financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the
information and comparing the information for consistency with management's responses to our inquiries, the
basic financial statements, and other knowledge we obtained during our audit of the basic financial statements.
We did not audit the RSI and do not express an opinion or provide any assurance on the RSI.
We were engaged to report on the combining nonmajor fund financial statements and schedule of expenditures of
federal awards, which accompany the financial statements but are not RSI. With respect to this supplementary
information, we made certain inquiries of management and evaluated the form, content, and methods of preparing
the information to determine that the information complies with accounting principles generally accepted in the
United States of America, the method of preparing it has not changed from the prior period, and the information is
appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the
supplementary information to the underlying accounting records used to prepare the financial statements or to the
financial statements themselves.
We were not engaged to report on introductory and statistical sections, which accompany the financial statements
but are not RSI. We did not audit or perform other procedures on this other information and we do not express an
opinion or provide any assurance on it.
This information is intended solely for the use of the Mayor, City Council, and management of the City of Iowa
City, Iowa and is not intended to be, and should not be, used by anyone other than these specified parties.
Sincerely,
EIDE BAILLY LLP
X/-7�'
Dubuque, Iowa
City of Iowa City
Comprehensive Annual
Fi40
nancial Report
For the Fiscal Year Ended June 30, 2016
The new play structure at Mercer Park in Iowa City,
installed in 2016, is all-inclusive, allowing children and
their families to play together regardless of abilities.
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
CITY OF IOWA CITY, IOWA
FOR THE FISCAL YEAR ENDED JUNE 309 2016
PREPARED BY:
FINANCE DEPARTMENT
CITY OF IOWA CITY, IOWA
Introductory
Section
Tab
CITY OF IOWA CITY, IOWA
TABLE OF CONTENTS
June 30, 2016
Page
INTRODUCTORY SECTION
Tableof contents................................................................................................................................ 1
Letterof transmittal............................................................................................................................ 3
Certificate of Achievement for Excellence in Financial Reporting ................................................... 12
Cityorganizational chart .................................................................................................................... 13
Cityofficials....................................................................................................................................... 14
IaIC/_\C[ej/_\IG9KIM YG]CI
INDEPENDENT AUDITOR'S REPORT.........................................................................................
15
MANAGEMENT'S DISCUSSION AND ANALYSIS....................................................................
19
BASIC FINANCIAL STATEMENTS
Government -wide financial statements
Statementof net position.............................................................................................................
32
Statementof activities..................................................................................................................
34
Fund financial statements
Balance sheet — governmental funds............................................................................................
36
Reconciliation of the balance sheet of the governmental funds to the statement of net position.
37
Statement of revenues, expenditures, and changes in fund balances — governmental funds .......
38
Reconciliation of the statement of revenues, expenditures, and changes in fund balances of
governmental funds to the statement of activities.....................................................................
39
Statement of net position — proprietary funds..............................................................................
40
Statement of revenues, expenses, and changes in fund net position — proprietary funds ............
41
Statement of cash flows — proprietary funds................................................................................
42
Statement of fiduciary assets and liabilities.................................................................................
43
Notes to financial statements..........................................................................................................
44
REQUIRED SUPPLEMENTARY INFORMATION
Budgetary comparison schedule — budget and actual — all governmental funds and enterprise
funds — budgetary basis....................................................................................
84
Budgetary comparison schedule —budget to GAAP reconciliation ...................................
86
Note to required supplementary information — budgetary reporting ...................................
87
Schedule of the City's proportionate share of MEPRSI net pension liability ........................
89
Schedule of City's MEPRSI contributions...............................................................
90
Note to required supplementary information — MEPRSI pension liability ...........................
92
Schedule of the City's proportionate share of IPERS net pension liability ..........................
93
Schedule of City's IPERS contributions..................................................................
94
Note to required supplementary information — IPERS pension liability .............................
96
Required supplementary information — schedule of funding progress for health and dental
plans..........................................................................................................
98
COMBINING AND INDIVIDUAL FUND STATEMENTS
Combining balance sheet — nonmajor governmental funds............................................................
100
Combining statement of revenues, expenditures, and changes in fund balances — nonmajor
governmentalfunds......................................................................................................................
101
Combining statement of net position — nonmajor enterprise funds ................................................
104
Combining statement of revenues, expenses, and changes in fund net position — nonmajor
enterprisefunds............................................................................................................................
105
Combining statement of cash flows — nonmajor enterprise funds ..................................................
106
Combining statement of net position — internal service funds ........................................................
108
Combining statement of revenues, expenses, and changes in fund net position — internal service
funds.............................................................................................................................................
109
1
CITY OF IOWA CITY, IOWA
TABLE OF CONTENTS
June 30, 2016
Page
COMMIT IING AND INDIVIDUAL FUND STATEMENTS (continued)
Combining statement of cash flows — internal service funds.......................................................... 110
Statement of changes in assets and liabilities — agency funds......................................................... 112
STATISTICAL SECTION (UNAUDITED)
Netposition by component.................................................................................................................
115
Changesin net position......................................................................................................................
116
Fund balances — governmental funds.................................................................................................
118
Changes in fund balances — governmental funds...............................................................................
119
General government tax revenues by source......................................................................................
120
Assessed and taxable value of property..............................................................................................
121
Property tax rates — direct and overlapping governments..................................................................
122
Property tax budgets and collections..................................................................................................
123
Principaltaxpayers.............................................................................................................................
124
Principal water system customers......................................................................................................
126
Sales history and total water charges..................................................................................................
127
Principal sewer system customers......................................................................................................
128
Sales history and total sewer charges.................................................................................................
129
Ratios of outstanding debt by type.....................................................................................................
130
Ratios of general obligation bonded debt to assessed value and net bonded debt per capita .............
131
Ratio of annual debt service expenditures for general bonded debt to total general governmental
expenditures.....................................................................................................................................
132
Computation of direct and overlapping debt......................................................................................
133
Legal debt margin information...........................................................................................................
134
General obligation debt annual maturity schedule.............................................................................
135
Schedule of revenue bond coverage...................................................................................................
136
Revenue debt annual maturity schedule.............................................................................................
137
Revenue debt annual maturity by funding source..............................................................................
138
Demographic and economic statistics................................................................................................
140
Principalemployers............................................................................................................................
141
Full-time equivalent city government employees by function...........................................................
142
Operating indicators by function........................................................................................................
144
Capitalassets by function...................................................................................................................
145
Independent auditor's report on internal control over financial reporting and on compliance and
other matters based on an audit of financial statements performed in accordance with Government
AuditingStandards............................................................................................................................. 147
Independent auditor's report on compliance for each major federal program and report on internal
control over compliance required by the Uniform Guidance............................................................. 149
Schedule of expenditures of federal awards....................................................................................... 151
Notes to the schedule of expenditures of federal awards................................................................... 155
Schedule of findings and questioned costs......................................................................................... 156
Summary schedule of prior federal audit findings............................................................................. 158
2
December 12, 2016
To the Citizens, Honorable Mayor, Members
of the City Council and City Manager
City of Iowa City, Iowa
i r
CITY OF IOWA CITY
The Comprehensive Annual Financial Report (CAFR) of the City of Iowa City, Iowa (the City)
for the fiscal year ended June 30, 2016 is submitted herewith in accordance with the provisions of
Chapter 11 of the Code of Iowa. The City's Finance Department prepared this report.
Responsibility for both the accuracy of the data presented and the completeness and fairness of
the presentation, including all disclosures, rest with the City. I believe the information, as
presented, is accurate in all material respects and presented in a manner designed to fairly present
the financial position and results of operations of the City. All disclosures necessary to enable the
reader to gain an understanding of the City's financial affairs have been included.
Management assumes full responsibility for the completeness and reliability of all of the
information presented in this report, based upon a comprehensive framework of internal control
that it has established for this purpose. Because the cost of internal controls should not exceed
anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the
financial statements will be free of any material misstatement.
Fide Bailly, LLP, a firm of independent public accountants has issued an unmodified ("clean")
opinion on the City's financial statements for the year ended June 30, 2016. Their opinion is
included in the Financial Section of this report.
The City is required to undergo an annual single audit in conformity with the provisions of Titele 2
U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards (Uniform Guidance). Information to comply with the
Uniform Guidance and "Government Audifing Standards" is included in the Compliance Section of
Us report.
GAAP requires that management provide a narrative introduction, overview, and analysis to
accompany the basic financial statements in the form of Management's Discussion and Analysis
(MD&A). This letter of transmittal is designed to complement the MD&A and should be read in
conjunction with it. The City's MD&A can be found immediately following the report of the
independent auditors.
Profile of the Government
The City of Iowa City was incorporated April 6, 1853. The City is governed by a seven member
Council; each member serves a four-year term. Elections are held every two years allowing for
continuation in office of at least three members at each biennial election. The Council members are
elected at large, with three members nominated from specific districts and the remaining four
members nominated at large. The Council elects the Mayor from its own members for a two-year
term.
3
The City Council is the legislative body and makes all policy determinations for the City through
the enactment of ordinances and resolutions. It also adopts a budget to determine how the City will
obtain and spend its funds. The Council appoints members of boards, commissions and
committees.
The City Manager is the chief administrative officer for the City and is appointed by the City
Council. The City Manager implements policy decisions of the City Council and enforces City
ordinances. In addition, the City Manager appoints and directly supervises the directors of the
City's operating departments and supervises the administration of the City's personnel system. The
City Manager supervises 496 full-time and 46 part-time permanent municipal employees and 470
temporary employees, including a police force of 82 sworn personnel and a fire department of 64
firefighters.
The City Clerk is appointed by the City Council and reports to the Council. The City Clerk's
Office administers the City government's documentation, City licenses and permits, and provides
information from the Municipal Code and City Ordinances to the public and other City
departments. The City Clerk's Office is also responsible for distributing and maintaining accurate
records of all City Council proceedings. The Clerk supervises 3 full-time employees and 1
temporary employee.
The City Attorney is also appointed by the City Council and works at the direction of the City
Council. The City Attorney supervises the City Attorney's Office, including 4 Assistant City
Attorneys and 2 other full-time employees. In addition, the City Attorney acts as Chief Legal
Counsel to the City Council, City Manager, the various City departments and staff, and most City
commissions. committees and boards.
The City provides a full range of services including police and fire protection, construction and
maintenance of roads, streets and infrastructure, inspection and licensing functions, a municipal
airport, library, recreational activities, and cultural events. The City owns and operates its water
supply and distribution system and sewage collection and treatment system with secondary
treatment also provided. Virtually the entire City has separate storm and sanitary sewer systems.
The City operates a municipal off-street and on -street parking system in the downtown area. The
City also operates a transit system.
The annual budget serves as the foundation for the City's financial planning and control. All
departments of the City are required to submit requests for appropriation to the City Manager in
October. The City Manager uses these requests as the starting point for developing a proposed
budget. The City Manager then presents this proposed budget to the Council for review in
December. The Council is required to hold a public hearing on the proposed budget and to adopt a
final budget no later than March 15. The appropriated budget is prepared by fund, function (e.g.,
Public Safety), and department (e.g., Police).
The City adopts a three-year financial plan that includes both operations and capital improvements.
This three-year plan permits a more comprehensive review of the City's financial condition,
allowing analysis of the current and future needs and requirements. During preparation of the plan,
careful review is made of property tax levy rates, utility and user fee requirements, ending cash
balances by fund, debt service obligations, bond financing needs, capital outlay for equipment
purchases and major capital improvement projects. The state requires at least a one-year operating
budget. While legal spending control is exercised at a state mandated function level, management
control is set at the Department Manager level. Encumbrance accounting is utilized in all funds for
budgetary control. Appropriations that are not spent lapse at the end of the year.
4
Information Useful in Assessing the Government's Economic Condition
The City's economic strength is based on the educational sector, medical services, and diversified
manufacturing. The University of Iowa and the University of Iowa Hospital and Clinics are the
City's largest employers with over 27,300 employees. The University of Iowa had a record high
enrollment in fall 2016 of 33,334 students. The academic and research missions of the
University, along with the health care services provided at its hospitals and clinics, have a
tremendously positive economic impact on the area.
The City also has a significant number of national and international businesses, including Fortune
500 companies. The City continues to see sustained production in our major local industries; ACT
Inc., NCS Pearson, and Proctor & Gamble. Continued economic development efforts with the Iowa
City and Coralville Chambers of Commerce, private interests, the University of Iowa, other
surrounding communities, and participation as a member of the Iowa City Area Development
Group, have also produced positive results with the retention and expansion of businesses.
In addition, Iowa's Creative Corridor is a seven -county alliance surrounding Iowa City and has
been identified as one of the major growth areas for new business development in the State of Iowa.
This Corridor gives employers workforce access to a region uniquely Iowan, founded with a
manufacturing heritage, but actively seeking new frontiers and opportunities in information
technology, biotechnology and bioprocessing, renewable energy, insurance and financial services,
advanced manufacturing, and educational services. Continued developments within Iowa City and
the region have a favorable impact upon the City's economy.
As a whole, the City's economy continues to grow. While established firms continue to prosper
and expand in Iowa City and there are opportunities for growth of new businesses, several of the
City's businesses have announced layoffs in 2015 and 2016. ACT, Inc. announced a layoff of 80
employees in August 2015, NCS Pearson announced a layoff of 57 employees in April 2016, and
International Automotive Components announced a layoff of nearly 500 workers in October
2016. Overall, employment has remained steady as evidenced in the unemployment rate for Iowa
City, which continues to remain low at 2.8% for the month of June 2016, as compared to 4.0% for
the State of Iowa, and 4.9% for the national average.
The rate of new housing construction increased in comparison to the prior year based on the
number of building permits issued. This consisted of 137 new single-family houses in 2015 as
compared to 176 in 2014; multi -family dwelling units added during fiscal year 2015 was 499,
compared to 218 in 2014; and mixed commercial/residential developments added 47 dwelling
units in 2015 versus 37 residential units in 2014. Altogether these housing additions totaled 683
units valued at $92,701,042 in 2015 versus a total of 431 units valued at $78,784,970 in 2014.
The value of permits for commercial construction decreased by $18,721,859 to $12,241,486 from
2014 to 2015; however, the value of remodeling permits for residential and commercial increased
by $3,861,511 to $31,040,841 from 2014 to 2015.
According to the 2010 census, the population of Iowa City is 67,862. This is an increase of 5,672
or 9.1% as compared to the 2000 census. Iowa City population in 2015 is estimated to be 74,220
by the U.S. Census Bureau.
The stability of the University of Iowa coupled with historically steady employment by the City's
multi -sector base of manufacturing and service industries, helped insulate the City from any
significant negative economic impacts of the national recession. The City's property valuations
continue to rise and along with the low unemployment rate, this is indicative of the City's relative
economic stability.
5
Major Initiatives
The City of Iowa City, with the assistance of the University of Iowa's Institute of Public Affairs,
completed the City's Strategic Plan. The strategic planning process involved multiple steps,
including gathering input from the general public, front-line City staff, department directors, and the
City Council. The Strategic Plan establishes the following organizational priorities, programs,
policies, and initiatives:
Promote a Strong and Resilient Local Economy
• Identify how the City and local partners can effectively market and grow the local
foods economy
• Review and consider amending the City's Tax Increment Finance (TIF) policy
• Promote neighborhood commercial districts and build stronger relations with
business owners throughout the community
• Work closely with the University of Iowa and Kirkwood Community College on
future facilities and economic development opportunities, especially in the Riverfront
Crossings District
• Work closely with the ICCSD, Kirkwood Community College, labor organizations,
Iowa Works and others to explore the feasibility of an industrial arts/crafts facility in
Iowa City
• Proactively seek opportunities to facilitate development of our interstate entryways in
a manner consistent with this strategic plan
• Develop programs aimed to enhance small business development and retention with a
focus on diverse communities
2. Encourage a Vibrant and Walkable Urban Core
• Consider creating a new City Council committee with a focus on the sustainable built
environment
• Support historic preservation efforts
• Initiate public dialogue about the meaning and importance of a walkable
neighborhood and how to achieve it
• Encourage diverse housing types and price points for a variety of income levels
3. Foster Healthy Neighborhoods throughout the City
• Consider amending the City's Annexation Policy to require the provision of
affordable housing in residential/mixed-use areas
• Evaluate the implementation of a Form Based Code in one or two parts of the
community
• Develop strategies to diversify the membership of neighborhood associations
• Substantially improve access and use of public spaces through improvements to
sidewalks, streetscapes, parks, and schools
4. Maintain a Solid Financial Foundation
• Continue to monitor the impact of the 2013 property tax reform and evaluate
alternative revenue sources as determined necessary
• Continue to build the City's Emergency Fund
• Monitor potential changes to Moody's rating criteria and maintain the City's Aaa
bond rating
• Continue to reduce the City's property tax levy
• Maintain healthy fund balances throughout the City's diverse operations
5. Enhance Community Engagement and Intergovernmental Relations
• Provide timely and appropriate input on the ICC SD's planned 2017 bond referendum
• Televise regular City Council work sessions
• Significantly improve the Council and Staffs ability to engage with diverse
populations on complex or controversial topics
6. Promote Environmental Sustainability
• Raise Iowa City's Bicycle Friendly Community status from Silver to Gold by 2017
and aspire toward a Platinum status in the future
• Evaluate and consider implementation of a plastic bag policy
• Undertake a project in FY 2017 that achieves a significant measurable carbon
emission reduction
• Set a substantive and achievable goal for reducing city-wide carbon emissions by
2030, and create an ad-hoc climate change task force, potentially under an umbrella
STAR Communities committee, to devise a cost-effective strategy for achieving the
goal
• Collaborate with community partners on sustainability efforts
Advance Social Justice and Racial Equity
• Develop and implement a racial / socioeconomic equity review toolkit
• Support the Housing First initiative and other local homeless efforts including the
temporary winter shelter
• Consider creating a City Council committee with a focus on social justice and racial
equity
• Evaluate initiatives to effectively engage the community's youth
• Identify and implement an achievable goal to reduce disproportionality in arrests
• Create a racial equity grant program
• Develop a partnership with the University of Iowa and other key stakeholders that
will aid efforts to recruit and retain a greater minority workforce
• Identify a substantive and achievable goal for the provision of affordable housing in
Iowa City and implement strategies to achieve this goal
The City Council has also promoted private investment and re -development of other targeted
areas throughout the community. The areas that are currently being focused on include the
Riverfront Crossings area, the Downtown District, the Towncrest commercial area, the Sycamore
Mall and First Avenue commercial area, and the Riverside Drive commercial area.
The Riverfront Crossing area is an initiative to revitalize the area south of Iowa City's downtown
district. This area was hard hit by the flooding in 2008 and ideas for improving the district were
initiated as part of a combined flood mitigation plan. The new neighborhood will feature a
riverfront park with walking and biking trails, a variety of housing options near shopping,
restaurants, a state-of-the-art recital hall and recreational facilities and is a short walk to
downtown Iowa City and the University of Iowa campus.
The Riverfront Crossings area is anchored by a 76.8 acre area that was formerly comprised of
public facilities including the City's north wastewater treatment plant. The City received an $8.5
million hazard mitigation grant from the State of Iowa that allowed the City to remove these
public facilities, and then convert the area into a riverfront park and wetland. This work is
expected to be completed in 2017. On the north side of the Riverfront Crossing area, the
University of Iowa recently completed construction of the Voxman School of Music. There are
several public and private developments also under construction in this area including a 12 -story,
$33 million Hilton Garden Inn, a $102.5 million mixed-use development with a 14 -story tower
and a 15 -story tower that will include a hotel, apartments, retail space, and office space. The City
is also constructing a $15.3 million, 600 space parking garage to service the growth in this area.
In the Downtown District, the City completed a streetscape plan for the Central Business District
which included lighting, landscaping, parking, utility improvements, art work, and pedestrian
amenities. Reconstruction, design, and enhancement are under way for the Washington Street
corridor, the Black Hawk mini park and the downtown pedestrian mall.
Other buildings in the downtown that are undergoing or have recently completed major re-
development include the historic Midwest One bank building and the conversion of the city -
owned Wilson building and public space. The Wilson Building and public space will be
developed into a 15 -story mixed-use development to be known as the Chauncey; this building
will have 8 floors of residential units, a 35 unit hotel, two floors of commercial space, a movie
theatre and a bowling alley. The project is anticipated to be $49 million and will be assisted with
tax increment financing.
In the Towncrest commercial area, City staff is working to facilitate redevelopment of several key
properties that will improve the function and aesthetic appeal of the area. The Towncrest Urban
Renewal Area was developed to revitalize the Towncrest commercial district in ways that would
serve existing businesses while also drawing new retailers, service providers, and consumers to
the area. The first catalyst project approved in the Towncrest Urban Renewal Area was a
developer's agreement with MDK Development LLC for the redevelopment of a gas station and a
building used for storage into two new office buildings with a combined square footage of
14,500. Total project costs for this development are estimated at $5,200,000. A second major
project underway is a Low Income Housing Tax Credit project to construct a $7.4 million, 40 unit
senior housing complex on the current site of a dilapidated commercial structure. This project is
anticipated to start by the end of 2016.
The Sycamore Mall and First Avenue commercial area is a commercial area surrounding the
former Sycamore Mall in southeast Iowa City. The departure of an anchor tenant at Sycamore
Mall presented a great challenge, but also a unique opportunity to reinvent the commercial space.
Mall ownership has commenced plans for physical improvements to the property and a new
marketing name of Iowa City Marketplace. The Mall ownership has found a replacement anchor
tenant, Lucky's Market, which has remodeled the former space and moved in during the summer
of 2015. The City is completing significant capital projects in the area that have lasted two or
more construction seasons. These projects include reconstruction of Sycamore Street and Lower
Muscatine Road, and a grade separation project on First Avenue including new storm sewer and a
railroad underpass. These projects, which are underway in different phases, will each have a
positive impact on the traffic flows and aesthetics in this commercial district.
8
The Riverside Drive commercial area is an area that stretches from the University of Iowa
campus to the intersection of Highways 1 and 6 and is across the river from the Riverfront
Crossings development area. A development in the Riverside Drive area is currently nearing
completion for a 4 -story, $16.1 million multi-family/student housing development. Adjacent to
this development is commercial construction for new retail space and a gas station/marketplace.
The City is also developing a streetscape plan for this area which will include lighting, trails,
landscaping, and other amenities and improvements. Adjacent to this area is the City's aging
public works complex, which is being targeted for replacement and redevelopment. An appraisal
and evaluation as well as a plan for replacement are underway.
Long-term Financial Planning
It is our intent to support the major initiatives through budget appropriations, departmental
operations, and employee direction so that the organization as a whole is moving in the same
direction.
A significant influence in the preparation of the three-year financial plan (FY16 — FY18) is the
passage of property tax reform (SF295) by the state legislature. The property tax reform bill has
multiple components including a property tax rollback for commercial and industrial property,
steadily reducing the taxable value of these property types. The bill establishes a State backfill
for lost property tax revenues to the City due to the commercial and industrial rollback beginning
in FY15 and then caps the amount at FY17 levels. The cumulative reduction in commercial and
industrial property taxes due to this rollback is estimated to be $15,418,000 over the next ten
years. The maximum reimbursement from the State would be $14,732,000 for a net loss in
revenues of $686,000. The City received State reimbursement for the commercial and industrial
rollback of $1,048,359 in fiscal year 2015 and $2,080,228 in fiscal year 2016.
This bill also limits the annual taxable valuation growth of residential and agricultural property to
3 percent, instead of the current 4 percent. Initially, the financial impact will be minimal but over
time the consequences of this change will be significant. The effect will be that the taxable
percentage of residential property will increase at a slower pace. Without this change, the
estimated taxable percentage of residential property would be 60.85% in assessment year 2022.
With this provision in place, the estimated taxable percentage in year 2022 will be 55.11%, a
reduction of 5.74%. Based on the assessed value of residential property in Iowa City, the
cumulative loss is estimated to be $20,772,000 over the next ten years and the City will not
receive any money from the State due to lost revenue from this provision.
SF295 also establishes a multi -residential property classification that will include mobile home
parks, assisted living facilities, and property primarily intended for human habitation. A gradual
rollback will be applied to these properties that will basically treat them as residential property,
rather than commercial, by the year 2022. The estimated cumulative loss over the next ten years
is $15,505,000 and will not be reimbursed by the State of Iowa. The first fiscal year for this new
class of property will be fiscal year 2017.
With the implementation of SF295, the City estimates the tax revenue losses to be $2,768,000 for
FY15 — FY17. Since some of the effects of these reforms are gradual, the magnitude of the losses
will not be felt till later years and the total cumulative ten-year loss is anticipated to be
$36,963,000, which will affect the City's ability to finance services at current levels without
finding other revenue sources or more efficient ways to deliver services.
9
The City's long-term financial planning strategy is to promote targeted economic development,
diversify its revenue structure, control spending and create efficiencies and to build adequate
reserves and contingencies into its financial structure. In addition, the City is annually reviewing
and adjusting its user fees, service charges, and fine structures to try to maintain all of its major
enterprise funds with a positive net income after depreciation but before capital contributions,
transfers, and extraordinary items. The City also confinues to strive to reduce the City's property
tax levy rate to be competitive for economic development purposes. For fiscal year 2013, the
levy rate was $17.269 per $1,000 of assessed value. The property tax levy rate has been reduced
for four consecutive years to $16.583 in fiscal year 2017. This has been a reduction of $.686 per
$1,000 of assessed value or 3.97% over that time period.
In looking at expenses for the FY16 — FY18 financial plan, the City will generally experience
increased expenditures; however at a modest pace. Bargaining unit wage increases are
approximately 2.40% to 2.60% each year; however, the budgeted full time equivalents (FTE) has
decreased from 615.66 in FY14 to 599.89 in FY17. In addition, public safety pension
contribution rates have decreased in FY17 and are projected to continue to remain stable in FY18.
The City had seen virtually no increase in its health insurance premium rates over the previous
three years, but in FY17 contribution rates increased by 13.65% due to high claims experience.
Employee contributions are expected to increase in FY17, and employee contributions,
deductibles, and out-of-pocket maximums are expected to increase in FY18.
In balancing the budget for the three-year period, the City attempted to reduce costs where
possible while continuing to provide high quality services, identify and eliminate redundancies
that may exist within the organization, examine exisfing and potential new revenue sources,
promote and plan for economic development and redevelopment throughout the City to ensure
strong property values, provide for necessary improvements to exisfing infrastructure, and uphold
fiscal integrity and maintain adequate cash reserves.
Awards and Acknowledgements
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting (the Certificate) to the City of
Iowa City, Iowa for its Comprehensive Annual Financial Report for the fiscal year ended June 30,
2015. The Certificate is the highest form of recognition for excellence in state and local financial
reporting.
In order to be awarded the Certificate, a governmental unit must publish an easily readable and
efficiently organized Comprehensive Annual Financial Report, whose contents conform to program
standards. The Comprehensive Annual Financial Report must satisfy both accounting principles
generally accepted in the United States of America and applicable legal requirements.
The Certificate is valid for a period of one year only. The City has received the Certificate for the
last thirty-one consecutive years. I believe our current report continues to conform to the Certificate
requirements and I will submit it to GFOA to determine its eligibility for another certificate.
In addition, the City received the GFOA's Award for Disfinguished Budget Presentation for its
annual appropriated budget beginning July 1, 2016. In order to qualify for the Distinguished
Budget Presentation Award, the City's budget document was judged to be proficient or outstanding
in several categories including policy documentation, financial planning, and organization. This is
the fifth consecutive year the City has received this award.
10
Responsibility and Acknowledgments
The Department of Finance prepared the Comprehensive Annual Financial Report of the City of
Iowa City, Iowa for the fiscal year ended June 30, 2016. The City Council, as required by law, is
responsible for the complete and accurate preparation of the City's Comprehensive Annual
Financial Report. I believe that the information presented is accurate in all material respects and
that this report fairly presents the financial position and results of operations of the various funds
of the City.
The preparation of this report on a timely basis could not have been accomplished without the
efficient and dedicated services of the entire staff of the City's Finance Department. I would like to
express my appreciation to all members of the department who assisted and contributed to its
preparation. I want to especially recognize the contributions of the City's Controller, Nicole
Knudtson-Davies, Assistant Controller, Sara Sproule, Senior Accountants, Justin Armatis and Katie
Downing and Payroll Accountant, Chris Hurlbert.
Also, I thank the Mayor, members of the City Council and the City Manager for their interest and
support in planning and conducting the financial operations of the City in a dedicated, responsible,
and progressive manner.
Respectfully submitted,
Dennis Bockenstedt
Director of Finance
11
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Iowa City
Iowa
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 2015
wipw 40-PAOi.."o
Executive Director/CEO
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City of Iowa City
Organization Chart
Community
City Council
Airport City Attorney
Commission
Airport Operations
City Manager
Iowa City Municipal
Airport
City Manager
Communications Office
Human Resources
Human Rights
Cable Television
Fire
Administration
Emergency Operations
Fire Prevention
Training
Finance
Administration
Accounting
Purchasing
Revenue
Risk Management
Information Technology
Services
Police
Administration
Administrative
Services
Field Operations
Neighborhood &
Development Services
Administration
Development Services
Neighborhood Services
Economic Development
Metropolitan Planning
Organization of Johnson County
13
City Clerk
Library
Board
Library
Library Operations
Library Foundation
Parks &
Recreation
Administration
Recreation
Park Maintenance
Cemetery
Public Works
Administration
Engineering
Streets
Wastewater
Water
Storm Water
Equipment
Senior
Center
Transportation &
Resource
Management
Administration
Parking
Public Transportation
Landfill
Refuse Collection
Mayor
Council Member and Mayor Pro Tem
Council Member
Council Member
Council Member
Council Member
Council Member
City Manager
City Clerk
City Attorney
CITY OF IOWA CITY, IOWA
LISTING OF CITY OFFICIALS
June 30, 2016
ELECTED OFFICIALS
Jim Throgmorton
Kingsley Botchway II
Susan Mims
Terry Dickens
Rockne Cole
Pauline Taylor
John Thomas
APPOINTED OFFICIALS
Geoff Frain
Marian K. Karr
Eleanor Dilkes
DEPARTMENT DIRECTORS
Assistant City Manager
Director of Neighborhood Development Services
Library Director
Director of Public Works
Director of Transportation Services
Senior Center Coordinator
Fire Chief
Parks and Recreation Director
Director of Finance
Interim Chief of Police
Ashley Monroe
Douglas W. Boothroy
Susan Craig
Ron Knoche
Chris O'Brien
Linda Kopping
John Grier
Juli Seydell Johnson
Dennis Bockenstedt
William Campbell
14
Term Expires
January 2, 2020
January 2, 2018
January 2, 2018
January 2, 2018
January 2, 2020
January 2, 2020
January 2, 2020
Date of Hire
November 28, 2011
May 21, 1979
March 18, 1996
December 1, 2016
September 22, 1975
July 28, 1975
April 28, 1999
December, 29, 1997
March 20, 1995
August 10, 1992
January 4, 2016
February 15, 2013
April 27, 1990
Financial
Section
Tabs
Eid�� lly
CPAs & BUSI]FSS ADVISORS
Independent Auditor's Report
To the Honorable Mayor and
Members of the City Council
City of Iowa City, Iowa
Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities, the business -type
activities, each major fund, and the aggregate remaining fund information of the City of Iowa City, Iowa,
(City) as of and for the year ended June 30, 2016, and the related notes to the financial statements, which
collectively comprise the City's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity's preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
15
www.eideboilly.com
1545 Associates Dr., Ste. 101 1 Dubuque, IA 52002-2299 1 T 563.556.1790 1 F 563.557.7842 1 EOE
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, the business -type activities, each major fund,
and the aggregate remaining fund information of the City of Iowa City, Iowa, as of June 30, 2016, and the
respective changes in financial position and, where applicable, cash flows thereof for the year then ended
in accordance with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's
discussion and analysis and other required supplementary information listed in the table of contents be
presented to supplement the basic financial statements. Such information, although not a part of the basic
financial statements, is required by the Governmental Accounting Standards Board, who considers it to be
an essential part of financial reporting for placing the basic financial statements in an appropriate
operational, economic, or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the United States
of America, which consisted of inquiries of management about the methods of preparing the information
and comparing the information for consistency with management's responses to our inquiries, the basic
financial statements, and other knowledge we obtained during our audit of the basic financial statements.
We do not express an opinion or provide any assurance on the information because the limited procedures
do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City of Iowa City, Iowa's financial statements. The introductory section, combining
nonrnajor fund financial statements, and statistical section are presented for purposes of additional
analysis and are not a required part of the financial statements. The accompanying schedule of
expenditures of federal awards is presented for purposes of additional analysis as required by Title 2 U. S.
Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards, and is also not a required part of the financial statements.
The combining nonrnajor fund financial statements and the schedule of expenditures of federal awards are
the responsibility of management and were derived from and relate directly to the underlying accounting
and other records used to prepare the basic financial statements. Such information has been subjected to
the auditing procedures applied in the audit of the basic financial statements and certain additional
procedures, including comparing and reconciling such information directly to the underlying accounting
and other records used to prepare the basic financial statements or to the basic financial statements
themselves, and other additional procedures in accordance with auditing standards generally accepted in
the United States of America. In our opinion, the combining nonrnajor fund financial statements and the
schedule of expenditures of federal awards are fairly stated, in all material respects, in relation to the basic
financial statements as a whole.
The introductory and statistical sections have not been subjected to the auditing procedures applied in the
audit of the basic financial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
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Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued a report dated December 12,
2016, on our consideration of the City of Iowa City, Iowa's internal control over financial reporting and
on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements,
and other matters. The purpose of that report is to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing, and not to provide an opinion on the
internal control over financial reporting or on compliance. That report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the City's internal control
over financial reporting and compliance.
Dubuque, Iowa
December 12, 2016
17
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18
Management's Discussion and Analysis
As management of the City of Iowa City, we present this narrative overview and analysis of the financial
activities of the City for the fiscal year ended June 30, 2016. This narrative is intended to be used in
conjunction with additional information that is included in the letter of transmittal, which can be found on
pages 3 — 11 of this report.
Financial Highlights
• The assets and deferred outflows of resources of the City of Iowa City exceeded its liabilities and deferred
inflows of resources at the close of the fiscal year ending June 30, 2016 by $595,338,000 (net position).
Of this amount, $87,874,000 (unrestricted net position) may be used to meet the government's ongoing
obligations to its citizens and creditors.
• The City's total net position increased by $30,614,000 during the fiscal year. Governmental activities
increased by $18,222,000 and business -type activities increased by $12,392,000.
• At the close of the current fiscal year, the City's governmental funds reported combined ending fund
balances of $86,518,000, an increase of $9,492,000 in comparison with the prior year. Of this total
amount, approximately $23,366,000 or 27.0% is unassigned and available for spending at the City's
discretion.
• At the end of the current fiscal year, the City's unassigned fund balance for the General Fund was
$23,366,000 or 52.8% of total General Fund expenditures.
Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the City's basic financial statements.
The City's basic financial statements are comprised of three components: 1) government -wide financial
statements, 2) fund financial statements; and 3) notes to the financial statements. This report also contains
other supplementary information in addition to the basic financial statements themselves.
Government -wide Financial Statements: The government -wide financial statements are designed to provide
readers with a broad overview of the City's finances in a manner similar to a private -sector business.
The statement of net position presents information on all of the City's assets and deferred outflows of
resources, liabilities and deferred inflows of resources, with the difference reported as net position. Over
time, increases or decreases in net position may serve as a useful indicator of whether the financial position of
the City is improving or deteriorating.
The statement of activities presents information showing how the City's net position changed during the most
recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the
change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in
this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes
and earned but unused vacation leave).
Both of the government -wide financial statements distinguish functions of the City that are principally
supported by taxes and intergovernmental revenues (governmental activities) from other functions that are
intended to recover all or a significant portion of their costs through user fees and charges (business -type
activities). The governmental activities of the City include Public Safety, Public Works (roads and traffic
controls), Culture and Recreation, Community and Economic Development, General Government, and
Interest on long-term debt. The business -type activities of the City include Airport, Housing Authority,
Parking, Sanitation, Stormwater Collection, Transit, Wastewater Treatment, and Water.
The government -wide financial statements may be found on pages 32 — 35 of this report
19
Fund Financial Statements: A fund is a grouping of related accounts that is used to maintain control over
resources that have been segregated for specific activities or objectives. The City, like other state and local
governments, uses fund accounting to ensure and demonstrate compliance with finance -related legal
requirements. All of the funds of the City can be divided into three categories: governmental funds,
proprietary funds, and fiduciary funds.
Governmental Funds: Governmental funds are used to account for essentially the same function reported as
governmental activities in the government -wide financial statements. However, unlike the government -wide
financial statements, governmental fund financial statements focus on near-term inflows and outflows of
spendable resources, as well as on balances of spendable resources available at the end of the fiscal year.
Such information may be useful in evaluating a government's near-term financing requirements and is
typically the basis that is used in developing the next annual budget.
Because the focus of governmental funds is narrower than that of the government -wide financial statements, it
is useful to compare the information presented for governmental funds with similar information presented for
governmental activities in the government -wide financial statements. Both the governmental fund balance
sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a
reconciliation to facilitate this comparison.
The City has six major governmental funds: General Fund, Employee Benefits Fund, Community
Development Block Grant Fund, Other Shared Revenue and Grants, Bridges, Street and Traffic Control
Construction Fund, and Debt Service Fund. Information is presented separately in the governmental funds
balance sheet and in the governmental funds statement of revenues, expenditures, and changes in fund
balances for these major funds. Data from all other non -major governmental funds is combined into a single
aggregated presentation and are referenced under a single column as "Other Governmental Funds".
Individual fund data on each of these non -major governmental funds is provided in the form of combining
statements elsewhere in this report.
The City adopts an annual appropriated budget for all governmental funds as required by state statute. Budget
comparisons have been provided for the Governmental funds and the Enterprise funds, to demonstrate
compliance with the adopted budget.
The basic governmental funds financial statements can be found on pages 36 — 39 of this report.
Proprietary Funds: The City maintains two different types of proprietary funds. Enterprise funds are used
to report the same functions presented as business -type activities in the government -wide financial statements.
The City uses enterprise funds to account for its Airport, Housing Authority, Parking, Sanitation, Stormwater
Collection, Transit, Wastewater Treatment, and Water activities. Internal Service funds are an accounting
device used to accumulate and allocate costs internally among the City's various functions. The City has four
Internal Service Funds: Equipment Maintenance, Central Services, Loss Reserve, and Information
Technology. Because these services predominantly benefit governmental rather than business -type functions,
they have been included within governmental activities in the government -wide financial statements.
Proprietary funds financial statements provide the same type of information as the government -wide financial
statements, only in more detail. Parking, Wastewater Treatment, Water, Sanitation, Stormwater, Housing
Authority and Transit Funds are considered to be major funds and are reported individually throughout the
report. The other two non -major enterprise funds are grouped together for reporting purposes and listed under
a single heading "Other Enterprise Funds". Detailed information for each of the non -major funds is provided
in the combining statements on pages 104 — 106. Individual fund data for the Internal Service funds is
provided in the form of combining statements elsewhere in this report.
The basic proprietary fund financial statements can be found on pages 40 — 42 of this report
20
Fiduciary Funds: Fiduciary funds are used to account for resources held for the benefit of parties outside the
government. Fiduciary funds are not available to support the City's own programs and therefore are not
reflected in the government -wide financial statements. The City has one fiduciary fund: Project Green, which
is maintained as an agency fund.
The basic fiduciary funds financial statements can be found on page 43.
Notes to Financial Statements: The notes provide additional information that is essential to a full
understanding of the data provided in the government -wide and fund financial statements. The notes to the
financial statements can be found on pages 44 - 82 of this report.
Other Information: The combining statements referred to in the above paragraphs in connection with non -
major governmental funds, non -major enterprise funds, and internal service funds are presented immediately
following the notes.
Government -wide Financial Analysis
As noted earlier, net position may serve over time as a useful indicator of a government's financial position.
In the case of the City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of
resources by $595,338,000 at the close of the fiscal year ended June 30, 2016.
By far, the largest portion of the City's net position reflect its investment in capital assets (e.g., land, building,
machinery and equipment, improvements other than buildings, and infrastructure), net any related debt to
acquire those assets that is still outstanding. The City uses these capital assets to provide services to its
citizens; consequently, these assets are not available for future spending. Although the City's investment in
its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt
must be provided from other resources, since the capital assets themselves cannot be used to liquidate these
liabilities.
City of Iowa Cily's Net Posifion
June 30, 2016
(amounts expressed in thousands)
Goverumeutal
acfialfies
Business -type
acfia9fies
Total
21
2016
2015
2016
2015
2016
2015
Current and other assets
$ 187,556
$ 181,204
$ 116,163
$ 104,844
$ 303,719
$ 286,048
Capital assets
207,222
199,652
319,926
325,429
527,148
525,081
Tota] assets
394,778
380,856
436,089
430,273
830,867
811,129
Deferred outflows ofresources
7,192
6,767
1,217
1,296
8,409
8,063
Long-term liabilities outstanding
94,598
91,815
57,712
62,026
152,310
153,841
Current and other liabilities
13,146
15,864
7,217
7,931
20,363
23,795
Tot al liabilities
107,744
107,679
64,929
69,957
172,673
177,636
Deferred inflows ofresources
70,308
74,248
957
2,584
71,265
76,832
Net position:
Net investment in
capital assets
163,362
153,729
279,679
279,272
443,041
433,001
Restricted
42,154
36,447
22,269
22,389
64,423
58.836
Unmstaicted
18.402
15,520
69,472
57.367
87.874
72.887
Total net position
S 223.918
$ 205,696
S 371.420
S 359.028
S 595.338
S 564.724
21
A portion of the City's net position, $64,423,000 or 10.8%, represents resources that are subject to external
restrictions on how they may be used. The remaining balance of the unrestricted net position, $87,874,000 or
14.8%, may be used to meet the government's ongoing obligations to its citizens and creditors. At the end of
the fiscal year ended June 30, 2016, the City is able to report positive balances in all three categories of net
position, both for the government as a whole, as well as for its separate governmental and business -type
activities.
The following is a more detailed review of FY 16's operation.
Governmental Activities: Governmental activities increased the City's net position by $18,222,000. The
increase in net position of governmental activities is primarily due to receiving grants to fund expenses for
capital assets and community development projects.
The total revenues for governmental activities for FY16 were $86,138,000. Governmental activities are
primarily funded through taxes, $55,831,000 or 64.8%, and grants and contributions, $13,940,000 or 16.2%.
Taxes increased from the prior year by $816,000, mostly due to increased property taxes which was due to an
increase in the taxable value of all property. Grants and contributions decreased from prior year by
$6,317,000 as the City's expenses for flood mitigation, which were covered by supplemental Community
Development Block Grants, have decreased.
Expenses for governmental activities totaled $61,603,000. Governmental activities are tracked by function
including Public Safety, Public Works, Community and Economic Development, Culture and Recreation, and
General Government. In FY16, Public Safety accounted for the highest portion of governmental expenses,
$22,029,000 or 35.8%, and increased slightly over the prior year due to an increase in pension expense.
Culture and Recreation expenses of $14,422,000 or 23.4% made up another large portion of the governmental
expenses and increased over the prior year due mainly to increases in library operating costs. Public Works
expenses of $10,839,000 or 17.6% made up the third highest portion of governmental expenses and decreased
from the prior year due to less flood recovery and mitigation projects.
Business -type Activities: Business -type activities increased the City's total net position by $12,392,000. The
increase in net position was primarily from the Parking and Wastewater Treatment funds. The increase in
Parking is due to a sale of land and the increase in the Wastewater Treatment fund is due to transfers from
governmental capital project funds. For all business -type activities, revenues exceeded expenses by
$6,079,000.
Revenues for business -type activities totaled $58,739,000. The primary revenue source for business -type
activities is charges for services, $39,953,000 or 68.0%. In addition for FY16, the City's business type -
activities had a significant portion, $15,246,000 or 26.0%, of their revenues from grants and contributions
used to help fund capital and flood recovery projects for business -type activities.
The total expenses for business -type activities in FY16 were $52,660,000. Wastewater Treatment represented
the highest portion of business -type activities, $11,866,000 or 22.5%, with Sanitation, $8,735,000 or 16.6%,
Housing Authority, $8,378,000 or 15.9%, Water, $8,149,000 or 15.5%, and Transit, $7,486,000 or 14.2%,
making up the remainder of the majority of business -type activities expenses.
22
City of Iowa City's Changes in Net Position
(amounts expressed in thousands)
The graphs on the following pages represent a breakdown of revenue by source and expenses by program area
for governmental and business -type activities.
23
Governmental
Business -type
activities
activities
Total
2016
2015
2016
2015
2016
2015
Revenues:
Program Revenues:
Charges for services
$ 8,560 $
8,140
$ 39,953 $
40,005
$ 48,513 $
48,145
Operating grants and contributions
9,941
8,701
10,639
10,269
20,580
18,970
Capital grants and contributions
3,999
11,556
4,607
2,880
8,606
14,436
General Revenues:
Prop city taxes
53,114
52,205
-
-
53,114
52,205
Other taxes
2,717
2,810
-
-
2,717
2,810
Grants and contributions not restrcieted
to specific purposes
2,080
1,048
-
-
2,080
1,048
Fangs on investments
1,045
1,188
715
707
1,760
1,895
Gain on disposal of capital assets
218
135
2,463
856
2,681
991
Other
4,464
5,518
362
374
4,826
5,892
Total revenues
86,138
91,301
58,739
55,091
144,877
146,392
Fxp enses:
Public safety
22,029
21,193
-
-
22,029
21,193
Public works
10,839
11,037
-
-
10,839
11,037
Culture and recreation
14,422
14,049
-
-
14,422
14,049
Community and economic development
6,786
7,093
-
-
6,786
7,093
General government
6,240
7,752
-
-
6,240
7,752
Interest on long-term debt
1,287
1,517
-
-
1,287
1,517
Wastewater treatment
-
-
11,866
12,131
11,866
12,131
Water
-
-
8,149
8,403
8,149
8,403
Sanitation
-
-
8,735
8,114
8,735
8,114
Housing authority
-
-
8,378
7,873
8,378
7,873
Puking
-
-
4,460
4,678
4,460
4,678
Airport
-
-
1,597
1,612
1,597
1,612
Stormwater
-
-
1,989
2,091
1,989
2,091
Cable television
-
-
-
704
-
704
Transit
-
-
7,486
7,379
7,486
7,379
Total exp msec
61,603
62,641
52,660
52,985
114,263
115,626
Change in net position before transfers
and sp ecial item
24,535
28,660
6,079
2,106
30,614
30,766
Transfers
(6,395)
(10,057)
6,395
10,057
-
-
Reassignment of Cable Television to
governmental activities
82
-
(82)
-
-
-
Special item
-
-
-
(574)
-
(574)
Change in net position
18,222
18,603
12,392
11,589
30,614
30,192
Net position beginning of yen
205,696
187,093
359,028
347,439
564.-74
534,532
Net position end of ear
$ 223,918 $
205.696
$ 371.420 $
359.028
$ 595.338 $
564,724
The graphs on the following pages represent a breakdown of revenue by source and expenses by program area
for governmental and business -type activities.
23
Governmental Activities
FY2016 Revenue
by Source
Misc.
Other Taxes Other Charges for
3% 7% services
10%
Property taxes
62%
Business -Type Activities
FY2016 Revenue
by Source
Misc. Other
Grants and 5%
Contributions
26%
Charges for
services
69%
24
Grants and
Contributions
18%
24000 Public
,
Safety
Culture and
Recreation
Public
Works
Communitv and
Econ Dev
General
Govt
Interest
Expense
22,000
20,000
18,000
16,000
14,000
m 12,000
q° 10,000
8,000
6,000
4,000
2,000
0
22,000
20,000
18,000
16,000
14,000
h 12,000
L
c 10,000
G1
8,000
6,000
4,000
2,000
0
Governmental Activities
FY2016 Expenses
by Program Area
(amounts expressed in thousands)
Program Area
Business -Type Activities
FY2016 Expenses
by Program Area
(amounts expressed in thousands)
Wastewater
Treatment
Sanitation
Housing
Water Authority Transit
Parking
Stormwater
Airport
25
Program Area
Financial Analysis of the Government's Funds
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance -related
legal requirements.
Governmental Funds: The financial reporting focus of the City's governmental funds is to provide
information on near-term inflows, outflows, and balances of spendable resources. Such information may
be/is useful in assessing the City's financing requirements. In particular, unassigned fund balance may serve
as a useful measure of a government's net resources available for spending at the end of the fiscal year.
The City implemented GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type
Definitions effective with the June 30, 2011 financial statements. Fund balances for the governmental funds
are reported in classifications that comprise a hierarchy based on the extent to which the government honors
constraints on the specific purposes for which amounts in those funds can be spent.
As of the fiscal year ended June 30, 2016, the City's governmental funds reported combined ending fund
balances of $86,518,000, an increase of $9,492,000 in comparison with the prior year. Of this total amount,
$23,366,000 constitutes unassigned fund balance, which is available to use as working capital for the General
Fund since property tax revenues are received only twice a year and the remainder is available to meet the
future needs of the City. The remainder of the fund balance is not available for new spending because of
constraints imposed externally by creditors, grantors, contributors, or laws or regulations of other
governments or constraints imposed internally on the specific purposes for which these amounts can be spent.
The restricted fund balance of $57,241,000 or 66.2% contains external restraints on its use. The committed
and assigned fund balances of $4,699,000 or 5.4% and $1,143,000 or 1.3%, respectively, have been identified
by the City to be used for specific purposes. The nonspendable fund balance is $69,000 or 0.1%, which the
City is contractually required to maintain intact or cannot be spent because it is in a nonspendable format,
such as inventories.
The General Fund is the chief operating fund of the City. As of the fiscal year ended June 30, 2016, the
unassigned fund balance of the General Fund was $23,366,000 while General Fund's total fund balance was
$48,252,000. As a measure of the General Fund's liquidity, it may be useful to compare both unassigned
fund balance and total fund balance to total fund expenditures. Unassigned fund balance represents 52.8% of
total General Fund expenditures of $44,289,000, while total fund balance represents 109.0% of that same
amount.
During the current fiscal year, the fund balance of the City's General Fund decreased by $877,000. This is
due to operating expenditures being greater than operating revenues.
The fund balance in the Bridge, Street, and Traffic Control Construction Fund was $13,171,000, an increase
of $4,656,000. This fund accounts for transactions relating to the acquisition or construction of major streets,
bridges, and traffic control facilities. The fund balance in the Other Construction Fund was $8,749,000, an
increase of $4,249,000. This fund accounts for the construction or replacement of other governmental general
capital assets, such as administrative buildings, with various funding sources, including general obligation
bonds, intergovernmental revenues, and contributions. The change in these fund balances is due to timing of
the sale of GO bonds.
The fund balance for the Other Shared Revenue and Grants Fund was $7,112,000, representing a $1,445,000
increase in FY16. In FY16, the City received a $1,000,000 contribution to be used to fund affordable housing
projects.
Q
The fund balance for the Community Development Block Grant Fund was $449,000, representing a $172,000
increase in FY16. In FY16, the City received program income that we are required to use prior to accessing
grant funding. This program income was not fully utilized in FY16 and this fund will normally carry a
minimal or zero fund balance going forward.
The ending fund balance of the Debt Service Fund was $6,573,000, a decrease of $479,000, all of which is
reserved for the payment of debt service (i.e. payment of general obligation principal and interest).
The fund balance in the Employee Benefits Fund was stable from prior year. The ending fund balance was
$1,671,000, an increase of $78,000 or 4.9% from FYI 5.
Proprietary Funds: The City's proprietary funds provide the same type of information found in the
government -wide financial statements, but in more detail.
The ending net position of the enterprise funds was $357,714,000, an increase in net position of $11,293,000.
This was primarily due to capital contributions of federal and state grants to fund capital improvement
projects, transfers of business -type capital assets from governmental capital project funds and a sale of land in
the parking fund. Of the enterprise funds' net position, $279,679,000 is net investment in capital assets.
Unrestricted net position totaled $55,766,000, an increase of $11,006,000 compared to the previous year.
The Internal Service funds showed net position totaling $35,464,000 as of June 30, 2016, an increase of
$1,667,000 primarily due to operating income in the Equipment Reserve Fund to build up reserves for future
capital outlay.
Budgetary Highlights
The City presents budgetary information as allowed by GASB Statement No. 41. Budgets are based on nine
functional areas as required by state statute, not by fund or fund type.
The City had two budget amendments during the fiscal year. These amendments increased budgeted revenues
by $14,196,000 or 10.4% to a total of $150,244,000 and the expenditure budget by $41,702,000 or 26.4% to a
total of $199,689,000. These increases were due primarily to capital projects in governmental and business -
type funds because of timing of completion of projects.
Capital Assets and Debt Administration
Capital Assets: The City's investment in capital assets for its governmental and business -type activities as of
June 30, 2016 amounts to $527,148,000, net of accumulated depreciation. This investment in capital assets,
including land, buildings, improvements other than buildings, equipment, streets, bridges, trails, wastewater
and water systems, and other infrastructure represents the value of resources utilized to provide services to its
citizens. The City's investment in capital assets for the fiscal year ended June 30, 2016 increased by
$7,570,000 for governmental activities compared to the prior year and decreased by $5,503,000 for business -
type activities over the prior year.
27
The following table reflects the $527,148,000 investment in capital assets, net of accumulated depreciation.
City of Iowa City's Capital Assets
(net of depreciation)
(amounts expressed in thousands)
Major capital asset events during the current fiscal year included the following:
• Work was completed on the South Wastewater Plant Expansion in FY14. This project relocated the
North Wastewater Treatment Plant and consolidated operations into the South Wastewater Treatment
Plant through expansion of south plant facilities and demolition of the north plant facilities.
Demolition of the north plant was started in FY15 and was completed during FY16. Funding for the
project was provided by the State of Iowa through sales tax increment funding. Expenses of
$1,320,000 were incurred in FY16, with a total cost of $5,053,000.
• Work was completed for the West Side Levee Project, which includes the construction of an earthen
levee, riverbank stabilization, and interior drainage improvements. The construction in progress
balance at the beginning of the year was $4,939,000. Additional expenses of $404,000 were added in
FY 16. The total cost of the project that was capitalized was $5,338,000 and is funded primarily
through federal or state grants, with the remainder of funding from GO bonds.
• Work was completed for the Rocky Shore Lift Station/Flood Gates Project, which includes the
construction of a pump station near Rocky Shore Drive and flood gates on the CRANDIC railroad
bridge at Rocky Shore Drive to minimize future flooding of the Highway 6 corridor. The construction
in progress balance at the beginning of the year was $5,224,000. Additional expenses of $483,000
were added in FY16. The total cost of the project that was capitalized was $5,698,000 and is funded
primarily through federal or state grants, with the remainder of funding from GO bonds.
• Expenses for a variety of street and bridge construction were moved into construction in progress at
the end of FY16 for a total balance of $23,163,000. This construction in progress includes $8,482,000
for the Iowa City Gateway Project, which will reconstruct and elevate Dubuque Street and Park Road
Bridge to provide flood protection. This also includes construction in progress of $9,187,000 for the
1� Avenue/IAIS Railroad Crossing Improvements, which will lower 0 Avenue under the IAIS
Railroad including a railroad bridge, retaining wall and utilities.
Additional information on the City's capital assets can be found in Note 4 to the financial statements.
Debt Administration: At the end of the fiscal year, the City had total bonded debt outstanding of
$96,295,000. Of this amount, $55,350,000 comprises debt backed by the full faith and credit of the City.
However, $295,000 or .5% of the general obligation bonds is debt that serves enterprise funds and is abated
by their charges for services and $4,159,000 or 7.5% of these bonds is debt that will be paid with Tax
Increment Financing revenues. $40,945,000 represents revenue bonds secured solely by specific revenue
sources.
28
Governmental
Business -type
Activities
Activities
Total
2016
2015
2016
2015
2016
2015
Land
$ 24,081 $
23,470
$ 35,590 $
33,789
$ 59,671 $
57,259
Buildings
41,126
38,238
60,636
64,051
101,762
102,289
Improvements other than
buildings
4,092
3,737
4,703
4,925
8,795
8,662
Machinery and equipment
15,825
14,853
8,596
9,578
24,421
24,431
Infrastructure
97904
94,792
207,756
201,698
305,660
296,490
Construction in progress
24,194
24,562
2,645
11388
26,839
35,950
Total
$ 207,222 $
199,652
$ 319,926 $
325,429
$ 527,148 $
525,081
Major capital asset events during the current fiscal year included the following:
• Work was completed on the South Wastewater Plant Expansion in FY14. This project relocated the
North Wastewater Treatment Plant and consolidated operations into the South Wastewater Treatment
Plant through expansion of south plant facilities and demolition of the north plant facilities.
Demolition of the north plant was started in FY15 and was completed during FY16. Funding for the
project was provided by the State of Iowa through sales tax increment funding. Expenses of
$1,320,000 were incurred in FY16, with a total cost of $5,053,000.
• Work was completed for the West Side Levee Project, which includes the construction of an earthen
levee, riverbank stabilization, and interior drainage improvements. The construction in progress
balance at the beginning of the year was $4,939,000. Additional expenses of $404,000 were added in
FY 16. The total cost of the project that was capitalized was $5,338,000 and is funded primarily
through federal or state grants, with the remainder of funding from GO bonds.
• Work was completed for the Rocky Shore Lift Station/Flood Gates Project, which includes the
construction of a pump station near Rocky Shore Drive and flood gates on the CRANDIC railroad
bridge at Rocky Shore Drive to minimize future flooding of the Highway 6 corridor. The construction
in progress balance at the beginning of the year was $5,224,000. Additional expenses of $483,000
were added in FY16. The total cost of the project that was capitalized was $5,698,000 and is funded
primarily through federal or state grants, with the remainder of funding from GO bonds.
• Expenses for a variety of street and bridge construction were moved into construction in progress at
the end of FY16 for a total balance of $23,163,000. This construction in progress includes $8,482,000
for the Iowa City Gateway Project, which will reconstruct and elevate Dubuque Street and Park Road
Bridge to provide flood protection. This also includes construction in progress of $9,187,000 for the
1� Avenue/IAIS Railroad Crossing Improvements, which will lower 0 Avenue under the IAIS
Railroad including a railroad bridge, retaining wall and utilities.
Additional information on the City's capital assets can be found in Note 4 to the financial statements.
Debt Administration: At the end of the fiscal year, the City had total bonded debt outstanding of
$96,295,000. Of this amount, $55,350,000 comprises debt backed by the full faith and credit of the City.
However, $295,000 or .5% of the general obligation bonds is debt that serves enterprise funds and is abated
by their charges for services and $4,159,000 or 7.5% of these bonds is debt that will be paid with Tax
Increment Financing revenues. $40,945,000 represents revenue bonds secured solely by specific revenue
sources.
28
City of Iowa City's Outstanding Debt
General Obligation and Revenue Bonds
(amounts expressed in thousands)
Governmental Business -type
Activities Activities
2016 2015 2016 2015
General obligation bonds $ 55,055 $ 58.750 $ 295 $ 590
Revenue bonds 2,525 2.655 38,420 44.950
Total $ 57.580 $ 61.405 $ 38.715 $ 45.540
Total
2016 2015
$ 55.350 $ 59.340
40.945 47.605
$ 96295 $ 106.945
The City issued $9,405,000 General Obligation bonds during FY16 and during the current fiscal year the
City's total bonded debt decreased by $10,650,000 because of retirement of debt.
The City continues to have the same excellent bond rating on its General Obligation bonds that it has had
for the past several years. This rating is given to those bonds judged to be of the best quality and carrying
the smallest degree of investment risks. The City's bond ratings by Moody's Investors Services, Inc. as of
June 30, 2016 were as follows:
General obligation bonds
Wastewater treatment revenue bonds
Water revenue bonds
Aaa
Aa2
Aa2
The City continues to operate well under the State debt capacity debt limitations. State statute limits the
amount of debt outstanding to 5% of the assessed value of all taxable property in Iowa City. Debt subject to
the debt limit includes general obligation debt and revenue bonds issued pursuant to Iowa Code Chapter 403
(tax increment). The current debt limitation for the City is $247,528,000. With outstanding debt applicable
to this limit of $71,963,000 we are utilizing 29.1% of this limit.
More detailed information on debt administration is provided in Note 5 of the financial statements.
Economic Factors and Next Year's Budget and Rates
During the 2009 session, the Iowa State Legislature passed a law allowing cities to utilize franchise fee
tax as a revenue alternative to property tax. The Iowa City Council passed a local franchise fee tax of 1%
on natural gas and electricity that became effective April 1, 2010. This revenue is being utilized to
support additional public safety initiatives, including operating a fourth fire station. In FY16, the City
collected $874,000 in local franchise fee.
29
The City expects continued constraints by the State's property tax formula. The State passed property tax
reform, which will negatively affect the City's general operating funds. Without the potential for new
revenue sources, like those mentioned above, the City's opportunities for new initiatives are limited. The
Council has established a balanced budget in the General Fund for FY 17 that strives to maintain current
service delivery levels. The tax levy rate per $1,000 of assessed valuation for FY17 is provided below:
General Levy
$ 8.100
Debt Service Levy
3.829
Employee Benefits Levy
3.144
Transit Levy
0.950
Liability Insurance Levy
0.290
Library Levy
0.270
Total City Levy $ 16.583
Requests for Information
This report is designed to provide a general overview of the City of Iowa City's finances for all of those
with an interest in the government's finances. Questions concerning any of the information provided in
this report, or requests for additional financial information should be addressed to City of Iowa City,
Finance Department, 410 East Washington Street, Iowa City, IA, 52240.
30
31
CITY OF IOWA CITY, IOWA
STATEMENT OF NET POSITION
June 30, 2016
(amounts expressed in thousands)
Assets
Equity in pooled cash and investments
Receivables:
Property tax
Accounts and unbilled usage
Interest
Notes
Internal balances
Due from other governments
Prepaid item
Inventories
Assets held for resale
Restricted assets:
Equity in pooled cash and investments
Other post employment benefits asset
Capital assets:
Land and construction in progress
Other capital assets (net of accumulated depreciation)
Total assets
Deferred Outflows of Resources
Pension related deferred outflows
Liabilities
Accounts payable
Contracts payable
Accrued liabilities
Interest payable
Deposits
Advances from grantors
Due to other governments
Notes payable
Unearned revenue
Noncurrent liabilities:
Due within one year:
Employee vested benefits
Bonds payable
Due in more than one year:
Employee vested benefits
Net pension liability
Other post employment benefits obligation
Notes payable
Bonds payable
Landfill closure/post-closure liability
Total liabilities
Governmental Business -type
Activities Activities Total
$ 84,052 $
62,377 $
146,429
55,482
-
55,482
953
3,164
4,117
284
246
530
16,252
588
16,840
(13,688)
13,688
-
5,987
2,448
8,435
10
-
10
688
731
1,419
582
73
655
36,914
32,844
69,758
40
4
44
48,275
158,947
38,235
281,691
86,510
440,638
394,778
436,089
830,867
7,192 1,217 8,409
3,374
1,207
4,581
2,773
3,269
6,042
4,143
406
4,549
110
847
957
1,715
1,379
3,094
47
-
47
402
95
497
582
-
582
-
14
14
1,185
394
1,579
10,384
5,615
15,999
947
286
1,233
30,539
7,418
37,957
3,227
1,099
4,326
211
-
211
48,105
34,632
82,737
-
8,268
8,268
$ 107,744 $
64,929
$ 172,673
32
(continued)
CITY OF IOWA CITY, IOWA
STATEMENT OF NET POSITION (continued)
Deferred inflows of resources
Pension related deferred inflows
Succeeding year property taxes
Notes
Grants
Total deferred inflows of resources
Net position
Net investment in capital assets
Restricted for or by:
Employee benefits
Capital projects
Debt service
Police
Other purposes
Bond ordinance
State statute
Future improvements
Grant agreement
Unrestricted
Total net position
June 30, 2016
(amounts expressed in thousands)
Governmental Business -type
Activities Activities Total
$ 3,740 $ 957 $ 4,697
55,330 - 55,330
11,226 - 11,226
12 - 12
70,308 957 71,265
163,362 279,679 443,041
1,671
-
1,671
31,456
-
31,456
6,463
-
6,463
458
-
458
1,657
-
1,657
-
12,739
12,739
-
6,109
6,109
-
486
486
449
2,935
3,384
18,402
69,472
87,874
$ 223.918 $ 371.420 $ 595.338
The notes to the financial statements are an integral part of this statement.
33
Functions/Programs:
Expenses
Governmental activities:
Public safety
$ 22,029
Public works
10,839
Culture and recreation
14,422
Community and economic development
6,786
General government
6,240
Interest on long-term debt
1,287
Total governmental activities
61,603
CITY OF IOWA CITY, IOWA
STATEMENT OF ACTIVITIES
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Program Revenues
Operating Capital
Charges Grants and Grants and
for Services Contributions Contributions
$ 4,813 $ 277 $ 970
628 8,366 2,843
823 25 39
1,044 1,273 147
1,252 - -
8,560 9,941 3,999
Business -type activities:
Wastewater treatment
11,866
12,266
-
3,415
Water
8,149
9,134
-
254
Sanitation
8,735
9,215
3
-
Housing authority
8,378
300
8,318
-
Parking
4,460
5,438
-
-
Airport
1,597
333
128
260
Stormwater
1,989
1,168
95
370
Transit
7,486
2,099
2,095
308
Total business -type activities
52,660
39,953
10,639
4,607
Total
$ 114,263 $
48,513 $
20,580 $
8,606
General revenues:
Property taxes, levied for general purposes
Hotel/motel tax
Gas and electric tax
Utility franchise tax
Grants and contributions not restricted to specific purposes
Earnings on investments
Gain on disposal of capital assets
Miscellaneous
Transfers
Reassignment of Cable Television to governmental activities
Total general revenues and transfers
Changes in net position
Net position beginning of year
Net position end of year
The notes to the financial statements are an integral part of this statement.
34
Net (Expense) Revenue and
Changes in Net Position
Governmental
Business -type
53,114
Activities
Activities
Total
$ (15,969)
$ -
$ (15,969)
998
-
998
(13,535)
-
(13,535)
(4,322)
-
(4,322)
(4,988)
-
(4,988)
(1,287)
-
(1,287)
(39,103)
-
(39,103)
-
3,815
3,815
-
1,239
1,239
-
483
483
-
240
240
-
978
978
-
(876)
(876)
-
(356)
(356)
-
(2,984)
(2,984)
-
2,539
2,539
(39,103)
2,539
(36,564)
53,114
-
53,114
1,079
-
1,079
764
-
764
874
-
874
2,080
-
2,080
1,045
715
1,760
218
2,463
2,681
4,464
362
4,826
(6,395)
6,395
-
82
(82)
-
57,325
9,853
67,178
18,222
12,392
30,614
205,696
359,028
564,724
$ 223,918 $
371,420 $
595,338
35
CITY OF IOWA CITY, IOWA
BALANCE SHEET
GOVERNMENTAL FUNDS
June 30, 2016
(amounts expressed in thousmds)
The notes to the financial statements are on msegra/gmi of this statement
36
C PBal
Special Revenae
Projects
Bridge
Community
Other
Street, and
Development
Shand
Traffic
Other
Employee
Block
Revenue and
Control
Debt
Governmental
General
Benefits
Grant
Grants
Constndim
Service
Foods
Total
Assess
Equity in pooled cash and investments
$ 30,214
$ 1,697
$ 552
$ 5,590
$ 8,535 $
5,955
$
2,226 $
54,769
Receivables:
Property ne,
31,825
10,410
-
-
-
12,955
292
55,482
Accounts and unbilled usage
449
-
-
4
150
-
206
809
interest
163
-
-
-
19
10
19
211
Notes
1,305
-
14,512
-
-
435
-
16,252
Advances to other funds
-
-
18
-
-
138
-
156
Due from other governments
1,758
302
31
648
2,051
-
1,154
5,944
Inventories
-
-
-
217
-
-
-
217
Prepaiditem
10
-
-
-
-
-
-
10
Assets held for resale
582
-
-
-
-
-
-
582
Resin eted assets:
Egmty in pooled cash and investmeaC
21.277
1,011
7.87'
6.751
36,914
Total assets
$ 87.583
$ 12,409
$ 15,113
$ 7.470
$ 18.630 $
19.493
$
10.648 $
171,346
Liabilities, Deferred Inflows of Resources and
Fund Balances
Liabilities:
Accounts payable
$ 1,376
$ 53
$ 127
S 118
S 504 $
-
$
165 $
2,343
Contacts payable
-
-
-
-
2,543
-
230
2,773
Accrued liabilities
1,141
1
7
71
12
-
14
1,246
Advances from other funds
-
-
-
138
-
-
-
138
Due to other governments
29
-
-
6
367
-
-
402
Notes payable
582
-
-
-
-
-
-
582
Liabifid es payable from restricted assets
Deposits
1,710
-
-
5
-
-
-
1,715
Advances from grantors
47
47
Total habifities
4,838
54
134
338
3,426
456
9,246
Deferred inflows of resoames
Unavailable revenues:
Succeeding year property taxes
31,739
10,382
-
-
-
12,920
289
55,330
Notes
1,305
-
14,530
-
-
-
-
15,835
Grants
15
-
-
16
1,673
-
524
2,228
Other
1,434
302
4
360
89
2,189
Total deferred inflows ofresources
34,493
10,684
14,530
20
2,033
12,920
902
75,582
Food balances:
Nonspendable
69
-
-
-
-
-
-
69
Restricted
18,975
1,671
449
7,112
13,171
6,573
9,290
57,241
Committed
4,699
-
-
-
-
-
-
4,699
Assigned
1,143
-
-
-
-
-
-
1,143
Unassigned
23,366
23,366
Total fund balances
48.252
1.671
449
7,112
13.171
6.573
9,290
86,518
Total habifid es. deferred inflows
ofresouraw and food balances
$ 87.583
$ 12.409
$ 15,113
$ 7.470
$ 18.630 $
19.493
$
10.648 $
171.346
The notes to the financial statements are on msegra/gmi of this statement
36
CITY OF IOWA CITY
RECONCILIATION OF THE BALANCE SHEET OF THE
GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
June 30, 2016
(amounts expressed in thousands)
Total governmental fund balances $ 86,518
Amounts reported for governmental activities in the statement
of net position are different because:
Internal service funds are used by management to charge the costs
of certain activities to individual funds. The assets and liabilities
of the internal service funds are included in governmental
activities in the statement of net position.
Other long-term assets are not available to pay for current period
expenditures and therefore are unavailable in the funds:
Notes, grants and other receivables - Earned but unavailable.
Capital assets used in governmental activities are not current
financial resources and therefore are not reported in the funds.
Pension related deferred outflows of resources and deferred
inflows of resources are not due and payable in the current
period and therefore are not reported in the funds.
Deferred outflows of resources
Deferred inflows of resources
Net pension liabilities are not due and payable in the
current period and therefore are not reported in the funds.
Accrued compensated absences are not due and payable in the
current period and therefore are not reported in the funds.
Accrued post employment benefit obligations are not due and
payable in the current period and therefore are not reported
in the funds.
Bonds payable are not due and payable in the current period
and therefore are not reported in the funds.
Notes payable are not due and payable in the current period
and therefore are not reported in the funds.
Accrued interest on bonds
Internal balance due to integration of internal service funds
Total net position of governmental activities
The notes to the financial statements are an integral part of this statement
37
35,464
9,014
196,596
$ 6,997
(3,596) 3,401
(29,391)
(2,029)
(3,139)
(58,489)
(211)
(110)
(13,706)
$ 223,918
CITY OF IOWA CITY. IOWA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FOND BALANCES
GOVERNMENTAL FUNDS
Revenues
Taxes
Licenses and pernuts
Intergovernmental
Charges for services
Fines and forfeits
Use of money and property
Miscellaneous
Total revenues
Eapeuditures
Current
Public safety
Pubficworks
Culture and recreation
Community and economic development
Generelgovemment
Debt service:
Principal
Interest
Capital outlay
Total expenditures
Excess (deficiency) ofrevenues over
(under) expenditures
Other Financing Sources (Uses)
Issuance of debt
Sale of capital assets
Premiums on issuance of bonds
Tiaansfersin
Transfers out
Total other financing sources and (uses)
Net change in fund balances
Fuud Balauces,Begm.mg
Fuud Balauces,Ending
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Capital
Sped at Revenue Projects
Bridge.
Community Other Sheet, and
Development Shared Traffic Other
13,230 - 13,230
- - - - - 1,475 - 1,475
1.651 662 10,219 2,316 14,848
44289 1,055 1,407 5,913 12,475 14,753 4,438 84,330
(692)
Employee
Block
Revenue and
Control
Debt
Govemmantal
2,763
General
Benefits
Omnt
Grants
Construction
Service
Funds
Total
$ 32,229
$ 9,805
$ -
$ -
$ -
$ 12,505
$ 1,292 $
55,831
3,056
-
-
-
-
-
-
3,056
3,830
383
789
8,750
2,589
484
3,405
20,230
1,543
327
-
1,043
49
-
395
3,357
760
-
-
-
-
-
-
760
749
-
23
72
24
46
32
946
1,430
2
792
46
32
233
378
2,913
43,597
10.517
1,604
9.911
2.694
13,268
5,502
87,093
20,967
677
-
-
-
-
57
21,701
1,312
-
-
5,166
2,256
-
732
9,466
12,038
-
-
-
-
-
219
12,257
2,842
-
1,407
85
-
-
1,012
5,346
5,479
378
-
-
-
48
102
6,007
13,230 - 13,230
- - - - - 1,475 - 1,475
1.651 662 10,219 2,316 14,848
44289 1,055 1,407 5,913 12,475 14,753 4,438 84,330
(692)
9,462
197
3,998
(9,781)
(1,485)
1,064
2,763
-
-
-
-
6,310
41
3,054
9,405
252
-
-
-
-
-
-
252
-
-
-
-
296
2
143
441
10,692
-
-
615
10,576
963
2,287
25,133
(11,129)
(9,384)
(25)
(3,168)
(2,745)
(2,051)
(28,502)
(185)
(9,384)
(25)
(2,553)
14,437
1,006
3,433
6,729
(877)
78
172
1.445
4.656
(479)
4,497
9,492
49,129
1,593
277
4,66"
8'L"
7.052
4,793
77,026
$ 48252
$ 1.611
$ 449
$ -AII
$ 131-1
$ 6.573
$ 9,290
$ 86,518
The notes to the femncial statemerds are am integral part of this statement
38
CITY OF IOWA CITY
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Net change in fund balances - total governmental funds
Amounts reported for governmental activities in the statement of activities
are different because:
Governmental funds report capital outlays as expenditures while governmental
activities report depreciation expense to allocate those expenditures over the
life of the asset. Capital outlays and contributed capital assets exceeded
depreciation expense in the current year as follows:
Expenditures for capital assets
Transfers of capital assets (to)\from enterprise funds - net
Reassignment of capital assets to governmental activities
Capital assets contributed
Depreciation expense
Bond proceeds are reported as other financing sources in governmental funds
and thus contribute to the change in fund balance. In the statement of net
position, however, issuing debt increases long-term liabilities and does not affect
the statement of activities. Similarly, repayment of principal is an expenditure in
the governmental funds but reduces the liability in the statement of net position.
Debt issued
Premium on bonds issued
Repayments of debt
Amortization of premium
Because some revenues will not be collected for several months after the
City's year end, they are not considered available revenues in the governmental funds.
Some expenses reported in the statement of activities do not require the
use of current financial resources and therefore are not reported as
expenditures in governmental funds:
Change in accrued compensated absences
Pension expense
Change in accrued post employment benefit obligations
Change in accrued interest on debt
In the statement of activities, only the gain on the sale of the capital assets is
recognized, whereas in the governmental funds, the proceeds from the sale
increased financial resources. Thus, the change in net position differs from the
change in fund balance by the cost of the capital asset sold.
Internal service funds are used by management to charge the costs
of certain activities to individual funds. The net revenue of certain activities of
internal service funds is reported with governmental activities.
Change in net position of governmental activities
The notes to the financial statements are an integral part of this statement.
39
$ 14,929
(3,169)
390
553
(6,434)
(9,405)
(441)
13,230
167
9,492
6,269
3,551
(2,419)
(53)
1,433
(285)
21
(355)
568
$ 18.222
CITY OF IOWA CITY, IOWA
STATEMENT OF NET POSITION
June 30, 2016
(amo ads expressed in thousands)
Net Pasid.
Net investment in capital assets 13,149 108,785 55,418 11,306 45,869 1,737 15,420 27,995 279,679 10,626
Restricted by bond ordinance - 8,891 3,848 - - - - - 12,739 -
Restrietedbystar, staNte _ _ _ 6,109 _ _ _ _ 6,109 _
Restricted for future improvements 386 - - - - - - 100 486 -
Restrietedbygrant agreement - - - - - 2,935 - - 2,935 -
Umestrieted 7,696 17,376 7,897 13,982 1,317 3,477 3,573 448 55,766 24,838
Total vet position $21,231 $ 135.052 $ 67.163 $ 31,397 $47,186 $ 8,149 $18993 $28,543 $ 357,714 $ 35.464
Adjustment to resect do, consolidation of internal service food activities
related to enterprise foods. 13,706
Net position ofbusiness-type activities $ 371,420
The uou s to rhe fi mneml sraremmrs a.e an mreg al pa ofrhis sraremenr.
40
Gov ental
Business
-type Activities-Enterprisc
Foods
Activities -
Other
Internal
Wastewater
Housing
Enterprise
Service
Parking
Treatment
Water
Sanitation
Storrosu r
Authority
Transit
Foods
Total
Foods
Assets
Current assets:
Equity in pooled cash and investments
$10944
$ 18,210
$ 8,481
$ 13,326
$ 1,287
$ 3,465
$ 6,178
$ 486
$ 62,377
29,283
Receivables:
Accounts and unbilled usage
10
1,454
919
613
129
2
10
27
3,164
144
Interest
26
81
33
36
4
54
12
-
246
73
Notes
-
-
-
-
-
588
-
-
588
-
Advances tootherfunds
-
-
-
2,130
-
-
-
-
2,130
-
Din, fromothergovvrunents
-
2,036
1
16
167
10
51
167
2,448
43
Inventories
-
-
451
-
-
-
280
-
731
471
Assets held for resale
73
73
Total current assets
10,980
21,781
9.885
16.121
1,587
4,192
6,531
680
71.757
30,014
Noncurrent assets:
Restricted assets:
Equity in pooled cash and investments
387
9,460
5,026
14,401
-
3,408
51
111
32,844
-
Otherpost employmentbeuefitsassct
-
-
-
-
-
-
-
4
4
40
Capital assets:
Land
3,746
5,612
6,296
2,264
2,264
620
2,630
12,158
35,590
45
Buildings
26,249
36,858
24,019
5,467
-
5,350
15,399
5,145
118,487
1,541
Improvements other than buildings
328
7,119
2,511
421
-
9
-
396
10,784
50
Macdunery and equipment
1,459
7,392
10,783
424
259
116
10,381
281
31,095
20,937
Infrastructure
-
148,382
60,602
16,078
54,578
-
955
17,523
298,118
2,416
Accumulated depreciation
(18,633)
(71,529)
(34,396)
(13,474)
(12,733)
(4,358)
(13945)
(7,725)
(176,793)
(14,579)
Construction in progress
52
749
126
1,501
217
2,645
216
Total noncurrent assets
13,536
143,346
75,590
25,707
45,869
5,145
15,471
28,110
352,774
10,666
Total assets
24,516
165,127
85,475
41,828
47.456
9,337
22,002
28,790
424,531
40.680
Deferred OuHlmrs ofResaurces
Pmsion related dcfmtd outflows
$ 137
$ 195
$ 223
$ 218
$ 18
$ 80
$ 339
$ 7
$ 1,217
$ 195
Liabilities
Cuunraliabilities:
Accountspayablc
$ 85
$ 166
$ 16
$ 285
169
$ 21
$ 460
$ 5
$ 1,207
$ 1,031
Contractspayablc
27
2,713
249
91
-
-
-
189
3,269
-
Accrucdliabilities
42
62
70
70
8
25
127
2
406
2,897
Employee vested benefits
35
58
72
78
2
31
116
2
394
57
Due to other govwrunents
-
-
18
3
-
30
44
-
95
-
Uneamcdrevenae
_
_
_
_
14
_
_
_
14
_
Interestpayable
-
568
279
-
-
-
-
-
847
-
Bondcd debt payable (vet ofooamordzed
premium and discounts)
3,820
1,795
5.615
Total current liabilities
189
7.387
2,499
527
193
107
747
198
11.847
3,985
Noneurrentliabilities:
Liabilities payable from restricted assets:
Deposits
2
-
880
8
-
473
6
10
1,379
-
Advanees from other foods
2,130
-
-
-
-
18
-
-
2,148
-
Employcevestedbenefits
25
41
55
58
1
23
82
1
286
46
Bondcd debt payable (vet ofunamortized
premium and discounts)
-
21,281
13,351
-
-
-
-
-
34,632
-
Netpensionliability
820
1,223
1,385
1,372
85
507
1,986
40
7,418
1,148
Other post employment benefits obligation
148
169
187
239
-
68
288
-
1,099
88
Landfill closure/postclosure liability
8,268
8,268
Total noncurrent liabilities
3,125
22,714
15,858
9,945
86
1,089
2,362
51
55,230
1,282
Total liabilities
3,314
30,101
18,357
10,472
279
1,196
3,109
249
67,077
5,267
Deferred InBmrs ofResaurces
Pursion related dcfmcd inflows
108
169
178
177
9
72
239
5
957
144
Net Pasid.
Net investment in capital assets 13,149 108,785 55,418 11,306 45,869 1,737 15,420 27,995 279,679 10,626
Restricted by bond ordinance - 8,891 3,848 - - - - - 12,739 -
Restrietedbystar, staNte _ _ _ 6,109 _ _ _ _ 6,109 _
Restricted for future improvements 386 - - - - - - 100 486 -
Restrietedbygrant agreement - - - - - 2,935 - - 2,935 -
Umestrieted 7,696 17,376 7,897 13,982 1,317 3,477 3,573 448 55,766 24,838
Total vet position $21,231 $ 135.052 $ 67.163 $ 31,397 $47,186 $ 8,149 $18993 $28,543 $ 357,714 $ 35.464
Adjustment to resect do, consolidation of internal service food activities
related to enterprise foods. 13,706
Net position ofbusiness-type activities $ 371,420
The uou s to rhe fi mneml sraremmrs a.e an mreg al pa ofrhis sraremenr.
40
c«�rcaawvc«.rwwv�
STATEMENT OF R ENUES, EXPENSES AND CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
For the Year Ended June 30.2016
(amounts expressed in thousands)
Govenmental
Business -type Activities - Enterprise Funds Activifies -
Other Internal
Wastewater Housing Entered se Service
Parking Treatment Water Studied. Stornhwater Authority Transit Funds Total Funds
Operating Revenue:
Charges for services $ 5,438 $ 12,266 $ 9,134 $ 9,215 $ 1,168 $ 300 $ 2,099 $ 333 $ 39,953 $ 16,762
Miscellaneous 40 94 17 62 87 59 3 362
Total operating revenues 5,478 12,360 9,151 9,277 1,168 387 2.158 336 40,315 16,762
Operating Expense:
Personal servi ces
Commodities
Services and charges
Depredation
Total operating expenses
Operating income dLoss)
Nonoperating Reveuue(Expensesp
Gain (Loss) on di spwsal of capital assets
Operating grants
Interest income
Interest expense
Total nonopemting revenues (expenses)
Income (Loss) befom capital contributions
1,781
2,808
3,115
2,733
305
864
3,763
72
15,441
2,106
578
1,421
578
160
378
9
691
171
3,986
1,617
1,304
2,284
1,694
4,874
192
7,373
1,985
393
20,099
10,529
3,663
6,513
5,387
7,767
875
8,246
6,439
636
39,526
14,252
808
4,484
2,295
1,387
1,113
122
1,030
975
12,214
1,714
4,471
10,997
7,682
9,154
1,988
8,368
7,469
1,611
51,740
15,966
1,007
1,363
1,469
123
820
7,981
5,311
1,275
(11,425)
796
2,450 - 8 (229) - 2 3 - 2,234 294
- - - 3 95 8,318 2,095 128 10,639 -
37 321 172 123 6 32 19 5 715 99
- (927) (528) - - - - - (1,455) -
$ 2.487 $ (606) $ 348 $ 103 $ 101 $ 8,352 $ 2,117 $ 133 $ 12,133 $ 393
andtransfers
3,494
757
1,121
20
(719)
371
(3,194)
(1,142)
708
Capital contributions
-
3,839
674
-
2,695
-
308
260
7,776
Transfersin
-
195
985
24
2,191
-
3,108
152
6,655
Transfers out
-
(522)
(720)
(334)
(572)
(45)
-
(1,571)
(3,764)
Reassignment of Cable Television to
governmental activide
-
-
-
-
-
-
-
82
(82)
Cbmgein netposition
3,494
4,269
2,060
(290)
3,595
326
222
(2,383)
11,293
Net Position,Beginning
17,737
130,783
65,103
31,687
43,591
7,823
18,771
30,926
Net Position, Ending
$21231
$135.052
$67.163
$31.397
$47.186
$8.149
$18993
$28.543
Adjustment to reflect the coasdidation of internal senice fond acuvibes
related to enterprise funds 1,099
Cb ange in net position album nese-type adivifies $ 12,392
The rotes to the finmhcial statements are an intep'al part of this statement.
41
1,189
528
(50)
1.667
33'97
$ 35.464
Cash Flims From Caphal and Related Finan dog
Adwfi s
Capftalgravt,rec OJ
-
CITY OFIOWA CITY, IOWA
- - -
- 308
907
3,265
-
Acquisitionandconstructionofpr,y and
9,668
276
STATEAH7s'1 OF CASH FLOWS
4,624
26,504
13,634
25,876
equipment
(6)
(1,545)
(1,813) (554) (2,233)
PROPRIETARY FL1T1S
(122)
(6,674)
(3;372)
Pr.c sfiom sale Aff,er
5,503
-
8 - -
2 4
ForfeYearEnde Joue30,2016
5,517
296
Principal paid On bender] debt
-
(3,708)
(1,806) - -
- -
-
(mmwnts e*Pr div thousavdsJ
-
Interest paidovbmdxldebt
-
(1380)
(542 - -
- -
-
(1,922)Net
rush flows h® (user] for) mpital and mhted
Gove mmenhl
Rae ablest
Busweis-Npe Ac[esdies-Enda
riseFuvd,
(4,583)
(4,153) (554) (2,233)
2 (89)
Activifies-
(5328)
(3,076)
Cash Floes From Investlag Aothmes
Accouu6 and unbiperl usage
(7)
Other
26
Interval
(1)
Interest oni effiuen6
Wastewater
308
Housing
33 19
Erde rise
710
Sice
ery
5
Ihrkmg
Trntnama Water Sanitation Stmmwater
AuNnity
Transit
Fonds
Total
Foods
Cash Floes From Openthrg Activites
-
-
(94)
-
-
-
(7)
-
Remptsh®oust®ersand users
$ 5,192
$ 12,318 $9,309 $ 9,329 $
1,181
$ 478
$ 1,884
$ 338
$40,029
$ 16,964
laavmem tosuppl�
(LTN)
(3,719) (2,571) (4,178)
(642)
(7,456)
(2,404)
(574)
(23,498)
(11,575)
laavmem toemplovees
(1,831)
(2,849) (3,] (2,812)
(307)
(88])
(3,812)
(74)
(15,733)
(2,428)
Nelcash flows h® (user] for) a em mg activities
1,407
5,750 3,571 2,339
232
(7,859)
(4332)
(310)
798
2,761
Cash Floes From Nonnp Tal Financing Acfiviles
(13)
6
1
3
(4)
7
(1)
(24)
(lmmsreceesxl
-
18 - -
165
8,332
2,095
317
10,927
-
Tvvsfersfi®other foods
-
195 985 24
2,191
-
3,108
152
6,655
528
Tmvsfas to other foods
-
(522) (720) (334)
(572)
(45)
-
(1,526)
(3,719)
(50)
Repaym®tl(pavnsat) ofnots receivable
-
- - -
-
87
-
-
87
-
Repavmentofadvaveesh®older foods
(221)
- - -
-
-
(30)
(462)
(713)
-
Repaymentofa&.a es to otherfiords251
-
- -
-
-
-
-
251
-
Not cash flows h® (user] for) vcumpital finandng
1
Deferterl inflows ofr,.e
(168)
(245)
(288)
(284)
(19)
000)
activifies
(221)
(309) 265 (59)
1,784
8,374
5,173
(1,519)
13,488
478
Cash Flims From Caphal and Related Finan dog
Adwfi s
Capftalgravt,rec OJ
-
2,050
- - -
- 308
907
3,265
-
Acquisitionandconstructionofpr,y and
9,668
276
Cash and Cash Equivakots, Regunn im
4,624
26,504
13,634
25,876
equipment
(6)
(1,545)
(1,813) (554) (2,233)
- (401)
(122)
(6,674)
(3;372)
Pr.c sfiom sale Aff,er
5,503
-
8 - -
2 4
-
5,517
296
Principal paid On bender] debt
-
(3,708)
(1,806) - -
- -
-
(5,514)
-
Interest paidovbmdxldebt
-
(1380)
(542 - -
- -
-
(1,922)Net
rush flows h® (user] for) mpital and mhted
Rae ablest
fhoochgadivitvs
5,497
(4,583)
(4,153) (554) (2,233)
2 (89)
785
(5328)
(3,076)
Cash Floes From Investlag Aothmes
Accouu6 and unbiperl usage
(7)
(41)
26
W
(1)
Interest oni effiuen6
24
308
190 125 6
33 19
5
710
113
Net iv¢nse(da ease) in cash and cash Wvalems
6,707
1,166
(127)
1,851
(211)
550
771
(1,039)
9,668
276
Cash and Cash Equivakots, Regunn im
4,624
26,504
13,634
25,876
1,498
6,323
5,458
1,636
85,553
29,007
Cash and Cash Equivaknts, Eo ding
$11331 $
27,670
$1� $
27,727 $
1287 $
6,873 $
6,229 $
597
$95221 $
29283
Reconciliation of operating income (lass)
to n cash floes from op Seting activitis
Operafmginc®e(I.)
$ 1,007 $
1,363
$ 1,469 $
123 $
(820) $
(7,98]) $
(5311)
$ (1,275)
$(11,425) $
7%
Adjustments to mcondle eperatmg income
(less) to et cash flows l®(m d for)opevtia, actmfis_
Depredation eapevse
$08
4,484
2,25
1,387
1,113
122
1,030
975
12,214
1,714
Changs in
Rae ablest
Accouu6 and unbiperl usage
(7)
(41)
26
W
(1)
(1)
(1)
1
36
(45)
Duel®othm governments
-
(1)
5
(9)
-
-
3
-
(2)
47
Iv euro es
-
-
(94)
-
-
-
(7)
-
(101)
37
Assets hell for resale
-
-
-
-
-
(73)
-
-
(73)
-
A.md payable
(72)
(14)
(188)
161
(72)
(10)
271
(10)
66
534
Acerved liabilities
-
8
9
(1)
3
4
22
-
45
(260)
Rmpmveevesterl benefits
(23)
(13)
6
1
3
(4)
7
(1)
(24)
3
Duetoothergovemmen6
-
-
(17)
-
-
9
8
-
-
-
Uneame rsenue
(280)
-
-
-
14
(11)
(276)
-
(553)
Deposits
1
-
127
1
-
103
-
1
233
-
Net pmsimhabilh
125
181
213
210
14
74
315
6
1,138
180
Deferterl euttlows ofrscurces
1
7
12
14
(3)
3
5
-
39
1
Deferterl inflows ofr,.e
(168)
(245)
(288)
(284)
(19)
000)
(425)
(8)
(1,537)
(241)
Older xst employmem bmefitsassWoblgat6n
15
21
(4)
(19)
-
6
27
1
47
(5)
Landfill clevmipestdesme liability
695
695
TcdaIadj.shm,ms
400
4,387
X102
X216
1,052
122
979
965
12,223
],965
Net cash flows fiom(u dfor)op mthig activities
$ 1,407 $
5,750
$$ 3,541 $
2,339 $
232 $
(7,859) $
(4332)
$ (310)
$ 798 $
2,761
Fonnsh lovestia , Caphal, and
Fina ®gAdiwhies.
Conllbufiens ofcapital assets l®
gove mmem and others
$ - $
643
$ 674 $
- $
2,695 $
- $
-
$ -
$ 4,012 $
-
The cores roehef iai sfeon. ee miiHegraipar ofrinssrmemeH.
42
CITY OF IOWA CITY
STATEMENT OF FIDUCIARY
ASSETS AND LIABILITIES
June 30, 2016
(amounts expressed in thousands)
Agency
Funds
Assets
Equity in pooled cash and investments $ 175
Total assets $ 175
Liabilities
Accounts payable $ 10
Due to agency 165
Total liabilities $ 175
The notes to the financial statements are an integral part of this statement.
43
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS
June 30, 2016
1. Accounting Policies
The City of Iowa City, Iowa, (the City) was incorporated April 6, 1853, and operates under the
Council/Manager form of government. The City provides a broad range of services to its citizens
including general government, public safety, streets, parks, and cultural facilities. It also operates an
airport, a mass transportation system, parking facilities, water treatment, wastewater treatment, storm
water collection, sanitation collection and disposal (including landfill operations), cable television, and a
housing authority.
The financial statements of the City have been prepared in conformity with accounting principles
generally accepted in the United States of America (GAAP) as applied to governmental units. The
Governmental Accounfing Standards Board (GASB) is the accepted standard-setfing body for
establishing governmental accounting and financial reporting principles. The more significant accounting
policies of the City are described below.
The Reporting Entity
For financial reporting purposes, the City includes all of its funds, organizations, agencies, boards,
commissions, and authorities. The City has also considered all potential component units for which it is
financially accountable, and other organizations for which the nature and significance of their relationship
with the City are such that exclusion would cause the City's financial statements to be misleading or
incomplete. The Governmental Accounting Standards Board has set forth criteria to be considered in
determining financial accountability. These criteria include appointing a voting majority of an
organization's governing body, and (1) the ability of the City to impose its will on that organization or (2)
the potential for the organization to provide specific benefits to, or impose specific financial burdens on
the City. There were no component units required to be included.
Government -Wide and Fund Financial Statements
The government -wide financial statements (i.e., the Statement of Net Position and the Statement of
Activities) report information on all of the non -fiduciary activities of the primary government.
Governmental activities, which normally are supported by taxes and intergovernmental revenues, are
reported separately from business -type activities, which rely to a significant extent on fees and charges for
support.
The Statement of Activities demonstrates the degree to which the direct expenses of a given function or
segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a
specific function or segment. Program revenues include 1) charges to customers or applicants who
purchase, use, or directly benefit from goods, services, or privileges provided by a given function or
segment and 2) grants and contributions that are restricted to meeting the operational or capital
requirements of a particular function or segment. Taxes and other items not properly included among
program revenues are reported as general revenues.
As a general rule, the effect of inter -fund activity has been eliminated from the government -wide financial
statements. Exceptions to this general rule are charges between the City's water and sewer function and
various other functions of the government. Eliminations of these charges would distort the direct costs
and program revenues reported for the various functions concerned.
44
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Separate financial statements are provided for governmental funds and proprietary funds. Major
individual governmental funds and major individual enterprise funds are reported as separate columns in
the fund financial statements.
Description of Funds
These financial statements include all funds owned or administered by the City or for which the City acts
as custodian.
The accounts of the City are organized on the basis of funds, each of which is considered to be a separate
accounting entity. The fund categories are governmental, proprietary, and fiduciary. Each fund is
accounted for by providing a separate set of self -balancing accounts that comprise its assets, deferred
outflows of resources, liabilities, deferred inflows of resources, net position, revenues, and expenditures
or expenses, as appropriate. The individual funds account for the governmental resources allocated to
them for the purpose of carrying on specific activities in accordance with laws, regulations, or other
restrictions.
Basis of Accounting
The accounting and financial reporting treatment applied to a fund is determined by its "measurement
focus." The government -wide financial statements and proprietary funds are accounted for on the flow of
economic resources measurement focus and use the accrual basis of accounting. Agency funds do not
have a measurement focus and use the accrual basis of accounting. Under the accrual method, revenues
are recorded when earned and expenses are recorded at the time liabilities are incurred.
All governmental funds are accounted for using a current financial resources measurement focus, which
generally includes only current assets and current liabilities on the balance sheet. The modified accrual
basis of accounting is used for these funds. Under the modified accrual basis, revenue is recognized when
susceptible to accrual, which is in the period in which it becomes both available (collectible within the
current period or soon thereafter to be used to pay liabilities of the current period) and measurable (the
amount of the transaction can be determined). Revenue accrued includes property taxes,
intergovernmental revenue, and interest earned on investments (if they are collected within 60 days after
the year-end). Expenditures are recorded when the related fund liability is incurred. Principal and interest
on long-term debt, as well as expenditures related to compensated absences and claims and judgments,
are recorded only when payment is due.
The City reports the following major governmental funds
The General Fund is the City's primary operating fund. It accounts for all financial resources of
the general government, except those required to be accounted for in another fund.
The Employee Benefits Fund is used to account for the employee benefits related to those
employees who are paid through governmental fund types, which are funded by a separate
property tax levy.
The Community Development Block Grant Fund accounts for revenue from the U.S. Department
of Housing and Urban Development's Community Development Block Grant programs.
45
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
The Other Shared Revenue and Grants Fund accounts for revenue from various sources, primarily
road use tax monies from the State of Iowa and reimbursable programs funded by federal and state
grants.
The Bridge, Street, and Traffic Control Construction Fund accounts for the construction or
replacement of infrastructure fixed assets, such as streets, bridges, dams, sidewalks, and lighting
systems.
The Debt Service Fund accounts for the accumulation of resources for the payment of general
long-term debt principal, interest, and related costs.
The City reports the following major proprietary funds:
The Parking Fund is used to account for the operation and maintenance of the "on" and "off'
street public parking facilities.
The Wastewater Treatment Fund is used to account for the operation and maintenance of the
wastewater treatment facility and sanitary sewer system.
The Water Fund is used to account for the operation and maintenance of the water system.
The Sanitation Fund is used to account for the operation and maintenance of the solid waste
collection system and landfill.
The Stormwater Fund is used to account for the operation and maintenance of the stormwater
utility system.
The Housing Authority Fund is used to account for the operations and activities of the City's low
and moderate income housing assistance and public housing programs.
The Transit Fund is used to account for the operation and maintenance of the public
transportation system.
Additionally, the City reports internal service funds to account for goods and services provided by one
department to other City departments on a cost reimbursement basis. The funds in this category are the
Equipment Maintenance Fund, Central Services Fund, Loss Reserve Fund, and the Information
Technology Fund.
The City also reports fiduciary funds which are used to account for resources held for the benefit of
parties outside the government. Fiduciary funds are not reflected in the government -wide financial
statements because the resources of those funds are not available to support the City's own programs. The
accounting used for fiduciary funds is much like that used for proprietary funds. The City has one
fiduciary fund which is maintained as an agency fund, with no attempt to create an ongoing fund balance.
The fund in this category is Project Green, which accounts for donations that are received to plant and
develop yards and lawns, both public and private, within Iowa City.
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Proprietary funds disfinguish operating revenues and expenses from non-operating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operafing revenues of
the City's enterprise funds and of the City's internal service funds are charges to customers for sales and
services. Operating expenses for enterprise funds and internal service funds include the cost of sales and
services, administrative expenses, and depreciation on capital assets. All revenues and expenses not
meefing this definition are reported as non-operafing revenues and expenses.
When both restricted and unrestricted resources are available for use, it is the government's policy to use
restricted resources first, then unrestricted resources as they are needed.
Uses of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the
United States of America requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenue, expenditures and expenses, as appropriate,
during the reporting period. Actual results could differ from these estimates. Material estimates that are
particularly susceptible to significant change in the near-term relate to the determination of other post
employment benefit obligation, net pension liability, landfill closure and post -closure care costs, total
capacity of the landfill at closure, and calculation of the costs of claims incurred, but not reported.
Cash and Investments
The City maintains one primary demand deposit account through which the majority of its cash resources
are processed. Substantially all investment activity is carried on by the City in an investment pool, except
for those funds required to maintain their investments separately. The earnings on the pooled investments
are allocated to the funds on a systematic basis. All investments are stated at fair value except for the
Iowa Public Agency Investment Trust (IPAIT) which is valued at amortized cost pursuant to Rule 2a-7
under the Investment Company Act of 1940.
For the purpose of the Statement of Cash Flows, restricted and non -restricted investments with a maturity
of three months or less when purchased are considered cash equivalents.
Receivables and Revenue Recognition
Property tax receivable is recognized in governmental funds on the levy or lien date, which is the date that
the tax asking is certified by the City to the County Board of Supervisors. Current year delinquent
property tax receivable represents unpaid taxes from the current year. The succeeding year property tax
receivable represents taxes certified by the City to be collected in the next fiscal year for the purposes set
out in the budget for the next fiscal year. By statute, the City is required to certify its budget to the County
Auditor by March 15 of each year for the subsequent fiscal year. However, by statute, the tax asking and
budget certification for the following fiscal year becomes effective on the first day of that year. Although
the succeeding year property tax receivable has been recorded, it will not be recognized as revenue until
the year for which it is levied.
Federal and state grants are recorded as receivables and the revenue is recognized during the period in
which the City fulfills the requirements for receiving the grant awards, as long as the susceptible to
accrual criteria are met.
47
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Income from investments in all fund types and from charges for services in proprietary fund types is
recognized when earned. Licenses and permits, fines and forfeitures, fees and refunds, charges for
services (in governmental fund types), miscellaneous, and other revenues are recorded as revenue when
received in cash because they are generally not measurable until actually received.
Inventories
Inventories are recognized only in those funds in which they are material to the extent of affecting
operations. For the City, these are the Other Shared Revenue and Grants Fund, Transit Fund, Water Fund,
and the Equipment Maintenance Fund. Inventories of materials and supplies are determined by actual
count and priced on the FIFO method.
Capital Assets
Capital assets, which include property, buildings, equipment, and infrastructure assets (e.g., roads,
bridges, water mains, and similar items), are reported in the applicable governmental or business -type
activities columns in the government -wide financial statements. The City follows the policy of not
requiring capitalization of an asset with an initial, individual cost of less than $50,000 for infrastructure,
$25,000 for buildings and improvements, and $5,000 for equipment assets. Such assets are recorded at
original purchase cost or at acquisition value at the date of donation when received as donated properties.
Depreciation is computed using the straight-line method over the following estimated useful lives:
Infrastructure 3 — 100 years
Buildings and structures 20 — 50 years
Improvements other than buildings 10 — 50 years
Vehicles 2 — 20 years
Other equipment 3 — 30 years
Deferred Outflows of Resources
Deferred outflows of resources represent a consumption of net position that applies to a future period(s)
and will not be recognized as an outflow of resources (expense/expenditure) until then. Deferred outflows
of resources consist of unrecognized items not yet charged to pension expense and contributions from the
employer after the measurement date but before the end of the employer's reporting period.
Bond Premiums and Discounts
Debt issued at a premium or discount is recorded net of the unamortized premium or discount. In the
governmental funds, premiums and discounts are recorded entirely as other financing sources or uses in
the year of issuance. In the proprietary funds and the government -wide statements, they are amortized
over the life of the bonds.
48
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Compensated Absences
Permanent City employees accumulate vacation and sick leave hours for subsequent use or for payment
upon death, resignation, or retirement. The City pays its employees (except firefighters) one-half of the
accumulated sick leave at the time of termination on the basis of the employee's then effective hourly
base salary, provided that the dollar amount of the payment may be up to, but not exceed, the amount that
an employee would be paid if the employee had terminated on June 28, 1985. Employees hired on or after
June 29, 1985, are not eligible for payment of accumulated sick leave upon termination, death, or
retirement.
Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows
of resources related to pensions, and pension expense, information about the fiduciary net position of the
Iowa Public Employees' Retirement System and the Municipal Fire and Police Retirement System
(Systems') and additions to/deductions from the Systems' fiduciary net position have been determined on
the same basis as they are reported by the Systems. For this purpose, benefit payments (including refunds
of employee contributions) are recognized when due and payable in accordance with the benefit terms.
Investments are reported at fair value.
Landfill Closing Costs
Costs expected to be incurred in ultimately closing the present landfill site are being systematically
provided for through charges to expense over the estimated useful life of the landfill on the basis of
capacity used (see Note 7).
Deferred Inflows of Resources
Deferred inflows of resources represent an acquisition of net position that applies to a future period(s) and
will not be recognized as an inflow of resources (revenue) until that time. Although certain revenues are
measureable, they are not available. Available means collected within the current year or expected to be
collected soon enough thereafter to be used to pay liabilities of the current year. Deferred inflows of
resources in the governmental fund financial statements represent the amount of assets that have been
recognized, but the related revenue has not been recognized since the assets are not collected within the
current year or expected to be collected soon enough thereafter to be used to pay liabilities of the current
year. Deferred inflows of resources consist of property tax receivable, notes receivable, grants receivable
and other receivables.
Deferred inflows of resources in the Statement of Net Position consist of succeeding year property tax
receivable that will not be recognized as revenue until the year for which they are levied, notes receivable
that will not be recognized as revenue until the year for which the payment is received and the
unamortized portion of pension related items.
49
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Budgetary and Legal Appropriation and Amendment Policies
The City prepares and adopts an annual function budget, as prescribed by Iowa statutes, for all funds
except internal service and agency funds. This is formalized in a separate budgetary report, the Financial
Plan. This budget is adopted on or before March 15 of each year to become effective July 1, and
constitutes the City's appropriation for each program and purpose specified therein until amended. The
adopted budget must include the following:
a. Expenditures for each function:
Public safety
Public works
Health and social services
Culture and recreation
Community and economic development
General government
Debt service
Capital projects
Business-type/enterprise
b. The amount to be raised by property taxation
c. Income from sources other than property taxation
d. Transfers in and transfers out
The legal level of control (the level at which expenditures may not legally exceed appropriations) is the
function level for all funds combined, rather than at the individual fund level. Management can transfer
appropriations within a function, within a fund type, and between fund types, without the approval of the
governing body so long as the total budget by function area will not be exceeded. It is necessary,
therefore, to aggregate the expenditures of the budgeted activities within the governmental fund types
with the expenditures of the budgeted activities within the enterprise funds on a function basis, and to
compare such function totals to function budgeted totals in order to demonstrate legal compliance with
the budget. The City's budget for revenue focuses on aggregated totals by revenue source.
The City formally adopts budgets for several funds that are not required by state law to be included in the
annual function budget. Annual operating budgets are adopted for the internal service funds for
management control purposes. Such budgets, however, are not legally required to be adopted under state
statutes.
A City budget for the current fiscal year may be amended for any of the following purposes as prescribed
by Iowa statute:
a. To permit the appropriation and expenditure of unexpended, unencumbered cash balances on
hand at the end of the preceding fiscal year.
b. To permit the appropriation and expenditure of amounts anticipated being available from sources
other than property taxation.
c. To permit transfers between funds.
d. To permit transfers between programs.
A budget amendment must be prepared and adopted in the same manner as the original budget. The City's
budget was amended as prescribed, and the effects of those amendments are shown in the accompanying
budgetary comparison schedule. The original budget was increased by $18,047,566 in revenues and other
financing sources and by $41,082,734 in expenditures and other financing uses. Appropriations, as
adopted or amended, lapse at the end of the fiscal year.
50
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
As allowed by GASB Statement No. 41, Budgetary Comparison Schedules —Perspective Differences, the
City presents budgetary comparison schedules as required supplementary information based on the
program structure of nine functional areas as required by state statute for its legally adopted budget.
Restricted Assets
Assets within the individual funds, which can be designated by the City Council for any use within the
fund's purpose, are considered to be unrestricted assets. Assets, which are restricted for specific uses by
bonded debt requirements, grant provisions, or other requirements, are classified as restricted assets.
Liabilities, which are payable from restricted assets, are classified as such.
Classification of Fund Balances
Fund balances for the governmental funds are reported in classifications based on the nature of any
limitations requiring the use of resources for specific purposes (see Note 9).
2. Cash and Pooled Investments
The City's deposits in banks at June 30, 2016 were entirely covered by federal depository insurance,
national credit union administration, or by the State Sinking Fund in accordance with Chapter 12C of the
Code of Iowa. This chapter provides for additional assessments against the depositories to insure there
will be no loss of public funds.
The City is authorized by statute to invest public funds in obligations of the United States government, its
agencies and instrumentalities; certificates of deposit or other evidences of deposit at federally insured
Iowa depository institutions approved by City Council and secured pursuant to the limitations set forth in
Chapter 12C of the Code of Iowa; prime eligible bankers acceptances; certain high rated commercial
paper; perfected repurchase agreements; Iowa Public Agency Investment Trust (IPAIT); certain registered
open—end management investment companies registered with the Securities & Exchange Commission
under the federal Investment Company Act of 1940; certain joint investment trusts; and warrants or
improvement certificates of a drainage district.
At June 30, 2016 the City had the following investments:
Fair
Investment Value Maturity
Federal Home Loan Bank Note 52,040,000 December 2016
United States Treasury Note 503,750 May 2018
52,543,750
The City uses the fair value hierarchy established by generally accepted accounting principles based on
the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active
markets for identical assets. Level 2 inputs are significant other observable inputs. Level 3 inputs are
significant unobservable inputs.
51
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
The recurring fair value measurement for the Federal Home Loan Bank securities of $2,040,000 and the
United States Treasury securities of $503,750 were determined using the last reported sales price at
current exchange rates (Level 1 inputs).
In addition, the City had investments in the Iowa Public Agency Investment Trust (IPAIT), which are
valued at an amortized cost of $1,500,000 pursuant to Rule 2a-7 under the Investment Company Act of
1940.
The City had no other investments meeting the disclosure requirements of Governmental Accounting
Standards Board Statement No. 72.
Interest rate risk - The City's investment policy limits the investment of general and operating funds to
one year, unless a temporary extension of maturities is approved by the City Council. In such cases, the
average maturity of each fund's portfolio shall not exceed 397 days. Funds not identified as operating
funds may be invested in instruments whose maturities do not exceed five years at the time of purchase.
Credit risk. State law limits investments to commercial paper and corporate bonds to the top two ratings
issued by nationally recognized statistical rating organizations. It is the City's policy to comply with
rating restrictions. The investment in Iowa Public Agency Investment Trust is not rated by Moody's
Investors service as it is a state security that is backed by the full faith and credit of the issuing
government and is not subject to credit risk.
Concentration of credit risk. The City investment policy limits the amount that may be invested in any
one issuer to a maximum amount approved by the City Council.
The aforementioned Iowa Public Agency Investment Trust (IPAIT) represents an investment in a pool
managed by others. IPAIT is a common trust established under Iowa law pursuant to Iowa Code Chapter
28E in 1987 to enable eligible Iowa public agencies to safely and effectively invest their available
operating and reserve funds. IPAIT is registered under the Investment Company Act of 1940.
The IPAIT portfolios have followed established money market mutual fund investment parameters
designed to maintain a $1 per unit net asset value since inception and were registered with the Securities
and Exchange Commission (SEC).
Due to legal and budgetary reasons, the General Fund is assigned a portion of the investment earnings
associated with other funds. These funds are the employee benefits, other shared revenue, and sanitation
funds.
52
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
3. Interfund Balances and Transfers
Interfund balances for the year ended June 30, 2016, consisted of the following:
Advances from
Advances to:
Parking
Housing Authority
Other Shared Revenue
and Grants
Total
Community
Development Debt
Block Grant Service Sanitation
$ - $ - $ 2,129,525
18,000 -
Total
$ 2,129,525
18,000
- 137,817 - 137,817
$ 18,000 $ 137,817 $ 2,129,525 $ 2,285,342
Interfund balances at June 30, 2016, include advances due to/from other funds, which represent amounts
for construction loans and a revenue bond redemption loan. $1,901,161 of the $2,129,525 advance to the
Parking Fund is not expected to be repaid within the next year. None of the $18,000 advance to Housing
Authority is expected to be repaid within the next year. $124,595 of the $137,817 advance to the Other
Shared Revenue and Grants Fund is not expected to be repaid within the next year.
53
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Interfund transfers for the year ended June 30, 2016, consisted of the following:
Transfer to:
General
Debt Service
Other Shared Revenue
and Grants
Capital Projects
Bridge, Street and
Traffic Control Construction
Nonmajor Governmental
Wastewater Treatment
Water
Sanitation
Stormwater
Transit
Nonmajor Enterprise
Internal Service
Total Transfer to
Transfer from
$ - $ 8987,501 $
201,017 -
218,879 396,132
6,304,315 -
1,111,492 -
$ 78,624 $ - $ 9,106
- 762,103
- 2,609,188 -
Capital Projects
25,000 479,969 150,000
Bridge, Street
Community
Other Shared and Traffic
Employee Development
Revenue and Control Nonmajor
General Benefits Block Grant
Grants Construction Governmental
$ - $ 8987,501 $
201,017 -
218,879 396,132
6,304,315 -
1,111,492 -
$ 78,624 $ - $ 9,106
- 762,103
- 2,609,188 -
320,444
25,000 479,969 150,000
20,972
- - 139,850
55,000
- - 971,064
13,634
-
23,830
- - 1,474,879
716,390
3,108,169 - - - - -
121,929 - - - - 29,469
63,294 - - - 9,460 99,752
$ 11,129,095 $ 9,383,633 $ 25,000 $ 3,167,781 $ 2,745253 $ 2,050,700
(continued)
Transfers are used to move revenues and bond proceeds from the fund that State statutes or the budget
requires to collect them to the fund that the State statutes or the budget requires to expend them.
In the fund financial statements, total transfers in and transfers out of $32,315,742 are less than total
transfers of $35,484,379 because of the treatment of transfers of capital assets from the governmental
activities capital assets.
During the year, construction in progress related to construction along Moss Ridge Road with a value of
$423,960 was transferred from governmental activities capital assets to Wastewater Treatment. No
amounts were reported in the governmental funds, as the amounts did not involve the transfer of financial
resources. However, Wastewater Treatment did report a capital contribution for the capital resources
received.
54
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Transfer from
Wastewater
Housing
Nonrrtajor
Internal Total
Treatment Water Sanitation
Stormwater Authority
Enterprise
Service Transfer from
$ - $ - $ -
$ - $ 45,184
$ 1,571,324
$ - $ 10,691,739
- - -
- -
-
- 963,120
- - -
- -
-
- 615,011
500,000 719,562 -
121,945 -
-
- 10,575,454
- - -
450,000 -
-
50,000 2,287,433
- - -
- -
-
- 194,850
- - -
- -
-
- 984,698
- - -
- -
-
- 23,830
- - -
- -
-
- 2,191,269
- - -
- -
-
- 3,108,169
- - -
- -
-
- 151,398
22,143 - 334,122
- -
-
- 528,771
$ 522,143 $ 719,562 $ 334,122 $ 571,945 $ 45,184 $ 1,571,324 $ 50,000
Transfers from governmental activities capital assets to an enterprise fund
32,315,742
3,168,637
$ 35,484,379
During the year, construction in progress related to construction along Moss Ridge Road with a value of
$419,867 was transferred from governmental activities capital assets to Water. No amounts were reported
in the governmental funds, as the amounts did not involve the transfer of financial resources. However,
Water did report a capital contribution for the capital resources received.
During the year, construction in progress related to construction along Moss Ridge Road and the Rocky
Shore Lift Station with values of $587,746 and $1,737,064 was transferred from governmental activities
capital assets to Stormwater. No amounts were reported in the governmental funds, as the amounts did not
involve the transfer of financial resources. However, Stormwater did report a capital contribution for the
capital resources received.
55
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
4. Capital Assets
Capital asset activity for the year ended June 30, 2016, was as follows:
Less accurrnilated depreciation for
Buildings
21,559,428
Acquisitions
Disposals
23,185,807
Improvements other than buildings
Begmnng
and
and
Balance
Machinery and equipment
July 1, 2015
Tmnsfers
Tmnsfers
June 30, 2016
Governmental activities:
37,074,523
3,001,254
-
40,075,777
Capital assets, not being depreciated
87,447,704
8,589,299
3,592,951
92,444,052
Land
$ 23,470,212
$ 611,182
$ -
$ 24,081,394
Construction in progress
24,562,170
11,872,690
12,241,121
24,193,739
Total capital assets, not being depreciated
48,032,382
12,483,872
12,241,121
48,275,133
Capital assets, being depreciated
Buildings
59,797,278
5,075,593
560,598
64,312,273
Improvements other than buildings
6,725,348
638,907
6250
7,358,005
Machinery and equipment
40,679,178
4,446,279
3,383,709
41,741,748
Infrastructure
131,866,384
6,113,679
-
137,980,063
Total capital assets being depreciated
239,068,188
16,274,458
3,950,557
251,392,089
Less accurrnilated depreciation for
Buildings
21,559,428
1,974,044
347,665
23,185,807
Improvements other than buildings
2,987,909
281,395
3,125
3,266,179
Machinery and equipment
25,825,844
3,332,606
3,242,161
25,916,289
Infrastructure
37,074,523
3,001,254
-
40,075,777
Total accunnilated depreciation
87,447,704
8,589,299
3,592,951
92,444,052
Total capital assets, being depreciated, net
151,620,484
7,685,159
357,606
158,948,037
Goverumental activities capital assets, net
$ 199,652,866
$ 20,169,031
$ 12,598,727 $
207,223,170
56
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Acquisitions Disposals
Begmnng and and Balance
July 1, 2015 Transfers Transfers June 30, 2016
Business -type activities:
Capital assets, not being depreciated
Land
$ 33,789,882
$ 4,852,938
$ 3,052,522 $
35,590,298
Construction in progress
11,388,980
2,197,260
10,939,196
2,647,044
Total capital assets, not being depreciated
45,178,862
7,050,198
13,991,718
38,237,342
Capital assets, being depreciated
7242,782
404,342
90,363,007
Buildings
119,258,446
-
771,471
118,486,975
Improvements other than buildings
10,552,725
244,442
13,722
10,783,445
Machinery and equipment
30,715,999
512,092
132,134
31,095,957
Infrastructure
285,222,339
13,515,252
620,000
298,117,591
Total capital assets being depreciated
445,749,509
14,271,786
1,537,327
458,483,968
Less accunnilated depreciation for
Buildings 55,207,928
3,011,767
368,752
57,850,943
Improvements other than buildings 5,626,863
467,892
13,722
6,081,033
Machinery and equipment 21,138,235
1,493,309
131,478
22,500,066
Infrastructure 83,524,567
7242,782
404,342
90,363,007
Total accurn fated depreciation 165,497,593
12,215,750
918,294
176,795,049
Total capital assets, being depreciated, net 280,251,916
2,056,036
619,033
281,688,919
Business -type activities capital assets, net $ 325,430,778
$ 9,106,234
$ 14,610,751
$
319,926,261
Depreciation expense was charged to functions as follows:
Govemmental activities:
Public safety
$
1,473,455
Public works
3,424,828
Culture and recreation
2,756,974
Comminiity and econonric development
55,056
General government
437,715
Total depreciation expense - govemmenial activities
$
8,148,028
Business -type activities:
Parking
$
807,601
Transit
1,030,329
Wastewater treatment
4,485,498
Water
2,294,914
Sanitation
1,387,157
Stomzwater
1,113,015
Housing arthority
121,289
Nonmajor enterprise
975,947
Total depreciation expense - business -type activities
S
12,215,750
57
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
5. Long Term Debt
Changes in Debt for Bonds
Bond debt activity for the year ended June 30, 2016, was as follows:
July 1, 2015
Governmental activities:
Issues
Due Wdlan
Retirements June 30, 2016 One Year
General obligation bonds
$
58,750,000
$
9,405,000
$
13,100,000
$
55,055,000
$
10,130,000
Plus: Unamortized
Prentium
671,203
441,257
169,068
943,392
126,304
Total general obligation bonds
59,421,203
9,846,257
13,269,068
55,998,392
10,256,304
Revenue bonds
2,655,000
-
130,000
2,525,000
130,000
Less: Unamortized
Discounts
36,108
-
2,124
33,984
2,124
Total revenue bonds
2,618,892
-
127,876
2,491,016
127,876
$
62,040,095
S
9,846,257
S
13,396,944
$
58,489,408
S
10,384,180
Business -type activities:
General obligation bonds
$
590,000
$
-
$
295,000
$
295,000
$
295,000
Less: Unamortized
Discounts
-
-
-
-
-
Total general obligation bonds
590,000
-
295,000
295,000
295,000
Revenue bonds
44,950,000
13,010,000
19,540,000
38,420,000
5,090,000
Plus: Unamortized
Prenmun
616,903
1,144,715
229,957
1,531,661
229,957
Total revenue bonds
45,566,903
14,154,715
19,769,957
39,951,661
5,319,957
S
46,156,903
S
14,154,715
S
20,064,957
$
40,246,661
$
5,614,957
General Obligation Bonds
Various issues of general obligation bonds totaling $55,350,000 are outstanding as of June 30, 2016. The
bonds have interest rates ranging from 1.0% to 4.0% and mature in varying annual amounts ranging from
$240,000 to $2,185,000 per issue, with the final maturities due in the year ending June 30, 2026. Interest
and principal payments on all general obligation bonds, except tax abated portions recorded in the
enterprise funds, are accounted for through the Debt Service Fund.
Portions of several general obligation bond issues have been used to acquire or expand the enterprise fund
facilities. In some instances, revenue generated by the enterprise funds is used to pay the general long-
term debt principal and interest. The liability for those bonds that are expected to be paid by enterprise
funds is included in those funds.
58
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Annual debt service requirements to maturity for general obligation bonds are as follows:
Fiscal Year Ending Governmental Activities
June 30 Principal
Interest
Business -t}
Principal
Activities
Interest
2017
$ 10,130,000
$ 1,343,550 $ 295,000 $ 5,900
2018
9,340,000
1,115,481 - -
2019
7,985,000
872,031 - -
2020
7,410,000
663,144 - -
2021
6,150,000
459,779 - -
2022-2026
14,040,000
712,450 - -
Total
$ 55,055,000
$ 5,166,435 $ 295,000 $ 5,900
Revenue Bonds
As of June 30, 2016, the following unmatured revenue bond issues are outstanding:
The City of Iowa City defeased the remaining $6,605,000 of its 2009 parking revenue bonds on
November 12, 2014 by prepaying all remaining outstanding bonds and interest from cash on hand. The
total defeased outstanding as of June 30, 2016 is $6,045,000. The total amount of interest that was paid
was $574,186. Liabilities for the defeased bonds are not included in the City's financial statements.
On June 16, 2016, the City issued $9,360,000 of sewer revenue bonds for a current refunding of
$10,515,000 of sewer revenue bonds on July 1, 2016. As a result, the sewer revenue bonds from that issue
are considered to be defeased and the liability has been removed from the financial statements. The
refunding was undertaken to reduce total future debt service payments. The result of the transaction is a
reduction of $1,679,360 in future debt service payments and an economic gain of $1,133,595.
On June 16, 2016, the City issued $3,650,000 of water revenue bonds for a current refunding of
$4,085,000 of water revenue bonds on July 1, 2016. As a result, the water revenue bonds from that issue
are considered to be defeased and the liability has been removed from the financial statements. The
refunding was undertaken to reduce total future debt service payments. The result of the transaction is a
reduction of $640,265 in future debt service payments and an economic gain of $485,963.
59
Wastewater
Taxable Urban
Treatment
Water
Renewal
Original issue amount
$
57,380,000
$
25,465,000
$ 2,655,000
Interest rates
3.0% to 5.0%
1.5% to 5.0%
1.0% to 3.9%
Annual maturities
$
505,000 to
$
380,000 to
$ 130,000 to
$
2,010,000
$
835,000
$ 200,000
Amount outstanding
$
23,910,000
$
14,510,000
$ 2,525,000
The City of Iowa City defeased the remaining $6,605,000 of its 2009 parking revenue bonds on
November 12, 2014 by prepaying all remaining outstanding bonds and interest from cash on hand. The
total defeased outstanding as of June 30, 2016 is $6,045,000. The total amount of interest that was paid
was $574,186. Liabilities for the defeased bonds are not included in the City's financial statements.
On June 16, 2016, the City issued $9,360,000 of sewer revenue bonds for a current refunding of
$10,515,000 of sewer revenue bonds on July 1, 2016. As a result, the sewer revenue bonds from that issue
are considered to be defeased and the liability has been removed from the financial statements. The
refunding was undertaken to reduce total future debt service payments. The result of the transaction is a
reduction of $1,679,360 in future debt service payments and an economic gain of $1,133,595.
On June 16, 2016, the City issued $3,650,000 of water revenue bonds for a current refunding of
$4,085,000 of water revenue bonds on July 1, 2016. As a result, the water revenue bonds from that issue
are considered to be defeased and the liability has been removed from the financial statements. The
refunding was undertaken to reduce total future debt service payments. The result of the transaction is a
reduction of $640,265 in future debt service payments and an economic gain of $485,963.
59
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Revenue bond debt service requirements to maturity are as follows:
Fiscal Year Ending Governmental Activities
June 30 Principal
2017
2018
2019
2020
2021
2022-2026
2027-2031
2032-2036
Total
$ 130,000
135,000
135,000
140,000
140,000
760,000
885,000
200,000
Interest
$ 74,035
72,345
70,185
67,485
64,545
267,955
139,280
7,800
Business -type Activities
Principal Interest
5,090,000
5,035,000
5,250,000
5,460,000
5,360,000
12,225,000
$ 1,503,102
1,214,990
1,016,303
806,453
592,246
1,050,416
$ 2,525,000 $ 763,630 S 38,420,000 $ 6,183,510
The revenue bond ordinances required that wastewater treatment, water revenues, and urban renewal tax
revenues be set aside into separate and special accounts as they are received. The use and the amounts to
be included in the accounts are as follows:
(a) Revenue Bond and Interest
Sinking Reserve
(b) Revenue Debt Service Reserve
Amount sufficient to pay current bond and interest maturities.
Amount required to be deposited in the Revenue Bond and
Interest Reserve until the reserve fund equals: Water Revenue
and Taxable Urban Renewal Revenue bonds — maximum debt
service due on the bonds in any succeeding fiscal year.
Wastewater Revenue bonds — 125% of the average principal and
interest payments over the life of all the Wastewater Revenue
bonds.
(c) Improvement Reserve $20,000 per month until the reserve balance equals or exceeds
$2,000,000 for Wastewater Revenue bonds and $5,000 per
month until the reserve balance equals or exceeds $450,000 for
Water Revenue bonds, with no further deposits once the
minimum balance is reached. If the reserve falls below the
required minimum, monthly transfers in the aforementioned
amounts will resume.
In fiscal year ended June 30, 2016, the Wastewater Treatment Fund had net revenue of $6,168,000 and
the amount of principal and interest due was $4,695,000. In fiscal year ended June 30, 2016, the Water
Fund had net revenues of $3,936,000 and the amount of principal and interest due was $2,294,000.
60
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Summary of Bond Issues
General obligation and revenue bonds payable at June 30, 2016, are comprised of the following issues:
Revenue Bonds:
Refunded Wastewater
Treatment Bonds (4)
Refunded Wastewater
Treatment Bonds (5)
Refunded Wastewater
Treatment Bonds (6)
Refunded Wastewater
Treatment Bonds (7)
Refunded Water Bonds (8)
Refunded Water Bonds (9)
Refunded Water Bonds (10)
Refunded Water Bonds (11)
Taxable Urban Renewal
Total Revenue Bonds
Date of
Issue
Amount
Date of
Interest
Issue
General Obligation Bonds:
Issued
Refunded Multi-Purpose(1)
Oct. 2008
Mulct -Purpose
June 2009
Muld-Purpose
Aug. 2010
Mulct -Purpose
June 2011
Refunded Multi -Purpose and
$ 3,055,000
Library Construction (2)
June 2011
Mulct -Purpose
June 2012
Multi -Purpose
July 2013
Refunded Multi -Purpose (3)
June 2014
Mulct -Purpose
June 2015
Mulct -Purpose
June 2016
Multi -Purpose
June 2016
Total General Obligation Bonds
Revenue Bonds:
Refunded Wastewater
Treatment Bonds (4)
Refunded Wastewater
Treatment Bonds (5)
Refunded Wastewater
Treatment Bonds (6)
Refunded Wastewater
Treatment Bonds (7)
Refunded Water Bonds (8)
Refunded Water Bonds (9)
Refunded Water Bonds (10)
Refunded Water Bonds (11)
Taxable Urban Renewal
Total Revenue Bonds
Date of
Issue
Amount
24,280,000
Interest
Final
Outstanding
Issued
May 2009
Rates
Maturity
June 30, 2016
725
17,005,000
3.0-3.75
15,080,000
6/18
$ 3,055,000
6,685,000
2.5-4.0
June 2016
6/19
2,210,000
7,420,000
2.0-2.75
9,360,000
6/20
3,115,000
7,925,000
2.0-3.625
724
6/21
3,940,000
10,930,000
2.0-3.625
621
6,235,000
9,070,000
2.0-2.25
1.5
622
5,680,000
7,230,000
1.0-2.0
3,650,000
623
5,750,000
11,980,000
2.0-3.0
Nov. 2012
624
8,870,000
7,785,000
2.0-2.25
2,525,000
625
7,090,000
8,795,000
2.0-3.0
626
8,795,000
610,000
2.0
6/17
610,000
$ 55,350,000
Amount
Interest
Final
Outstanding
Issued
Rates
Maturity
June 30, 2016
Oct. 2008
24,280,000
3.0-5.0
722
$ 1,945,000
May 2009
8,660,000
3.5-5.0
725
6,275,000
Apr. 2010
15,080,000
3.0-4.0
720
6,330,000
June 2016
9,360,000
3.0-4.0
721
9,360,000
Oct. 2008
7,115,000
3.0-4.375
724
425,000
May 2009
9,750,000
4.0-4.5
725
6,870,000
June 2012
4,950,000
1.5
- 2.1
722
3,565,000
June 2016
3,650,000
1.5
- 5.0
724
3,650,000
Nov. 2012
2,655,000
1.0-3.9
6/32
2,525,000
40,945,000
61
$ 96.295.000
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
(1) This bond issue refunded the April 1998, March 1999, and July 2000 General Obligation Bonds.
(2) This bond issue refunded the May 2002 General Obligation Bonds.
(3) This bond issue is an advance refunding of portions of the September 2006 and May 2007 General
Obligation Bonds.
(4) This bond issue refunded the March 1996, May 1997, and January 1999 Wastewater Revenue
Bonds.
(5) This bond issue refunded the October 2000 Wastewater Revenue Bonds.
(6) This bond issue refunded the December 2001 and April 2002 Wastewater Revenue Bonds.
(7) This bond issue refunded the October 2008 Wastewater Revenue Bond.
(8) This bond issue refunded the May 1999 Water Revenue Bonds.
(9) This bond issue refunded the December 2000 Water Revenue Bonds.
(10) This bond issue refunded the October 2002 Water Revenue Bonds.
(11) This bond issue refunded the October 2008 Water Revenue Bonds.
Conduit Debt Obligations
From time to time, the City has issued Industrial Development Revenue Bonds, Facility Refunding
Revenue Bonds, and Midwestern Disaster Area Revenue Bonds to provide financial assistance to private
sector entities for the acquisition, construction, and renovation of industrial and commercial facilities
deemed to be in the public interest. The bonds are collateralized by the property financed and are payable
solely from payments received on the underlying mortgage loans. All payments on the bonds are made by
the private sector entities directly to a bond trustee, who is a third party financial institution, and in turn,
disburses the payment to the respective bond holders. Neither the City, the State, nor any political
subdivision thereof is obligated in any manner for repayment of the bonds. Accordingly, the bonds are not
reported as liabilities in the accompanying financial statements.
As of June 30, 2016, there were four series of Industrial Development Revenue Bonds, Facility
Refunding Revenue Bonds, and Midwest Disaster Area Revenue Bonds outstanding, with an aggregate
principal amount payable of $33,714,416.
Debt Legal Compliance
Legal Debt Margin:
As of June 30, 2016, the general obligation debt issued by the City did not exceed its legal debt limit
computed as follows (amounts expressed in thousands):
Assessed valuation:
Real property $ 4,862,831
Utilities 87,728
Total valuation $ 4,950,559
Debt limit, 5% of total assessed valuation
$ 247,528
Debt applicable to debt limit:
General obligation bonds
55,350
Urban renewal revenue bonds
2,525
Letters of credit
582
Other legal indebtedness (TIF rebates)
13,506
Total net debt applicable to limit
71,963
Legal debt margin
175.565
62
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
6. Pension and Retirement Systems
Municipal Fire and Police Retirement System of Iowa (MFPRSI)
Plan Description
MFPRSI membership is mandatory for fire fighters and police officers covered by the provisions of
Chapter 411 of the Code of Iowa. Employees of the City are provided with pensions through a cost-
sharing multiple employer defined benefit pension plan administered by MFPRSL MFPRSI issues a
stand-alone financial report which is available to the public by mail at 7155 Lake Drive, Suite #201, West
Des Moines, Iowa 50266 or at www.mf)rsi.org.
MFPRSI benefits are established under Chapter 411 of the Code of Iowa and the administrative rules
thereunder. Chapter 411 of the Code of Iowa and the administrative rules are the official plan documents.
The following brief description is provided for general informational purposes only. Refer to the plan
documents for more information.
Pension Benefits
Members with 4 or more years of service are entitled to pension benefits beginning at age 55. Full service
retirement benefits are granted to members with 22 years of service, while partial benefits are available to
those members with 4 to 22 years of service based on the ratio of years completed to years required (i.e.,
22 years). Members with less than 4 years of service are entitled to a refund of their contribution only,
with interest, for the period of employment.
Benefits are calculated based upon the member's highest 3 years of compensation. The average of these 3
years becomes the member's average final compensation. The base benefit is 66 percent of the member's
average final compensation. Additional benefits are available to members who perform more than 22
years of service (2 percent for each additional year of service, up to a maximum of 8 years). Survivor
benefits are available to the beneficiary of a retired member according to the provisions of the benefit
option chosen plus an additional benefit for each child. Survivor benefits are subject to a minimum
benefit for those members who chose the basic benefit with a 50 percent surviving spouse benefit.
Active members, at least 55 years of age, with 22 or more years of service have the option to participate
in the Deferred Retirement Option Program (DROP). The DROP is an arrangement whereby a member
who is otherwise eligible to retire and commence benefits opts to continue to work. A member can elect a
3, 4, or 5 year DROP period. By electing to participate in DROP the member is signing a contract
indicating the member will retire at the end of the selected DROP period. During the DROP period the
member's retirement benefit is frozen and a DROP benefit is credited to a DROP account established for
the member. Assuming the member completes the DROP period, the DROP benefit is equal to 52% of
the member's retirement benefit at the member's earliest date eligible and 100% if the member delays
enrollment for 24 months. At the member's actual date of retirement, the member's DROP account will
be distributed to the member in the form of a lump sum or rollover to an eligible plan.
Disability and Death Benefits
Disability coverage is broken down into two types, accidental and ordinary. Accidental disability is
defined as permanent disability incurred in the line of duty, with benefits equivalent to the greater of 60
percent of the member's average final compensation or the member's service retirement benefit
calculation amount. Ordinary disability occurs outside the call of duty and pays benefits equivalent to the
greater of 50 percent of the member's average final compensation, for those with 5 or more years of
service, or the member's service retirement benefit calculation amount, and 25 percent of average final
compensation for those with less than 5 years of service.
63
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Death benefits are similar to disability benefits. Benefits for accidental death are 50 percent of the
average final compensation of the member plus an additional amount for each child, or the provisions for
ordinary death. Ordinary death benefits consist of a pension equal to 40 percent of the average final
compensation of the member plus an additional amount for each child, or a lump -sum distribution to the
designated beneficiary equal to 50 percent of the previous year's earnable compensation of the member or
equal to the amount of the member's total contributions plus interest.
Benefits are increased (escalated) annually in accordance with Chapter 411.6 of the Code of Iowa which
states a standard formula for the increases.
The surviving spouse or dependents of an active member who dies due to a traumatic personal injury
incurred in the line of duty receives a $100,000 lump -sum payment.
Contributions
Member contribution rates are set by state statute. In accordance with Chapter 411 of the Code of Iowa,
the contribution rate was 9.40% of earnable compensation for the year ended June 30, 2016.
Employer contribution rates are based upon an actuarially determined normal contribution rate and set by
state statute. The required actuarially determined contributions are calculated on the basis of the entry
age normal method as adopted by the Board of Trustees as permitted under Chapter 411 of the Code of
Iowa. The normal contribution rate is provided by state statute to be the actuarial liabilities of the plan
less current plan assets, with such total divided by 1 percent of the actuarially determined present value of
prospective future compensation of all members, further reduced by member contributions and state
appropriations. Under the Code of Iowa the employer's contribution rate cannot be less than 17.00% of
earnable compensation. The contribution rate was 27.77% for the year ended June 30, 2016.
The City's contributions to MFPRSI for the year ended June 30, 2016 was $2,779,259.
If approved by the state legislature, state appropriation may further reduce the employer's contribution
rate, but not below the minimum statutory contribution rate of 17.00% of earnable compensation. The
State of Iowa therefore is considered to be a nonemployer contributing entity in accordance with the
provisions of the Governmental Accounting Standards Board Statement No. 67 — Financial Reporting for
Pension Plans, (GASB 67).
There were no state appropriations to MFPRSI during the fiscal year ended June 30, 2016.
Net Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions
At June 30, 2016, the City reported a liability of $17,406,489 for its proportionate share of the net pension
liability. The net pension liability was measured as of June 30, 2015, and the total pension liability used
to calculate the net pension liability was determined by an actuarial valuation as of that date. The City's
proportion of the net pension liability was based on the City's share of contributions to the pension plan
relative to the contributions of all MFPRSI participating employers. At June 30, 2015, the City's
proportion was 3.704972% which was a decrease of .073165% from its proportions measured as of June
30,2014.
64
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
For the year ended June 30, 2016, the City recognized pension expense of $1,679,060. At June 30, 2016,
the City reported deferred outflows of resources and deferred inflows of resources related to pensions
from the following sources:
Differences between expected and actual
experience
Change of assumptions
Net difference between projected and actual
earnings on pension plan investments
Changes in proportion and differences between
City contributions and proportionate share of
contributions
City contributions subsequent to the measurement
date
Total
Deferred Outflows of Deferred Inflows of
Resources Resources
$ 438,142 $
1,309,699
1,791,677
465,939 304,786
2,779,259
$ 4,993,039 $ 2,096,463
$2,779,259 reported as deferred outflows of resources related to pensions resulting from City
contributions subsequent to the measurement date will be recognized as a reduction of the net pension
liability in the year ended June 30, 2017. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to pensions will be recognized in pension expense as follows:
Year Ended
Total
June 30, 2017
$ (354249)
June 30, 2018
(354249)
June 30, 2019
(354249)
June 30, 2020
1,089287
June 30, 2021
90,777
$ 117,317
65
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Actuarial Assumptions
The total pension liability in the June 30, 2015, actuarial valuation was determined using the following
actuarial assumptions, applied to all periods included in the measurement:
Rate of inflation
Salary increases
Investment rate of return
3.00 percent per annum
4.50 to 15.00 percent, including inflation
7.50 percent, net of pension plan investment
expense, including inflation
The actuarial assumptions used in the June 30, 2015 valuation were based on the results of an actuarial
experience study for the period from July 1, 2002 to June 30, 2012.
Mortality rates were based weighting equal to 1/12 of the 1971 GAM table and 11/12 of the 1994 GAM
table with no projection of future mortality improvement.
The long-term expected rate of return on pension plan investments was determined using a building-block
method in which best -estimate ranges of expected future real rates (i.e., expected returns, net of pension
plan investment expense and inflation) are developed for each major asset class. These ranges are
combined to produce the long-term expected rate of return by weighting the expected future real rates of
return by the target asset allocation percentage and by adding expected inflation. The target allocation
and best estimates of arithmetic real rates of return for each major asset class are summarized in the
following table:
Long -Term Expected
Asset Class Target Allocation Real Rate of Return
Core Plus Fixed Income
Emerging Markets Debt
Domestic Equities
Master Limited Partnerships (MLP)
International Equities
Core Investments
Tactical Asset Allocation
Private Equity
Private Non -Core Real Estate
Private Core Real Estate
Real Estate
Total
66
7.0%
3.0
12.5
5.0
12_5
40.0%
35.0
15.0
5.0
5.0
10.0
100.0%
3.8 %
6.5
6.0
8.5
7.0
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Discount Rate
The discount rate used to measure the total pension liability was 7.5 percent. The projection of cash flows
used to determine the discount rate assumed that contributions will be made at 9.40 percent of covered
payroll and the City contributions will be made at rates equal to the difference between actuarially
determined rates and the member rate. Based on those assumptions, the pension plan's fiduciary net
position was projected to be available to make all projected future benefit payments of current plan
members. Therefore, the long-term expected rate of return on pension plan investments was applied to all
periods of projected benefit payments to determine the total pension liability.
Sensitivity of City's Proportionate Share of the Net Pension Liability to Changes in the Discount
Rate
The following presents the City's proportionate share of the net pension liability calculated using the
discount rate of 7.5 percent, as well as what the city's proportionate share of the net pension liability
would be if it were calculated using a discount rate that is 1 -percent lower (6.5 percent) or 1 -percent
higher (8.5 percent) than the current rate.
1% Decrease Discount Rate 1% Increase
(6.5%) (7.5%) (8.5%)
City's proportionate share of
the net pension liability: S 30,305,216 S 17,406,489 S 6,689,156
Pension Plan Fiduciary Net Position
Detailed information about the pension plan's fiduciary net position is available in the separately issued
MFPRSI financial report which is available on MFPRSI's website at www.mfprsi.om.
Payables to the Pension Plan
At June 30, 2016, there were no amounts due to MFPRSI.
Iowa Public Employees Retirement System (IPERS)
Plan Descrintion
IPERS membership is mandatory for employees of the City, except for those covered by another
retirement system. Employees of the City are provided with pensions through a cost-sharing multiple
employer defined benefit pension plan administered by IPERS. IPERS issues a stand-alone financial
report which is available to the public by mail at 7401 Register Drive P.O. Box 9117, Des Moines, Iowa
50306-9117 or at www.iyers.om.
IPERS benefits are established under Iowa Code chapter 97B and the administrative rules thereunder.
Chapter 97B and the administrative rules are the official plan documents. The following brief description
is provided for general informational purposes only. Refer to the plan documents for more information.
67
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Pension Benefits
A regular member may retire at normal retirement age and receive monthly benefits without an early-
retirement reduction. Normal retirement age is age 65, any time after reaching age 62 with 20 or more
years of covered employment, or when the member's years of service plus the member's age at the last
birthday equals or exceeds 88, whichever comes first. (These qualifications must be met on the member's
first month of entitlement to benefits.) Members cannot begin receiving retirement benefits before age
55. The formula used to calculate a Regular member's monthly IPERS benefit includes:
A multiplier (based on years of service).
The member's highest five-year average salary. (For members with service before June 30, 2012,
the highest three-year average salary as of that date will be used if it is greater than the highest
five-year average salary.)
If a member retires before normal retirement age, the member's monthly retirement benefit will be
permanently reduced by an early-retirement reduction. The early-retirement reduction is calculated
differently for service earned before and after July 1, 2012. For service earned before July 1, 2012, the
reduction is 0.25 percent for each month that the member receives benefits before the member's earliest
normal retirement age. For service earned starting July 1, 2012, the reduction is 0.50 percent for each
month that the member receives benefits before age 65.
Generally, once a member selects a benefit option, a monthly benefit is calculated and remains the same
for the rest of the member's lifetime. However, to combat the effects of inflation, retirees who began
receiving benefits prior to July 1990 receive a guaranteed dividend with their regular November benefit
payments.
Disability and Death Benefits
A vested member who is awarded federal Social Security disability or Railroad Retirement disability
benefits is eligible to claim IPERS benefits regardless of age. Disability benefits are not reduced for early
retirement. If a member dies before retirement, the member's beneficiary will receive a lifetime annuity
or a lump -sum payment equal to the present actuarial value of the member's accrued benefit or calculated
with a set formula, whichever is greater. When a member dies after retirement, death benefits depend on
the benefit option the member selected at retirement.
Contributions
Effective July 1, 2012, as a result of a 2010 law change, the contribution rates are established by IPERS
following the annual actuarial valuation, which applies IPERS' Contribution Rate Funding Policy and
Actuarial Amortization Method. Statute limits the amount rates can increase or decrease each year to 1
percentage point. IPERS Contribution Rate Funding Policy requires that the actuarial contribution rate be
determined using the "entry age normal" actuarial cost method and the actuarial assumptions and methods
approved by the IPERS Investment Board. The actuarial contribution rate covers normal cost plus the
unfunded actuarial liability payment based on a 30 -year amortization period. The payment to amortize
the unfunded actuarial liability is determined as a level percentage of payroll, based on the Actuarial
Amortization Method adopted by the Investment Board.
68
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
In fiscal year 2016, pursuant to the required rate, Regular members contributed 5.95 percent of pay and
the City contributed 8.93 percent for a total rate of 14.88 percent.
The City's total contributions to IPERS for the year ended June 30, 2016 were $2,540,448.
Net Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred
Inflows of Resources Related to Pensions
At June 30, 2016, the City reported a liability of $20,548,735 for its proportionate share of the net pension
liability. The net pension liability was measured as of June 30, 2015, and the total pension liability used
to calculate the net pension liability was determined by an actuarial valuation as of that date. The City's
proportion of the net pension liability was based on the City's share of contributions to the pension plan
relative to the contributions of all IPERS participating employers. At June 30, 2015, the City's proportion
was .4159256% which was a decrease of .0219648% from its proportions measured as of June 30, 2014.
For the year ended June 30, 2016, the City recognized pension expense of $1,508,882. At June 30, 2016,
the City reported deferred outflows of resources and deferred inflows of resources related to pensions
from the following sources:
Deferred Outflows of Deferred Inflows of
Resources Resources
Differences between expected and actual
experience $ 310,465
Change of assumptions 565,758
Net difference between projected and actual
earnings on pension plan investments - 1,710,193
Changes in proportion and differences between
City contributions and proportionate share of
contributions - 891,372
City contributions subsequent to the measurement
date 2,540,448 -
Total
.e
$ 3,416,671 $ 2,601,565
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
$2,540,448 reported as deferred outflows of resources related to pensions resulting from City
contributions subsequent to the measurement date will be recognized as a reduction of the net pension
liability in the year ended June 30, 2017. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to pensions will be recognized in pension expense as follows:
Year Ended
Total
June
30, 2017
$ (795,189)
June
30, 2018
(795,189)
June
30, 2019
(795,189)
June
30, 2020
691294
June
30, 2021
(31,069)
$ (1,725,342)
Actuarial Assumptions
The total pension liability in the June 30, 2015, actuarial valuation was determined using the following
actuarial assumptions, applied to all periods included in the measurement:
Rate of inflation
3.00 percent per annum
(effective June 30, 2014)
Salary increases
4.00 to 17.00 percent average, including inflation. Rates vary by
(effective June 30, 2010)
membership group.
Investment rate of return
7.50 percent, net of pension plan investment
(effective June 30, 1996)
expense, including inflation
Wage growth
4.00 percent per annum based on 3.00 inflation and 1.00
(effective June 30, 1990)
realwage inflation
The actuarial assumptions used in the June 30, 2015 valuation were based on the results of actuarial
experience studies with dates corresponding to those listed above.
Mortality rates were based on the RP -2000 Mortality Table for Males or Females, as appropriate, with
adjustments for mortality improvements based on Scale AA.
70
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
The long-term expected rate of return on pension plan investments was determined using a building-block
method in which best -estimate ranges of expected future real rates (i.e., expected returns, net of pension
plan investment expense and inflation) are developed for each major asset class. These ranges are
combined to produce the long-term expected rate of return by weighting the expected future real rates of
return by the target asset allocation percentage and by adding expected inflation. The target allocation
and best estimates of arithmetic real rates of return for each major asset class are summarized in the
following table:
Asset Class
Core Plus Fixed Income
Domestic Equity
International Equity
Private Equity/Debt
Real Estate
Credit Opportunities
U.S. TIPS
Other Real Assets
Cash
Total
Target Allocation
28 %
24
16
11
8
5
5
2
1
100%
Long -Term Expected
Real Rate of Return
2.04 %
6.29
6.75
11.32
3.48
3.63
1.91
6.24
-0.71
Discount Rate
The discount rate used to measure the total pension liability was 7.5 percent. The projection of cash flows
used to determine the discount rate assumed that contributions will be made at the contractually required
rate and that the contributions from the City will be made at contractually required rates, actuarially
determined. Based on those assumptions, the pension plan's fiduciary net position was projected to be
available to make all projected future benefit payments of current plan members. Therefore, the long-
term expected rate of return on pension plan investments was applied to all periods of projected benefit
payments to determine the total pension liability.
Sensitivity of Citv's Pronortionate Share of the Net Pension Liabiflty to Changes in the Discount
Rate
The following presents the City's proportionate share of the net pension liability calculated using the
discount rate of 7.5 percent, as well as what the city's proportionate share of the net pension liability
would be if it were calculated using a discount rate that is 1 -percent lower (6.5 percent) or 1 -percent
higher (8.5 percent) than the current rate.
1% Decrease Discount Rate 1% Increase
(6.5%) (7.5%) (8.5%)
City's proportionate share of
the net pension liability: $ 35,977,139 $ 20,548,735 $ 7,526,056
71
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Pension Plan Fiduciary Net Position
Detailed information about the pension plan's fiduciary net position is available in the separately issued
IPERS financial report which is available on IPERS' website at www.iyers.org.
Payables to the Pension Plan
At June 30, 2016, there were no amounts due to IPERS.
7. Other Long-term Liabilities
Changes in Long -Term Liabilities -Notes Payable
Note Payable activity for the year ended June 30, 2016, was as follows:
Due Within
July 1, 2015 Issues Retirements June 30, 2016 One Year
Governmental activities: $ 211,000 $ - $ - $ 211,000 $ -
A note payable was issued to Greater Iowa City Housing Fellowship for the purchase of an 11 unit
apartment building for low income and disabled housing in the Peninsula Neighborhood. The terms of
the loan are 1%, interest only payments for twenty years with a final balloon payment of $211,000 due on
August 1, 2025.
Changes in Long -Term Liabilities -Employee Vested Benefits
Employee Vested Benefits activity for the year ended June 30, 2016, was as follows:
July 1, 2015
Issues
Retirements June 30, 2016
Due Within
On, vp.r
Governmental activities:
$
2,076.751
$
1.204.680
$
1.148252
$
2,133,179
$
11185,014
Business -type activities:
$
721,686
$
370,596
$
413,309
$
678,973
$
392,471
For the governmental activities, employee vested benefits are generally liquidated by the General Fund,
Community Development Block Grant Fund and Other Shared Revenue and Grants Fund.
72
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Changes in Long -Tem Liabilities -Landfill Closure Post -closure Care Costs
Landfill Closure Post -closure care activity for the year ended June 30, 2016, was as follows:
July 1, 2015
Issues
Retirements June 30, 2016
Due Within
One Year
Business -type activities: $ 7,573 257 $ 695,137 $ - $ 8268,394 $ -
In August 1993, the GASB issued Statement No. 18, Accounting for Municipal Solid Waste Landfill
Closure and Post -closure Care Costs (the Statement). Under these rules, in addition to operating
expenses related to current activities of the landfill, an expense provision and related liability are being
recognized based on the future closure and post -closure care costs that will be incurred near or after the
date the landfill no longer accepts waste. The recognition of these landfill closure and post -closure care
costs is based on the amount of the landfill used during the year.
The estimated liability for landfill closure and post -closure care costs as of June 30, 2016, is $8,268,394,
which is based on 50.4% usage (filled) of the landfill and is included in accrued liabilities within the
Sanitation Fund. It is estimated that an additional amount of approximately $8,137,149 will be recognized
as closure and post -closure care expenses between the date of the balance sheet and the date the landfill is
expected to be filled to capacity by the year ended June 30, 2025. The estimated total current cost of the
landfill closure and post -closure care costs at June 30, 2016, was determined by a licensed professional
engineer and approximated at $16,405,543. It is based on the amount that would be paid if all equipment,
facilities, and services required to close, monitor, and maintain the landfill were acquired as of June 30,
2016. These amounts are based on an estimated post -closure care and monitoring period of 30 years,
consistent with current State Department of Natural Resources regulations. However, the actual cost of
closure and post -closure care may be higher due to inflation, changes in technology, or changes in landfill
laws and regulations.
The City is required by federal and state laws and regulations to provide some form of financial assurance
to finance closure and post -closure care. The City will meet its financial assurance obligations through the
issuance of general obligation bonds. As of June 30, 2016, the Sanitation Fund had $13,074,225 in related
equity in pooled cash and investments, at fair value designated for satisfaction of closure and post -closure
costs. The City estimates that these cash reserves will only provide a fraction of the dollars needed to
close and monitor the landfill. The remaining portion of post -closure care costs, anticipated future
inflation costs and additional costs that might arise from changes in post -closure requirements (due to
changes in technology or more rigorous environmental regulations, for example) may need to be covered
by charges to future landfill users as well as City taxpayers.
73
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Changes in Long -Term Liabilities -Other Postemployment Benefits
Governmental activities:
Business -type activities:
Net OPEB Obligation
2015 Current Year June 30, 2016
$ 2,912,986
$ 1,056,655
$ 274,351
$ 38,547
$ 3,187,337
$ 1,095202
Plan Description: The City operates one self-funded medical and dental plan for all employees, which is
offered to current and retired employees and their dependents. All full-time employees who retire or
terminate/resign and their eligible dependents are offered the following post -employment benefit options:
Health insurance and dental insurance — The option of continuing with the City's health insurance
plan at the individual's expense. These benefits cease upon Medicare eligibility.
Life insurance — The option of converting the employee's City -paid policy to an individual policy at
the individual's expense with the City's life insurance carrier.
Long-term disability — For employees who terminate/resign and have been on the plan for a minimum
of one year, the option of converting the employee's City -paid group policy to a personal policy at the
individual's expense with the City's long-term disability insurance carrier.
The above options, while at the individual's own expense, are included within the City's overall insurance
package, which results in an implicit rate subsidy and an OPEB liability.
Funding Policy: The plan member's contribution requirements are established and may be amended by
the City. The City currently finances the benefit plans on a pay-as-you-go basis. For governmental
activities, this liability is expected to be liquidated by the General Fund.
Annual OPEB Cost and Net OPEB Obligation: The City's annual OPEB cost is calculated based on
the annual required contribution (ARC) of the City, an amount actuarially determined in accordance with
GASB Statement No. 45. The ARC represents a level of funding that, if paid on an ongoing basis, is
projected to cover normal costs each year and amortize any unfunded actuarial liabilities over a period not
to exceed 30 years.
74
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
The following table shows the components of the City's annual OPEB cost for the year ended June 30,
2016, the amount actually contributed to the plans, and changes in the City's net OPEB obligation:
Annual required contribution
$ 670,882
Interest on net OPEB obligation
138,937
Adjustment to annual required contribution
(136,952)
Annual OPEB costs
672,867
Contributions made (359,969)
Increase in net OPEB obligation 312,898
Net OPEB obligation beginning of year 3969,641
Net OPEB obligation end of year $ 4282,539
For calculation of the net OPEB obligation, the actuary has set the transition day as July 1, 2008. The end
of year net OPEB obligation was calculated by the actuary as the cumulative difference between the
actuarially determined funding requirements and the actual contributions for the year ended June 30,
2016.
The City's annual OPEB cost, the percentage of annual OPEB cost contributed to the plans and the net
OPEB obligation are summarized as follows:
Annual
Year Ended OPEB Cost
June 30, 2014 $ 649,497
June 30, 2015 $ 573,338
June 30, 2016 $ 672,867
Percentage of Annual
OPEB Cost
Net OPEB
Contributed from City
Obligation
52.5%
$3,614,449
38.0%
$3,969,641
53.5%
$4,282,539
Funded Status and Funding Progress: As of July 1, 2014, the most recent actuarial valuation date for
the period July 1, 2015 through June 30, 2016, the actuarial accrued liability was $5,150,697, with no
actuarial value of assets, resulting in an unfunded actuarial accrued liability (UAAL) of $5,150,697. The
covered payroll (annual payroll of active employees covered by the plans) was $35,972,442 and the ratio
of the UAAL to covered payroll was 14.3%. As of June 30, 2016, there were no trust fund assets.
Actuarial Methods and Assumptions: Actuarial valuations of an ongoing plan involve estimates of the
value of reported amounts and assumptions about the probability of events far into the future. Examples
include assumption about future employments, mortality, and the health care cost trend. Actuarially
determined amounts are subject to continual review as actual results are compared with past expectations
and new estimates are made about the future. Actuarial calculations of the OPEB plan reflect a long-term
perspective.
The required schedule of funding progress, presented as required supplementary information in the
section following the Notes to Financial Statements, will present multi-year trend information about
whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial
accrued liabilities for benefits.
75
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Calculations are based on the types of benefits provided under the terms of the substantive plan at the
time of each valuation and on the pattern of sharing of costs between the employer and plan members to
that point. The projection of benefits for financial reporting purposes does not explicitly incorporate the
potential effects of legal or contractual funding limitations on the pattern of cost sharing between the
employer and plan members in the future.
As of the July 1, 2014 actuarial valuation date, the actuarial cost method used is the entry -age normal
method. The actuarial assumption includes a 3.5% discount rate and an inflation rate of 3% per annum.
The projected annual medical trend rate is 9.0%. The ultimate medical trend rate is 5.0%. The medical
trend rate is decreased to 8.5% for year two and then reduced by 0.5% each year until reaching the 5.0%
ultimate trend rate.
Mortality rates for active employees and retirees are from the SOA RPH-2014 Total Dataset Mortality
table fully generational using Scale MP -2014. Annual retirement and termination probabilities were
developed from the retirement probabilities from the MFPRSI and IPERS pension plan turnover tables,
adjusted to be consistent with expected first fiscal year retirements.
Projected claim costs of the health plan is $758.33 per month for retirees and $683.33 for their spouses.
The salary increase rate was assumed to be 3.5% per year. The UAAL is being amortized as a level
percentage of projected payroll expenses over 30 years on an open basis.
8. Short Term Debt
Changes in Short -Term Liabilities -Notes Payable
Notes Payable activity for the year ended June 30, 2016, was as follows:
Due Within
July 1, 2015 Issues Retirements June 30, 2016 One Year
Governmental activities: $ 2,004.500 $ 420,000 $ 1,842,500 $ 582,000 $ 582.000
During FY16, the City entered into additional multiple short term loans totaling $420,000 and repaid
multiple short term loans totaling $1,842,500. The outstanding loans mature one year from the date of the
loan and bear interest rates ranging from 2% to 3.50%. The loans were used to fund the acquisition and
rehabilitation of single family homes as part of the UniverCity Neighborhood Partnership Program
(UniverCity). UniverCity is a cooperative effort of the City of Iowa City and the University of Iowa
dedicated to ensuring that the University of Iowa Campus and surrounding neighborhoods remain vital,
safe, affordable, and attractive places to live and work for both renters and homeowners. The short term
loans have been repaid and will be repaid with the proceeds from the sale of the rehabilitated homes.
Q
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
9. Fund Equity
Fund balances for the governmental funds are reported in classifications that comprise a hierarchy based
on the extent to which the government honors constraints on the specific purposes for which amounts in
those funds can be spent.
• The Nonspendable classification contains amounts not in spendable form or legally or
contractually required to be maintained intact.
• Restricted amounts contain restraint on their use externally imposed by creditors, grantors,
contributors, or laws or regulations of other governments; or imposed by law through
constitutional provisions or enabling legislation.
• Committed amounts can only be used for specific purposes imposed by formal action of the
government's highest level of decision-making authority. The highest level of decision-making
authority is the City Council and it takes a resolution to establish, modify or rescind a fund
balance commitment.
• Amounts intended to be used for specific purposes are Assigned. Assignments should not cause
deficits in the Unassigned fund balance. The Finance Director has been delegated authority by
the City Council through a resolution to assign amounts to be used for specific purposes.
• Unassigned fund balance is the residual classification for the General Fund. The General Fund is
the only fund that would report a positive amount in unassigned fund balance. Residual deficit
amounts of other governmental funds would also be reported as unassigned.
The City would use Restricted fund balances first, followed by Committed resources, and then Assigned
resources, as appropriate opportunities arise, but reserves the right to selectively spend Unassigned
resources first to defer the use of these other classified funds.
77
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Componenb of Fund Balance
Library Programs
756,858 - - -
- - - 756,858
Senior Center Programs
13,810 - - -
- - - 13,810
Replacement and Acquisition Reserves
33801 - - -
- - - 33801
Other Assigned
34,082
Bridge
Total Assigned
1,143,411 - - -
- - - 1,143,411
Cammunity
Other
Sireef and
Oexlopment
Shared
Traffic
Other
Employee
Black
Ra nue and
Control
Bou
Goemmmtal
General
Benefits
Grant
Grants
Construction
Service
Ful
Total
Nonspenxfaue
Perpetual Care Principal
$ fl,OW
$
$
$
$
$
$
$ fl9,000
Total Nonspendable
69,WU
fl9,000
Re ncicdfo:
Punic Safety
45$083
-
-
-
-
-
-
45$W3
Local Option Saks Tax
18,262,595
Gold So.ce
-
-
-
-
-
6,5]2,880
-
6,5]2,880
GO Bond Pmjeus
62,314
-
-
-
13,171,217
-
8,148,625
21,982,156
Slate Funding
-
-
-
5,834,682
-
-
-
5,834,682
Grant Agreonnent
-
-
448,892
152,415
-
-
-
W1,W7
ARorcubk Housing
-
-
-
1,000,000
-
-
-
1,000,000
Punic Safety Employee
Boneus
-
1,670,848
-
-
-
-
-
1,670,848
Other Restricted
191,760
124,888
541,910
858,558
Total ResNcted
18,974,752
1,670,848
4 ,M
7,111,985
1$171,217
6,512,88)
9,290,535
57,241,18)
CammAted to
Eoxagoncy Fund
4(D8,n94,fl58,M
-
-
-
-
-
-
Total Canmlted
4, 8,1(9
4flJo)
Assgned to:
Library Programs
756,858 - - -
- - - 756,858
Senior Center Programs
13,810 - - -
- - - 13,810
Replacement and Acquisition Reserves
33801 - - -
- - - 33801
Other Assigned
34,082
34,082
Total Assigned
1,143,411 - - -
- - - 1,143,411
Unassigned[ 23,365,918 23,365,918
Total Fund Balances $ 48,251,920 $ 1,610,848 $ 448,8)2 $ 7,111,985 $ 13,171,217 $ 6,512,88) $ 9,290,535 $ W,518,2i
10. Risk Management
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets;
workplace accidents, errors and omissions; and natural disasters. During fiscal year 1988 the City
established the Loss Reserve Fund, an internal service fund, to account for and finance its uninsured risks
of loss. During the year ended June 30, 2016 the City purchased property, liability, and workers'
compensation insurance under the program that provides for a $100,000 self-insured retention per
occurrence on property losses, a $500,000 self-insured retention per occurrence on liability, and a
$500,000 self-insured retention on workers' compensation losses. The liability insurance provides
coverage for claims in excess of the aforementioned self-insured retention up to a maximum of
$21,000,000 annual aggregate of losses paid. Settled claims have not exceeded this commercial coverage
in any of the past twenty eight fiscal years. The operating funds pay annual premiums to the Loss
Reserve Fund. Accumulated monies in the Loss Reserve Fund are available to cover the self-insured
retention amounts and any uninsured losses.
78
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
The Housing Authority Fund is insured under a separate policy with the Assisted Housing Risk
Management Association. The remaining funds participate in the Loss Reserve Fund. The funds make
payments to the Loss Reserve Fund based on actuarial estimates of the amounts needed to pay prior- and
current -year claims and to establish a reserve for catastrophic losses. The Fund's accrued liabilities
balance includes a claims liability at June 30, 2016 based on the requirements of GASB Statement No.
10, as amended, which requires that a liability for claims be reported if information prior to the issuance
of the financial statements indicates that it is probable that a liability has been incurred at the date of the
financial statements and the amount of the loss can be reasonably estimated. Changes in the Loss Reserve
Fund's claims liability amount for property, liability, and workers' compensation for the years ended
June 30, 2016 and 2015 are as follows:
Current -Year
Beginning -of- Claims and Balance at
Fiscal -Year Changes in Claim Fiscal
Liability Estimates Payments Year -End
2014-2015 $ 2,416,000 $ 1,133,000 $ 1,013,000 $ 2,536,000
2015-2016 2,536,000 827,000 874,000 2,489,000
Also, the City is partially self-insured, through stop -loss insurance, for employee health care coverage,
which is available to all of its permanent employees. This insurance provides stop -loss coverage for
claims in excess of $125,000 per employee with an aggregate stop -loss of $9,384,134. The operating
funds are charged premiums by the Loss Reserve Fund. The City reimburses a health insurance provider
for actual medical costs incurred, plus a claims processing\administrative fee. Changes in the Loss
Reserve Fund's claims liability amount for health care coverage for the years ended June 30, 2016 and
2015 are as follows:
79
Current -Year
Beginning -of-
Claims and
Balance at
Fiscal -Year
Changes in
Claim
Fiscal
Liability
Estimates
Payments
Year -End
2014 —2015 $ 581,000
$ 6,980,000
$ 6,993,000
$ 568,000
2015 —2016 568,000
7,035,000
7,253,000
350,000
79
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
11. Commitments and Contingencies
Contractual Commitments
The total outstanding contractual commitments as of June 30, 2016 are as follows:
Fund
Bridge, street and traffic
control construction
Other construction
Parking
Wastewater
Water
Sanitation
Airport
Developer Commitments
Project
Paving and bridge construction,
engineering design and consulting
Public works, culture & recreation, Economic Dev.,
Fire & Police, construction
Garage improvements and repair & maintenance
Sewer construction and south plant expansion
Water main construction
Landfill cell reconstruction
Runway grading and paving
Amount
U
32,220
50,133
158,133
10,279
227,369
25,731
$ 46,788,010
In order to encourage development within designated TIF districts, the City Council has approved
developer grants to 5 different projects. The grants are to be paid only after certain conditions have been
met by each project developer, and are to be paid over many years in the form of a rebate of a
predetermined percentage of future property taxes generated by the property. Currently, it is estimated
that outstanding commitments totaling $13,506,152 exist, of which $170,000 may be eligible to be paid in
the next fiscal year. These items are expensed in the period in which they are paid. No liability is
recognized due to the fact that the agreements are conditional and the payments are to be funded by future
property taxes receivable on the project and are subject to the City Council's right of non -appropriation
each fiscal year.
Lease Purchase Agreement
In June 2015 the City entered into a Lease Purchase Agreement to purchase the Harrison Street Parking
Ramp. The purchase price is not to exceed $16,000,000 and the first lease payment is anticipated to be on
June 1, 2018.
80
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
12. Contingent Liabilities
Litigation
The City is a defendant in a number of lawsuits arising principally from claims against the City for
alleged improper actions by City employees, with such lawsuits typically involving claims of improper
police action, unlawful taking of property by zoning, negligence, appeals of condemnations, and
discrimination. Total damages claimed are substantial; however, it has been the City's experience that
such actions are settled for amounts substantially less than claimed amounts. The City's management
estimates that the potential claims against the City, not covered by various insurance policies, would not
materially affect the financial condition of the City. The City has the authority to levy additional taxes
(outside the regular limit) to cover uninsured judgments against the City.
13. Subsequent Events
On August 1, 2016, the City of Iowa City called for redemption General Obligation Bonds, Series 2008B,
in the amount of $3,055,000. All outstanding bonds were redeemed with cash on hand.
On September 15, 2016, the City of Iowa City received capital loan notes for Taxable Urban Renewal
Revenue Capital Loan Notes, Series 2016E in the amount of $12,805,000. These notes were issued for an
urban renewal project.
14. New Governmental Accounting Standards Board (GASB) Standards
The Governmental Accounting Standards Board (GASB) has issued eight statements not yet implemented
by the City. The statements, which might impact the City's financial statements, are as follows:
Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other than Pension Plans, will
be effective for the fiscal year ending June 30, 2017. The objective of this Statement is to improve the
usefulness of information about postemployment benefits other than pensions (other postemployment
benefits or OPEB) included in the general purpose external financial reports of state and local
governmental OPEB plans for making decisions and assessing accountability.
Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than
Pensions, will be effective for fiscal year ending June 30, 2018. The primary objective of this Statement is
to improve accounting and financial reporting by state and local governments for postemployment
benefits other than pensions (other postemployment benefits or OPEB). It also improves information
provided by state and local governmental employers about financial support for OPEB that is provided by
other entities.
Statement No. 77, Tax Abatement Disclosures, will be effective for the fiscal year June 30, 2017. The
objective of this Statement is to improve financial reporting by giving users of financial statements
essential information that is not consistently or comprehensively reported to the public at present.
Disclosure of information about the nature and magnitude of tax abatements will make these transactions
more transparent to financial statement users.
81
CITY OF IOWA CITY, IOWA
NOTES TO FINANCIAL STATEMENTS (continued)
June 30, 2016
Statement No. 78, Pensions Provided through Certain Multiple -Employer Defined Benefit Pension Plans,
will be effective for fiscal year ending June 30, 2017. The objective of this Statement is to address a
practice issue regarding the scope and applicability of Statement No. 68, Accounting and Financial
Reporting for Pensions. The issue is associated with pensions provided through certain multiple -
employer defined benefit pension plans and to state or local governmental employers whose employees
are provided with such pensions.
Statement No. 79, Certain External Investment Pools and Pool Participants, will be effective for the fiscal
year ending June 30, 2017. The objective of this statement is to establish criteria for an external
investment pool to qualify for making the election to measure all of its investments at amortized cost for
financial reporting processes.
Statement No. 80, Blending Requirement for Certain Component Units — An amendment of GASB
Statement No. 14, will be effective for fiscal years ending June 30, 2017. The objective of this Statement
is to improve financial reporting by clarifying the financial statement presentation requirements for
certain component units. This Statement amends the blending requirements established in paragraph 53
of Statement No. 14, The Financial Reporting Entity, as amended.
Statement No. 81, Irrevocable Split -Interest Agreements, will be effective for fiscal year ending June 30,
2018. The objective of this Statement is to improve accounting and financial reporting for irrevocable
split interest agreements by providing recognition and measurement guidance for situations in which a
government is a beneficiary of the agreement.
Statement No. 82, Pension Issues — An amendment of GASB Statements No. 67, No. 68 and No. 73, will
be effective for fiscal year ending June 30, 2017. The objective of this statement is to address certain
issues that have been raised with respect to Statements No. 67, Financial Reporting for Pension Plans,
No. 68, Accounting and Financial Reporting for Pensions, No. 73, Accounting and Financial Reporting
for Pensions and Related Assets That Are Not within the Scope of GASB Statement 68, and Amendments
to Certain Provisions of GASB Statements 67 and 68.
The City's management has not yet determined the effect these statements will have on the City's
financial statements.
82
83
CITY OF IOWA CITY
BUDGETARY COMPARISON SCHEDULE
BUDGET AND ACTUAL - ALL GOVERNMENTAL FUNDS AND ENTERPRISE FUNDS
BUDGETARY BASIS
REQUIRED SUPPLEMENTARY INFORMATION
For the Year Ended June 30, 2016
(dollar amounts expressed in thousands)
Governmental
Fund Types Enterprise Fund
Actual Budgetary Types Actual Total Actual
Basis Budgetary Basis Budgetary Basis
Revenues:
Public safety
Property taxes
$ 52,021 $
- $
52,021
Tax increment financing taxes
1,027
-
1,027
Other city taxes
2,783
-
2,783
Special assessments
-
-
-
Licenses and permits
3,056
7
3,063
Intergovernmental
20,838
12,824
33,662
Charges for services
5,820
38,738
44,558
Use of money and property
837
1,469
2,306
Miscellaneous
3,322
661
3,983
Totalrevenues
89,704
53,699
143,403
Expenditures/Expenses:
Public safety
22,100
- 22,100
Public works
7,269
- 7,269
Health and social services
297
- 297
Culture and recreation
12,909
- 12,909
Community and economic development
7,794
- 7,794
General government
8,087
- 8,087
Debt service
15,016
- 15,016
Capital outlay
19,479
- 19,479
Business -type
-
49,347 49,347
Total expenditures/expenses
92,951
49,347 142,298
Excess (deficiency) of revenues over
(under) expenditures/expenses (3,247) 4,352 1,105
Other financing sources and uses, net 12,847 19,217
Net change in fund balances 9,600 23,569 33,169
Balances, beginning of year 76,325 83,475 159,800
Balances, end of year $ 85,925 $ 107,044 $ 192,969
See Note to Required Supplementary Information.
84
Budgeted Amounts
Final to Actual
Variance -
Positive
Original Final (Negative)
$ 52,034 $
52,034 $
(13)
1,020
1,020
7
2,786
2,786
(3)
1
1
(1)
1,515
1,515
1,548
30,466
41,166
(7,504)
43,444
44,916
(358)
1,936
1,936
370
2,846
4,870
(887)
136,048
150,244
(6,841)
22,668
22,999
899
7,815
8,321
1,052
284
314
17
13,332
13,781
872
6,486
12,214
4,420
8,835
8,873
786
13,208
15,210
194
36,301
56,598
37,119
49,058
61,379
12,032
157,987
199,689
57,391
(21,939) (49,445) 50,550
717
(8,063) (31,098) $ 64,267
136,907 159,800
8 128,844 8 128,702
85
CITY OF IOWA CITY
BUDGETARY COMPARISON SCHEDULE
BUDGET TO GAAP RECONCILIATION
REQUIRED SUPPLEMENTARY INFORMATION
For the Year Ended June 30, 2016
(dollar amounts expressed in thousands)
Govemmental Fund Types
Accrual Modified Accrual
Budget Basis Adjustments Basis
Revenues $
89,704 $
(2,611) $
87,093
Expenditures
92,951
(8,621)
84,330
Net
(3,247)
6,010
2,763
Other financing sources and uses, net
12,847
(6,118)
6,729
Beginning Fund Balances
76,325
701
77,026
Ending Fund Balances $
85,925 $
593 $
86,518
Enterprise Fund Types
Accrual Accrual
Budget Basis Adjustments Basis
Revenues $
53,699 $
5,746 $
59,445
Expenditures
49,347
3,848
53,195
Net
4,352
1,898
6,250
Other financing sources and uses, net
19,217
(14,174)
5,043
Beginning Fund Balances
83,475
262,946
346,421
Ending Fund Balances $
107,044 $
250.670 S
357,714
See Note to Required Supplementary Information.
0
City of Iowa City, Iowa
Note to Required Supplementary Information - Budgetary Reporting
For the Year Ended Jane 30, 2016
In accordance with the Code of Iowa, the City Council annually adopts a budget following required
public notice and hearing which includes all funds, except internal service funds and agency funds. The
budget basis of accounting is a modified accrual basis. The annual budget may be amended during the
year utilizing similar statutorily prescribed procedures.
Formal and legal budgetary control is based upon nine major classes of expenditures known as functions,
not by fund or fund type. These nine functions are: public safety, public works, health and social
services, culture and recreation, community and economic development, general government, debt
service, capital outlay and business -type. The legal level control is at the aggregated function level, not at
the fund or fund type level.
During the year, budget amendments increased budgeted revenues by $14,196,000 and expenditures by
$41,702,000. The budget amendments were primarily due to changes in the breadth and timing of capital
improvement projects, which the City budgets in full during the initial year of the projects and amends
future year budgets for carryover.
87
88
City of Iowa City, Iowa
Required Supplementary Information -Schedule of the City's Proportionate Share of the Net Pension Liability
Municipal h5re and Police Retirement System of Iowa
Last Fiscal Year*
(amounts expressed in thousands)
* In accordance with GASB Statement No. 68, the amounts presented for each fiscal year were determined as of
June 30 of the preceding fiscal year.
Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full
10 -year trend is compiled, the City will present information for those years fir which information is available.
89
2016
2015
City's proportion of the net pension liability
3.704972%
3.778137%
City's proportionate share of the net pension liability
$ 17,406
$ 13,696
City's covered -employee payroll
9,716
9,648
City's proportionate share of the net pension liability
as a percentage of its covered -employee payroll
179.15%
141.96%
Plan fiduciary net position as a percentage of the
total pension liability
83.04%
8627%
* In accordance with GASB Statement No. 68, the amounts presented for each fiscal year were determined as of
June 30 of the preceding fiscal year.
Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full
10 -year trend is compiled, the City will present information for those years fir which information is available.
89
City of Iowa City, Iowa
Required Supplementary Information - Schedule of the City's Contributions
Municipal Fire and Police Retirement System of Iowa
Last Fiscal Year
(amounts expressed in thousands)
Statutorily required contributions
Contributions in relation to the
statutorily required contribution
Contribution deficiency (excess)
City's covered -employee payroll
Contributions as a percentage of
covered -employee payroll
2016
$ 2,779
2015
$ 2,955
(2,779) (2,955)
$ 10,008 $ 9,716
27.77%
90
30.41%
2014
$ 2,906
2013
$ 2,383
(2,906) (283)
$ 9,648 $ 9,122
30.12% 26.12%
2012
2011
2010
2009
2008
2007
$ 2,277
$ 1,654
$ 1,336
$ 1,425
$ 1,893
$ 1,954
(2,277)
(1,654)
(1,336)
(1,425)
(1,893)
(1,954)
$ 9,197
$ 8,310
$ 7,860
$ 7,601
$ 7,430
$ 7,042
24.76%
19.90%
17.00%
18.75%
25.48%
27.75%
91
City of Iowa City, Iowa
Votes to Required Supplementary Information - Pension Liability
Municipal Fire and Police Retirement System of Iowa
Year ended June 30, 2016
Changes of benefit terms:
There were no significant changes of benefit terms.
Changes of assumptions:
Effective July 1, 2014, two additional steps were taken to phase in the 1994 Group Annuity Mortality
Table for post-retirement mortality. The two additional steps result in weighting of 1/12 of the 1971
Group Annuity Mortality Table and 11/12 of the 1994 Group Annuity Mortality Table.
92
City of Iowa City, Iowa
Required Supplementary Information -Schedule of the City's Proportionate Share of the Net Pension Liability
Iowa Public Employees' Retirement System
Last Fiscal Year`
(amounts expressed in thousands)
' In accordance with GASB Statement No. 68, the amounts presented for each fiscal year were determined as of
June 30 of the preceding fiscal year.
Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full
10 -year trend is compiled, the City will present information for those yews for which information is available.
93
2016
2015
City's proportion of the net pension liability
0.4159256%
0.4378904%
City's proportionate share of the net pension liability
$ 20,549
$ 17,366
City's covered -employee payroll
28,495
28,654
City's proportionate share of the net pension liability
as a percentage of its covered -employee payroll
72.11%
60.61%
Plan fiduciary net position as apercentage of the
total pension liability
85.19%
87.61%
' In accordance with GASB Statement No. 68, the amounts presented for each fiscal year were determined as of
June 30 of the preceding fiscal year.
Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full
10 -year trend is compiled, the City will present information for those yews for which information is available.
93
City of Iowa City, Iowa
Required Supplementary Information - Schedule of the City's Contributions
Iowa Public Employees' Retirement System
Last Fiscal Year
(amounts expressed in thousands)
Statutorily required contributions
Contributions in relation to the
statutorily required contribution
Contribution deficiency (excess)
City's covered -employee payroll
Contributions as a percentage of
covered -employee payroll
2016
$ 2,540
2015
$ 2,545
(2,540) (2,545)
$ 28,448 $ 28,495
8.93%
94
8.93%
2014
$ 2,559
2013
$ 2,442
(2,559) (2,442)
$ 28,654 $ 28,170
8.93% 8.67%
2012
2011
2010
2009
2008
2007
$ 2,327
$ 1,877
$ 1,780
$ 1,659
$ 1,522
$ 1,384
(2,327)
(1,877)
(1,780)
(1,659)
(1,522)
(1,384)
$ 28,833
$ 27,013
$ 26,764
$ 26,133
$ 25,151
$ 24,073
8.07%
6.95%
6.65%
6.35%
6.05%
5.75%
95
City of Iowa City, Iowa
Notes to Required Supplementary Information - Pension Liability
Iowa Public Employees' Retirement System
Year ended June 30, 2016
Changes of benefit terms:
Legislation passed in 2010 modified benefit terms for current Regular members. The definition
of final average salary changed from the highest three to the highest five years of covered
wages. The vesting requirement changed from four years of service to seven years. The
early retirement reduction increased from 3 percent per year measured from the member's
first unreduced retirement age to a 6 percent reduction for each year of retirement before
age 65.
Changes of assumptions:
The 2014 valuation implemented the following refinements as a result of a quadrennial
experience study:
• Decreased the inflation assumption from 3.25 percent to 3.00 percent
• Decreased the assumed rate of interest on member accounts from 4.00 percent to
3.75 percent per year.
• Adjusted male mortality rates for retirees in the Regular membership group.
• Moved from an open 30 year amortization period to a closed 30 year amortization
period for the UAL beginning June 30, 2014. Each year thereafter, changes in the
UAL from plan experience will be amortized on a separate closed 20 year period.
The 2010 valuation implemented the following refinements as a result of a quadrennial
experience study:
• Adjusted retiree mortality assumptions.
• Modified retirement rates to reflect fewer retirements.
• Lowered disability rates at most ages.
• Lowered employment termination rates
• Generally increased the probability of terminating members receiving a deferred
retirement benefit.
• Modified salary increase assumptions based on various service duration.
The 2007 valuation adjusted the application of the entry age normal cost method to better match
projected contributions to the projected salary stream in the future years. It also included in
the calculation of the UAL amortization payments the one-year lag between the valuation
date and the effective date of the annual actuarial contribution rate.
FZ
City of Iowa City, Iowa
Notes to Required Supplementary Information - Pension Liability
Iowa Public Employees' Retirement System
Year ended June 30, 2016
The 2006 valuation implemented the following refinements as a result of a quadrennial
experience study:
• Adjusted salary increase assumptions to service based assumptions.
• Decreased the assumed interest rate credited on employee contributions from 4.25
percent to 4.00 percent.
• Lowered the inflation assumption from 3.50 percent to 3.25 percent.
• Lowered disability rates for sheriffs and deputies and protection occupation
members.
97
City of Iowa City, Iowa
Required Supplementary Information — Schedule of Funding Progress for Health and Dental Plans
For the Year Ended June 30, 2016
Ml
UAAL As a
Actuarial
Actuarial
Actuarial
Percentage of
Valuation
Fiscal
Value of
Accrued
Unfunded AAL
Funded
Covered
Date
Year
Assets
Liability (AAL)
(UAAL)
Ratio
Covered Payroll
Payroll
July 1, 2010
June 30, 2011
$
$
6,893,438
$
6,893,438
0.00%
$
31,505,702
21.9%
July 1, 2012
June 30, 2013
$
$
7,163,715
$
7,163,715
0.00%
$
34,992,423
20.5%
July 1, 2014
June 30, 2015
$
$
5,150,697
$
5,150,697
0.00%
$
35,972,442
14.3%
Ml
NONMAJOR GOVERNMENTAL FUNDS
SPECIAL REVENUE FUNDS
Special Revenue Funds account for revenues derived from specific sources that are required to be
accounted for as separate funds. The funds in this category and their purpose are as follows:
Economic Development Fund — accounts for revenue and expenditures of economic development
activities.
Metropolitan Planning Organization of Johnson County Fund — accounts for the financial activities
of the metropolitan/rural cooperative planning organization.
CAPITAL PROJECT FUND
Capital Projects Funds are utilized to account for all resources used in the acquisition and construction of
capital facilities and other major fixed assets, with the exception of those that are financed by proprietary
fund monies. The fund in this category is as follows:
Other Construction Fund - accounts for the construction or replacement of other City general fixed
assets, such as administrative buildings with various funding sources, including general obligation bonds,
intergovernmental revenues, and contributions.
CITY OF IOWA CITY
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
Assets
Equity in pooled cash and investments
Receivables:
Property tax
Accounts and unbilled usage
Interest
Due from other governments
Restricted assets:
Equity in pooled cash and investments
Total assets
June 30, 2016
(amounts expressed in thousands)
$ 237 $
Capital
Special Revenue
Projects
Metropolitan
-
Planning
292
Organization
-
Economic ofJohnson
Other
Development County
Construction Total
$ 237 $
272 $
1,717 $
2,226
292
-
-
292
-
-
206
206
1
1
17
19
-
49
1,105
1,154
44
-
6,707
6,751
$ 574 $
322 $
9,752 $
10,648
Liabilities, Deferred Inflows of Resources and Fund Balances
Liabilities:
Accounts payable $ 46 $ 6 $ 113 $ 165
Contracts payable - - 230 230
Accruedliabilifies - 14 - 14
Liabilities payable from restricted assets:
Advances from grantors - - 47 47
Total liabilities
Deferred inflows of resources:
Unavailable revenues:
Succeeding year property taxes
Grants
Other
Total deterred inflows of resources
Fund balances:
Restricted
Total fund balances
Total liabilities, deferred inflows
of resources and fund balances
46 20 390 456
289 - 289
- 524 524
- - 89 89
289 613 902
239 302 8,749 9,290
239 302 8,749 9,290
$ 574 $ 322 $ 9,752 $ 10,648
100
CITY OF IOWA CITY, IOWA
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Revenues
Capital
Special Revenue
Projects
Metropolitan
Property taxes
Planning
- $
Organization
$ 1,292
Economic ofJohnson
Other
Development County
Construction Total
Revenues
1,030
(260)
Current
1,064
Property taxes
$ 1,292 $
- $
-
$ 1,292
Intergovernmental
30
293
3,082
3,405
Charges for services
-
-
395
395
Use of money and property
3
2
27
32
Miscellaneous
-
4
374
378
Total revenues
1,325
299
3,878
5,502
Expenditures
1,030
(260)
Current
1,064
Other Financing Sources (Uses)
Public safety
- - 57
57
Public works
- - 732
732
Culture and recreation
- - 219
219
Community and economic
-
-
development
295 559 158
1,012
General government
- - 102
102
Capital outlay
- - 2,316
2,316
Total expenditures
295 559 3,584
4,438
Excess (deficiency) of revenues over
(under) expenditures
1,030
(260)
294
1,064
Other Financing Sources (Uses)
Issuance of debt
-
-
3,054
3,054
Premium on issuance of bonds
-
-
143
143
Transfers in
-
270
2,017
2,287
Transfers out
(792)
-
(1,259)
(2,051)
Total other financing sources
and (uses)
(792)
270
3,955
3,433
Net change in fund balances
238
10
4,249
4,497
Fund Balances, Beginning 1 292 4,500 4,793
Fund Balances, Ending $ 239 $ 302 $ 8,749 $ 9,290
101
102
NONMAJOR ENTERPRISE FUNDS
Enterprise Funds account for operations and activities of the City that are financed and operated in a manner
similar to a private business enterprise, and where the costs of providing services to the general public on a
continuing basis are expected to be financed or recovered primarily through user charges, or where the City has
decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for
capital maintenance, public policy, management control, accountability, or other purposes. The funds in this
category are as follows:
Airport Fund — accounts for the operation and maintenance of the airport facility.
Cable Television Fund — accounts for the operation and maintenance of the Broadband Telecommunications
Commission that oversees the franchise agreement with the cable television company, including production and
broadcasting on the government television channels.
103
CITY OF IOWA CITY, IOWA
COMBINING STATEMENT OF NET POSITION
NONMAJOR ENTERPRISE FUNDS
June 30, 2016
(amounts expressed in thousands)
Liabilities
Current liabilities
Accounts payable
Cable
- 5
Contracts payable
Airport Television
Total
Assets
2
- 2
Current assets:
2
- 2
Equity in pooled cash and investments
$ 486 $ -
$ 486
Receivables:
Accounts and unbilled usage
27 -
27
Due from other governments
167 -
167
Total current assets
680 -
680
Noncurrent assets:
40
- 40
Restricted assets:
51
- 51
Equity in pooled cash and investments
111 -
111
Other post employment benefits asset
4 -
4
Capital assets:
Pension related deferred inflows
5
Land
12,158 -
12,158
Buildings
5,145 -
5,145
Improvements other than buildings
396 -
396
Machinery and equipment
281 -
281
Infrastructure
17,523 -
17,523
Accumulated depreciation
(7,725) -
(7,725)
Construction in progress
217 -
217
Total noncurrent assets
28,110 -
28,110
Total assets
28,790 -
28,790
Deferred Outflows of Resources
Pension related deferred outflows
7 -
7
Liabilities
Current liabilities
Accounts payable
5
- 5
Contracts payable
189
- 189
Accmedliabilifies
2
- 2
Employee vested benefits
2
- 2
Total current liabilities
198
- 198
Noncurrent liabilities:
Liabilities payable from restricted assets:
Deposits
10
- 10
Employee vested benefits
1
- 1
Net pension liability
40
- 40
Total noncurrent liabilities
51
- 51
Total fiabilifies
249
- 249
Deferred Inflows of Resources
Pension related deferred inflows
5
- 5
Net Position
Net investment in capital assets
27,995
- 27,995
Restricted for future improvements
100
- 100
Unrestricted
448
- 448
Total net position
$ 28,543 $
- $ 28,543
104
CITY OF IOWA CITY, IOWA
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND NET POSITION
NONMAJOR ENTERPRISE FUNDS
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Operating Revenues:
Charges for services
Miscellaneous
Total operating revenues
Operating Expenses:
Personal services
Commodities
Services and charges
Depreciation
Total operating expenses
Operating loss
Nonoperating Revenues:
Operating grants
Interest income
Total nonopemting revenues
Loss before capital contributions
and transfers
Capital contributions
Transfers in
Transfers out
Reassignment of Cable Television to governmental activities
Change in net position
Net Position, Beginning
Net Position, Ending
Cable
Airport Television Total
$ 333 $ - $ 333
3 3
336 336
72
- 72
171
- 171
393
- 393
636
- 636
975
- 975
1,611
- 1,611
(1,275)
- (1,275)
128 128
5 5
133 133
(1,142) - (1,142)
260 260
152 152
- (1,571) (1,571)
(82) (82)
(730) (1,653) (2,383)
29,273 1,653 30,926
$ 28,543 S - $ 28,543
105
CITY OF IOWA CITY, IOWA
COMBINING STATEMENT OF CASH FLOWS
NONMAJOR ENTERPRISE FUNDS
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Cable
Airport Television Total
Cash Flows From Operating Activities
Receipts from customers and users $ 338 $ - $ 338
Payments to suppliers (574) - (574)
Payments to employees (74) - (74)
Net cash flows used for operating activities (310) - (310)
Cash Flows From Noncapital Financing Activities
Operating grants received 317 - 317
Transfers from other funds 152 - 152
Transfers to other funds - (1,526) (1,526)
Repayment of advances from other funds (462) - (462)
Net cash flows from (used for) noneapital financing activities 7 (1,526) (1,519)
Cash Flows From Capital and Related Financing
Activities
Capital grants received 907 - 907
Acquisition and construction of property and equipment (122) - (122)
Net cash flows from capital and related financing
activities 785 - 785
Cash Flows From Investing Activities
Interest on investments
Net increase (decrease) in cash and cash equivalents
Cash and Cash Equivalents, Beginning
Cash and Cash Equivalents, Ending
Reconciliation of operating loss to net cash
Bows used for operating activities:
Operating loss
Adjustments to reconcile operating loss to
net cash flows from operating activities:
Depreciation expense
Changes in:
Receivables:
Accounts and unbilled usage
Accounts payable
Employee vested benefits
Deposits
Net pension liability
Deferred inflows of resources
Other post employment benefits asset/obligation
Total adjustments
Net cash flows used for operating activities
5 5
487 (1,526) (1,039)
110 1,526 1,636
$ 597 $ - $ 597
$ (1,275) $ - $ (1,275)
975 975
1 - 1
(10) (10)
1 - 1
6 6
(8) (8)
1 - 1
965 965
$ (310) $ - $ (310)
106
INTERNAL SERVICE FUNDS
Internal Service Funds account for goods and services provided by one department to other City departments
on a cost -reimbursement basis. The funds in this category are:
Equipment Maintenance Fund — accounts for the provision of maintenance for City vehicles and
equipment and vehicle rental to other City departments from a central vehicle pool.
Central Services Fund — accounts for the support services of photocopying, mail, overnight shipping, and
two-way radios provided to other City departments.
Loss Reserve Fund — accounts for the property, liability, Workers' Compensation and health insurance
premiums and claims activity for City departments, including the self-insured retention portion.
Information Technology Fund — accounts for the accumulation and allocation of costs associated with
telecommunications and data processing, including the operation and replacement of equipment.
107
CITY OF IOWA CITY
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
Assets
Current assets:
Equity in pooled cash and investments
Receivables:
Accounts and unbilled usage
Interest
Due from other governments
Inventories
Total current assets
Noncurrent assets:
Restricted assets:
Other post employment benefits asset
Capital assets:
Land
Buildings
Improvements other than buildings
Machinery and equipment
Infrastructure
Accumulated depreciation
Construction in progress
Total noncurrent assets
Total assets
Deferred Outflows of Resources
Pension related deferred outflows
Liabilities
Current liabilities:
Accounts payable
Accrued liabilities
Employee vested benefits
Total current liabilities
Noncurrent liabilities:
Employee vested benefits
Net pension liability
Other post employment benefits obligatior
Total noncurrent liabilities
Total liabilities
Deferred Inflows of Resources
Pension related deferred inflows
Net Position
Net investment in capital assets
Unrestricted
Total net position
June 30, 2016
(amounts expressed in thousands)
Equipment
Maintenance
Central
Services
Loss
Reserve
Information
Technology Total
$ 12,513
$ 673
$ 13,447
$ 2,650 $ 29,283
- - 144 - 144
30 2 34 7 73
43 - - - 43
471 - - 471
13,057 675 13,625 2,657 30,014
19 21 40
45
7
165
-
45
1,298
-
-
243
1,541
50
-
-
-
50
17,628
812
24
2,473
20,937
-
31
-
2,385
2,416
(11,496)
(260)
(23)
(2,800)
(14,579)
179
-
-
37
216
7,723
583
22
2,338
10,666
20,780
1,258
13,647
4,995
40,680
83 3 18 91 195
810
7
165
49
1,031
27
1
2,845
24
2,897
35
1
3
18
57
872
9
3,013
91
3,985
27
1
3
15
46
494
17
95
542
1,148
-
6
-
82
88
521
24
98
639
1,282
1,393
33
3,111
730
5,267
61 2 10 71 144
7,704 583 1 2,338 10,626
11,705 643 10,543 1,947 24,838
$ 19,409 $ 1,226 $ 10,544 $ 4,285 $ 35,464
108
CITY OF IOWA CITY, IOWA
COMBINING STATEMENT OF REVENUES, EXPENSES,
AND CHANGES IN FUND NET POSITION
INTERNAL SERVICE FUNDS
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Equipment Central Loss Information
Maintenance Services Reserve Technology Total
Operating Revenues
Charges for services
$ 5,577
$ 241
$ 9,083
$ 1,861 $
16,762
Total opem5ng revenues
5,577
241
9,083
1,861
16,762
Operating Expenses:
Personal services
876
35
202
993
2,106
Commodities
1,435
5
62
115
1,617
Services and charges
602
174
9,202
551
10,529
2,913
214
9,466
1,659
14,252
Depreciation
1,389
65
2
258
1,714
Total opem5ng expenses
4,302
279
9,468
1,917
15,966
Operating income( loss)
1,275
(38)
(385)
(56)
796
Nonoperating Revenues:
Gain on disposal of capital assets
291
-
-
3
294
Interest income
42
3
46
8
99
Total nonopemting revenues
333
3
46
11
393
Income (loss) before transfers 1,608 (35) (339) (45) 1,189
Transfers in 401 - - 127 528
Transfers out - - - (50) (50)
Change in net position 2,009 (35) (339) 32 1,667
Net Position, Beginning 17,400 1,261 10,883 4,253 33,797
Net Position, Ending $ 19,409 $ 1,226 $ 10,544 $ 4,285 $ 35,464
109
CITY OF IOWA CITY. IOWA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Cash Flows From Capital and Related
Equipment
Central
Loss
Information
Financing Activities
Maintenance
Services
Reserve
Technology
Total
Cash Flows From Operating Activities
Receipts from customers and users
$ 5,665 $
241
$ 8,997
$ 1,861 $
16,764
Payments to suppliers
(1,443)
(177)
(9,186)
(769)
(11,575)
Payments to employees
(904)
(36)
(472)
(1,016)
(2,428)
Net cash flows from (used for) operating activities
3,318
28
(661)
76
2,761
Cash Flows From Noncapital Financing
1,389
65
2
258
1,714
Activities
45
3
54
11
113
Transfers from other funds
401
-
-
127
528
Transfers to other funds
1,384
11
(607)
(50)
(50)
Net cash flows from noncapital financing
11.129
662
14,054
3.162
29,007
activities
401
673 $
13.447 $
77
478
Cash Flows From Capital and Related
Financing Activities
Acquisition and construction of property
and equipment
(2,673)
(20)
-
(679)
(3,372)
Proceeds from sale of property
293
3
296
Net cash flows used for capital and related
financing activities
(2,380)
(20)
(676)
(3,076)
Cash Flows From Investing Activities
1,389
65
2
258
1,714
Interest on investments
45
3
54
11
113
Net increase (decrease) in cash
and cash equivalents
1,384
11
(607)
(512)
276
Cash and Cash Equivalents, Beginning
11.129
662
14,054
3.162
29,007
Cash and Cash Equivalents, Ending
$ 12513 $
673 $
13.447 $
2.650 $
29,283
Reconciliation of operating income (loss)
to net cash flows from (used for) operating
activities:
Operating income (loss) $
1,275 $
(38) $
(385) $
(56) $
796
Adjustments to reconcile operating income
(loss) to net cash flows from (used for) operating
activities:
Depreciation expense
1,389
65
2
258
1,714
Changes in:
Receivables:
Accounts and unbilled usage
41
-
(86)
-
(45)
Due from other governments
47
-
-
-
47
Inventories
37
-
-
-
37
Accounts payable
557
2
78
(103)
534
Accrued liabilities
5
-
(265)
-
(260)
Employee vested benefits
7
(1)
-
(3)
3
Net pension liability
78
3
16
83
180
Deferred outflows of resources
2
-
(1)
-
I
Deferred inflows of resources
(104)
(4)
(21)
(112)
(241)
Other post employment benefits
asset/obligation
(16)
1
1
9
(5)
Total adjustments
2.043
66
(2_76)
132
1.965
Net cash flows from (used for) operating activities $
3.318 $
28 $
(661) S
76 $
2.761
110
AGENCY FUND
The Agency Fund accounts for assets held by the City in a trustee or custodial capacity for other entities,
such as individuals, private organizations, or other governmental units. The fund in this category is:
Project Green Fund — accounts for donations that are received to plant and develop yards and lawns, both
public and private, within Iowa City.
111
CITY OF IOWA CITY
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
AGENCY FUNDS
Project Green
Assets
Equity in pooled cash and investments
Total assets
Liabilities
Accounts payable
Due to agency
Total liabilities
For the Year Ended June 30, 2016
(amounts expressed in thousands)
Balance Balance
July 1, 2015 Increases Decreases June 30, 2016
$ 151 $ 77 $ 53 $ 175
$ 151 $ 77 $ 53 $ 175
$
5
$
10
$
5
$
10
146
67
48
165
$
151
$
77
$
53
$
175
112
Statistical
Section
Tabs
Statistical Section
This part of the City of Iowa City's comprehensive annual financial report represents detailed
information as a context for understanding what the information in the financial statements, note
disclosures, and required supplementary information says about the government's overall
financial health.
Contents
Page
Financial Trends 115
These schedules contain trend information to help the reader understand how
the government's financial performance and well-being have changed over
time.
Revenue Capacity 120
These schedules contain information to help the reader assess the
government's most significant local revenue source, the property tax.
Debt Capacity 130
These schedules present information to help the reader assess the
affordability of the government's current levels of outstanding debt and the
government's ability to issue additional debt in the future.
Demographic and Economic Information 140
These schedules offer demographic and economic indicators to help the
reader understand the environment within which the government's financial
activities take place.
Operating Information 142
These schedules contain service and infrastructure data to help the reader
understand how the information in the government's financial report relates
to the services the government provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive
annualfinancial reportfor the relevantyear.
113
114
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CITY OF IOWA CITY, IOWA
GENERAL GOVERNMENT TAX REVENUES BY SOURCE
Last Ten Fiscal Years
(Modified accrual basis of accounting)
(amounts expressed in thousands)
Fiscal
Local Option
Utility
Yeas Property Tax
Road Use Tax
Hotel/Motel Tax
Sales Tax'
Franchise Fee'
Total
2007 42,221
5,305
683
-
-
48,209
2008 44,101
5,432
734
-
-
50,267
2009 47,861
5,254
713
-
-
53,828
2010 50,256
5,525
699
8,141
47
64,668
2011 48,831
6,068
776
8,912
868
65,455
2012 51,374
6,394
811
8,644
822
68,045
2013 51,836
6,589
872
8,858
918
69,073
2014 51,331
6,745
967
466
1,031
60,540
2015 53,056
7,231
1,057
-
902
62,246
2016 53,878
8,320
1,079
-
874
64,151
1% Local Option Sales Tax went into effect 7/1/09
and will be effective through 6/30/13.
1 1% Utility Franchise Fee went into effect 4/1/10.
120
CITY OF IOWA CITY, IOWA
PROPERTY TAX RATES - DIRECT AND OVERLAPPING GOVERNMENTS
Last Ten Fiscal Yens
(per $1,000 assessed valuation)
Source: 'Tax Levies for Johnson County, Iowa," compiled by the Johnson County Auditor
Note:
Includes Johnson County, City of Iowa City Assessor, and Agricultural Extension levies
Tax rates are per $1,000 of assessed value.
122
Overlapping Rates
Total
City of Iowa City
Iowa City
Kirkwood
Direct &
Collection
Operating
Debt Service
Total City
Johnson
School
Community
State of
Overlapping
Year
Millage
Millsee
Millsee
Coun ,r
District
College
Iowa
Rates
2007
13.423
3.879
17.302
6.415
13.632
0.872
0.004
38.225
2008
13.511
3.786
17.297
6.823
13.852
0.855
0.004
38.831
2009
13.414
4.303
17.717
7.803
14.192
0.852
0.004
40.568
2010
13.634
4.219
17.853
7.708
14.191
0.840
0.003
40.595
2011
13.319
4.438
17.757
7.540
14.690
0.926
0.003
40.916
2012
13.193
4.649
17.842
7.320
14.591
0.999
0.003
40.755
2013
12.826
4443
17.269
7.075
14.073
1.079
0.003
39.499
2014
12.775
4030
16.805
7.077
13.688
1.065
0.003
38.638
2015
12.575
4.130
16.705
7.062
13.700
1.058
0.003
38.528
2016
12.822
3.829
16.651
7.228
13.868
1.061
0.003
38.811
Source: 'Tax Levies for Johnson County, Iowa," compiled by the Johnson County Auditor
Note:
Includes Johnson County, City of Iowa City Assessor, and Agricultural Extension levies
Tax rates are per $1,000 of assessed value.
122
CITY OF IOWA CITY, IOWA
PROPERTY TAX BUDGETS AND COLLECTIONS
Last Ten Fiscal Years
(Cash basis of accounting)
(amounts expressed in thousands)
Source: Certificate of City Taxes and Johnson County Treasurer's Office
Note: This schedule is presented on a cash basis of accounting. Taxes are collected by the Johnson County Treasurer and
submitted to the City in the following month. Because of the month delay, some years will show Current Tax Collections in
excess of the Total Tax Levied.
I Delinquent tax collection is presented by collection year, rather than levy year, because information is not available from
Johnson County Treasurer by levy year.
123
Percent of
Total as
Collection
Total Tax
Current Tax
Levy
Delinquent Tax
Total Tax
a Percent of
Year
Levied
Collections
Collected
Collectionsi
Collections
Levy
2007
39,094
38,947
99.6
13
38,960
99.7
2008
39,973
39,768
99.5
70
39,838
99.7
2009
43,168
43,118
99.9
18
43,136
99.9
2010
45,393
45,318
99.8
17
45,335
99.9
2011
47,789
47,826
100.1
8
47,834
100.1
2012
49,595
49,543
99.9
1
49,544
99.9
2013
50,407
50,139
99.5
3
50,142
99.5
2014
50,307
49,835
99.1
1
49,836
99.1
2015
51,609
51,292
99.4
3
51,295
99.4
2016
56,076
52,074
92.9
0
52,074
92.9
Source: Certificate of City Taxes and Johnson County Treasurer's Office
Note: This schedule is presented on a cash basis of accounting. Taxes are collected by the Johnson County Treasurer and
submitted to the City in the following month. Because of the month delay, some years will show Current Tax Collections in
excess of the Total Tax Levied.
I Delinquent tax collection is presented by collection year, rather than levy year, because information is not available from
Johnson County Treasurer by levy year.
123
CITY OF IOWA CITY, IOWA
PRINCIPAL TAXPAYERS
Sources:
ICity of Iowa City Assessor's Office - 2015 Annual Report
124
Current Year and Niue Years Ago
(amounts expressed in thousands)
2007
2016
% of Total
% of Total
Taxable
Taxable
Taxable
Taxable
Teo largest taxaaversr
Type of Business
Valuation
Rank
Valuadon
Valuadon
Rank
Valuadon
ACT Inc (Am College Testing Prgrm)
Educational Testing Service
$ 31,215
2
0.70 %
$ 47,639
1
L52
Mid -American Energy Company
Public Gas and Electric Utility
41,455
1
0.92
42,664
2
1.36
Ann Gerdin Trust(formerly Russell Gerdin)
Warehousing
-
-
N/A
22,803
3
0.73
Dealer PropertieslC LLC (Billion Auto)
Car Dealerships
-
-
N/A
18,889
4
0.60
Proctor & Gamble LLC
Manufacturing Company
-
-
N/A
16,414
5
0.52
Christian Retirement Services
Retirement Community
-
-
N/A
15,667
6
0.50
Midwestone Bank
Finanacial
-
-
N/A
15,014
7
0.48
Vesper Iowa City LL C
Real Estate Developer
-
-
N/A
14,027
8
OA5
Alpha Inc
Industrial
-
-
N/A
13,860
9
0.44
National Computer Systems (Pearson)
Information Services
16,016
6
0.36
12,815
10
0.41
Jame A and L orreta Clark
Apartments
27,586
3
0.62
-
-
N/A
Kolrin Deve Co Inc (S wthgate Dev Co)
Real Estate Developer
21,765
4
0.49
-
-
N/A
Plaza Towers LLC
Condo/Hotel/Commercial space
16,137
5
0.36
-
-
N/A
MEHSM LC(Sycarowe Mall)
Shopping Mall
14,610
7
0.33
-
-
N/A
United Natural Foods
WholesaleDistribution Company
12,948
8
0.29
-
-
N/A
Russell Gerdin
Trucking Company
11,164
9
0.25
-
-
NSA
University View Partners
Apartments
11,088
10
0.25
-
-
N/A
Total
$ 203,984
4.55 %
$ 219,792
7.01 40
Sources:
ICity of Iowa City Assessor's Office - 2015 Annual Report
124
125
CITY OF IOWA CITY, IOWA
PRINCIPAL WATER SYSTEM CUSTOMERS
Current Year and Nine Years Ago
Sources:
City oflowa City Revenue Division
126
2007
2016
Customer Name
Charges
Rank
Percentage
Charge
Rank
Percentage
Proctor & Gamble
$
635,147
I
7.55 %
$
673,690
I
7.69 %
Vets
138,495
2
1.65
104,250
2
1.19
Mercy Hospital
75,140
3
0.89
64,349
3
0.73
Campus Apartments
38,298
5
0.46
61,112
4
0.70
Mark IV Apts
45,574
8
0.54
53,473
5
0.61
Dolphin Lake Point (Rus Properties Mngmt)
62,170
6
0.74
50,139
6
0.57
University of Iowa (Mayflower Apartments)
-
-
N/A
46,061
7
0.53
Iowa City Community School District
-
-
N/A
43,465
8
0.50
CCAL 100 Hawk Ridge Drive
-
-
N/A
39,301
9
0.45
Oaknoll Retirement Residence
-
-
N/A
37,955
IO
0.43
Pollution Control
68,315
4
0.81
-
-
N/A
Roberts
54,615
7
0.65
-
-
N/A
Len Corp
44,200
9
0.53
-
-
N/A
Seville Apartments
35,448
10
O42
-
-
N/A
$
1,197,402
1413 %
$
1,173,795
13.40 %
Total Water System Charges
$
8,414,310
$
8,758,683
Sources:
City oflowa City Revenue Division
126
CITY OF IOWA CITY, IOWA
SALES HISTORY AND TOTAL WATER CHARGES
Last Ten Fiscal Years
Fiscal
Water Sales
Water System
Year
Cubic Feet Sold
Char¢es
2007
261,072,632
8,414,310
2008
249,361,929
7,976,536
2009
234,804,167
7,497,903
2010
234,342,825
7,568,378
2011
236,838,370
7,661,898
2012
246,618,257
7,953,738
2013
254,616,773
8,194,467
2014
239,790,719
7,778,364
2015
240,423,612
8,161,522
2016
255,524,943
8,758,683
Sources:
City of Iowa City Revenue Department
127
Customer Name
University of Iowa
Proctor & Gamble
Iowa City Landfill
Vets Hosiptal
Mercy Hospital
Dolphin Lake Point (Rus Properties Mngmt)
University of Iowa Mayflower
Campus Apartments
CCAL 100 Hawk Ridge Drive
Mark IV Apts
Roberts Dairy
Sheraton Hotel
Total Sewer System Charges
Sources:
City o£Iowa City Revenue Department
CITY OF IOWA CITY, IOWA
PRINCIPAL SEWER SYSTEM CUSTOMERS
Current Year and Nine Years Ago
$ 11,084,369
128
$ 12,022,203
2007
2016
Charges
Rauk
Perceutaee
Charge
Rank
Perceutaee
$ 2,173,296
1
19.61 %
$ 1,900,317
I
15.81 %
1,237,851
2
11.17
893,069
2
7.43
57,572
IO
0.52
219,432
3
1.83
193,077
3
1.74
119,193
4
0.99
124,590
5
1.12
102,693
5
0.85
102,653
6
0.93
76,609
6
0.64
68,318
8
0.62
73,827
7
0.61
90,091
7
0.81
72,228
8
0.60
-
-
N/A
68,909
9
0.57
-
-
N/A
58,512
IO
0.49
130,549
4
1.18
-
-
N/A
60,021
9
0.54
-
-
N/A
$ 4,238,018
3&23 %
$ 3,584,789
29.82 %
$ 11,084,369
128
$ 12,022,203
CITY OF IOWA CITY, IOWA
SALES HISTORY AND TOTAL SEWER CHARGES
Last Ten Fiscal Years
Fiscal
Sewer Sales
Sewer System
Year
Cubic Feet Sold
Char¢es
2007
315,199,203
11,084,369
2008
285,492,596
12,221,769
2009
276,455,246
12,499,949
2010
265,375,857
12,541,905
2011
280,303,237
12,748,695
2012
282,134,840
12,784,321
2013
285,472,392
12,883,641
2014
269,494,125
12,382,031
2015
266,830,947
12,278,153
2016
270,547,701
12,022,203
Sources:
City of Iowa City Revenue Department
129
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CITY OF IOWA CITY, IOWA
RATIO OF ANNUAL DEBT SERVICE EXPENDITURES FOR
GENERAL BONDED DEBT TO TOTAL GENERAL GOVERNMENTAL EXPENDITURES'
Fiscal Year
Ended
June 30
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Notes:
Principal
6,700
7,323
8,418
9,354
10,386
13,294
16,465
13,560
12,564
13,230
Last Ten Fiscal Years
(amounts expressed in thousands)
Interest
3,464
3,556
3,364
3,064
2,889
2,543
2,339
1,903
1,669
1,475
Total
Debt Service
10,164
10,879
11,782
12,418
13,275
15,837
18,804
15,463
14,233
14,705
Total
General
Governmental
Expenditures
and Transfers
93,639
99,178
102,607
108,950
120,424
119,242
129,814
104,394
111,632
112,832
1 General Fund, Special Revenue Funds, Debt Service Fund and Capital Projects Funds.
z Beginning in FY13, Taxable Urban Renewal Revenue Bonds are also included.
132
Ratio of Debt
Service to General
Expenditures
11 :
1.00
11 :
1.00
11 :
1.00
11 :
1.00
11 :
1.00
13 :
1.00
.14 :
1.00
.15 :
1.00
.13 :
1.00
.13 :
1.00
CITY OF IOWA CITY, IOWA
COMPUTATION OF DERECT AND OVERLAPPING DEBT
June 30, 2016
(amounts expressed in thousands, except per capita)
I Long term debt outstanding includes only GO debt.
City Property Assessed Value of 4,950,559 came from the Iowa Department of Management
3 Population for FY 16 of 74,220 came from the US Census Bureau
Source: Johnson County Auditor's Office.
Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City.
This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the
residents and businesses of Iowa City. This process recognizes that, when considering the City's ability to issue
and repay long-term debt, the entire burden borne by the residents and businesses should be taken into account.
However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of
each overlapping government.
133
Total General
Percent
Amount
Long -Term
Applicable
Applicable
Name of
Direct Debt
to the City of
to the City of
Debt/Actual
Governmental Unit
Outstandin¢
Iowa City
Iowa City
Market Value S
Per Capita
City of Iowa City
$ 58,700
100.00 %
$ 58,700
1.19 % $
790.8974
Iowa City Community
School Districts
6,320
56.83
3,591
0.07
48.3895
Johnson County'
12,690
42.23
5,359
0.11
72.1985
Clear Creek- Amami
Community School Districts
61,465
0.05
28
0.00
0.3815
Kirkwood Comm. College'
87,311
13.69
11,950
0.24
161.0026
Total
$ 226,486
$ 79,628
$
1,072.8695
Per capita assessed value
$
66,701
I Long term debt outstanding includes only GO debt.
City Property Assessed Value of 4,950,559 came from the Iowa Department of Management
3 Population for FY 16 of 74,220 came from the US Census Bureau
Source: Johnson County Auditor's Office.
Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City.
This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the
residents and businesses of Iowa City. This process recognizes that, when considering the City's ability to issue
and repay long-term debt, the entire burden borne by the residents and businesses should be taken into account.
However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of
each overlapping government.
133
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CITY OF IOWA CITY, IOWA
SCHEDULE OF REVENUE BOND COVERAGE
Last Ten Fiscal Years
(amounts expressed in thousands)
Fiscal
Year Net Revenue Annual Debt Service'
Ended Available for Ratio of
June30 Revenue Expenses' Debt Service Principal Interest Total Coverage
Parking Reveuue'
2007
5,035
2,973
2,062
335
626
961
2.15
2008
4,995
2,454
2,541
355
606
961
2.64
2009
5,630
3,024
2,606
370
584
954
2.73
2010'
5,509
3,149
2,360
390
504
894
2.64
2011
5,389
2,920
2,469
420
391
811
3.04
2012
4,945
3,034
1,911
500
339
839
2.28
2013
5,122
3,549
1,573
515
324
839
1.87
2014
5,365
2,969
2,396
530
308
838
2.86
2015'
5,620
3,828
1,792
540
254
794
2.26
2016
-
-
-
-
-
-
-
Wastewater Treatment Revenue
2007
13,708
4,236
9,472
3,905
3,234
7,139
1.33
2008'
13,332
4,581
8,751
4,105
3,071
7,176
1.22
2009'
13,462
5,202
8,260
4,260
2,813
7,073
1.17
2010'
13,174
5,050
8,124
4,205
2,307
6,512
1.25
2011'
13,281
5,477
7,804
1,840
2,054
3,894
2.00
2012
13,175
5,663
7,512
4,615
1,693
6,308
1.19
2013
13,301
5,340
7,961
4,865
1,547
6,412
1.24
2014
12,835
5,708
7,127
3,250
1,428
4,678
1.52
2015
12,620
6,574
6,046
3,370
1,305
4,675
1.29
2016
12,681
6,513
6,168
3,520
1,175
4,695
1.31
Water Revenues
2007
9,220
5,356
3,864
915
1,268
2,183
1.77
2008'
9,258
5,348
3,910
955
1,229
2,184
1.79
2009'
8,833
5,726
3,107
995
1,171
2,166
1.43
2010'
8,336
5,153
3,183
680
1,055
1,735
1.83
2011
8,354
5,464
2,890
1,110
902
2,012
1.44
2012'
8,649
5,653
2,996
1,200
861
2,061
1.45
2013'
9,342
6,348
2,994
845
758
1,603
1.87
2014'
8,613
5,818
2,795
1,335
650
1,985
1.41
2015
8,715
5,632
3,083
1,380
610
1,990
1.55
2016
9,323
5,387
3,936
1,715
579
2,294
1.72
Notes:
'Excludes depreciation and interest.
'Includes principal and interest of revenue bonds only.
' Parking Revenue bonds ratio of'Net Revenue Available for Debt Service" to "Total Annual Debt Service"
is required to be at least 1.25.
Wastewater Treatment Revenue bonds ratio of "Net Revenue Available for Debt Service" to "Total
Annual Debt Service" is required to be at least 1.10.
s Water Revenue bonds ratio of "Net Revenue Available for Debt Service" to "Total Annual Debt Service"
is required to be at least 1.10.
6Refimded Revenue Bonds paid are excluded from the principal of Annual Debt Service.
'Parking Revenue Bonds defeased are excluded from the principal and interest of Annual Debt Service.
136
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2U16
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Total
Fiscal Year
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Total
CITY OF IOWA CITY, IOWA
REVENUE DEBT ANNUAL MATURITY BY FUNDING SOURCE
Principal
$ 14,035,000
3,625,000
3,580,000
3,740,000
3,895,000
3,730,000
2,460,000
665,000
700,000
740,000
775,000
Sewer
Outstanding
Interest Total
$ 1,175,119
985,265
762,175
614,400
458,888
303,437
185,663
127,375
93,250
57,250
19,375
$ 15,210,119
4,610,265
4,342,175
4,354,400
4,353,888
4,033,437
2,645,663
792,375
793,250
797,250
794,375
$ 37,945,000 $ 4,782,197 $ 42,727,197
Principal
$ 5,505,000
1,465,000
1,455,000
1,510,000
1,565,000
1,630,000
1,690,000
1,755,000
1,280,000
1,325,000
835,000
$ 20,015,000
Water
Outstanding
Interest
$ 567,215
517,837
452,815
401,903
347,565
288,809
225,790
158,995
103,763
60,169
18,788
$ 3,143,649
138
(continued)
Total
$ 6,072,215
1,982,837
1,907,815
1,911,903
1,912,565
1,918,809
1,915,790
1,913,995
1,383,763
1,385,169
853,788
$ 23,158,649
CITY OF IOWA CITY, IOWA
REVENUE DEBT ANNUAL MATURITY BY FUNDING SOURCE (continued)
139
Taxable Urban Renewal
Outstanding
Fiscal Year
Principal
Interest
Total
2016
$ 130,000
$ 75,335
$ 205,335
2017
130,000
74,035
204,035
2018
135,000
72,345
207,345
2019
135,000
70,185
205,185
2020
140,000
67,485
207,485
2021
140,000
64,545
204,545
2022
145,000
61,325
206,325
2023
150,000
57,845
207,845
2024
150,000
53,945
203,945
2025
155,000
49,745
204,745
2026
160,000
45,095
205,095
2027
165,000
39,975
204,975
2028
170,000
34,365
204,365
2029
175,000
28,245
203,245
2030
185,000
21,770
206,770
2031
190,000
14,925
204,925
2032
200,000
7,800
207,800
2033
-
-
-
Total
$ 2,655,000
$ 838,965
$ 3,493,965
139
140
CITY OF IOWA CITY, IOWA
DEMOGRAPHIC AND ECONOMIC STATISTICS
LastTen Calendar Years
Per Capita
Caladar
Personal
Personal Average
School
Unumploymat
Retail
Year Poeelad
Incomes
Incomes Increase
Enrollment°
Rate'
Sales,
2007 67,062
5,677,628
38,854 6.13
12,824
2.9
934,971,428
2008 67,831
6,062,777
40,745 4.87
12,911
3.1
958,509,729
2009 69,086
6,180,244
40,779 0.08
13,049
4.3
905,139,461
2010 67,862
6,280,167
41,048 0.66
13,319
5.0
725,329,723
2011 68,947
6,779,334
43,631 6.29
13,638
4.8
741,407,021
2012 68,947
7,155,456
45,222 3.65
13,862
4.1
767,122,555
2013 70,133
7,361,108
45,673 1.00
14,057
3.8
793,201,342
2014 71,591
7,483,942
45,535 -0.30
14,162
3.5
649,794,164
2015' 73,415
7,790,020
47,397 4.09
14,495
2.9
838,853,686
2016' 74,220
8,038,105
48,907 3.18
15,186
3.2
853,258,347
Sources and Nota:
'Personal Income and Per Capita Personal Incomebased
on metropolitan Iowa City / Coralville and based on figures from
Bureau of
Economic Analysis. Personal Income expressed in thousands.
Iowa City Community School District and local
private schools
3 Iowa Workforce Development Center
4 Iowa Retail Sales& Use Report, Iowa Department of Revenue and Finance. Fiscal year ending Match 31.
'Personal Income and Per Capita Personal lncomefor
2015 and
2016 not available. Amounts projected based on average increase over previous
9 years.
.US Census Bureau
140
CITY OF IOWA CITY, IOWA
PRINCIPAL EMPLOYERS
Current Year and Nine Yens Ago
Total Employees
Sources:
Iowa City Area Development Group
38.8 %
Note:
Total number of employees is not available for 2007; percentage of total city employment by employer is not presented.
141
2007
2016
Emplovera
Emplovees
Rank
Emplovees
Rank
Percentage
University of Iowa
25,493
1
27,354
1
26.9 %
Iowa City Community School District
1,200
5
2,346
2
2.3
Veterans Administration Medical Center
1,232
4
1,562
3
1.5
Mercy Hospital
1,262
3
1,559
4
1.5
ACT Inc (formerly American College Testing Program)
1,426
2
1,350
5
1.3
NCS Pearson
1,101
6
1,200
6
1.2
Hy -Vee
977
7
1,166
7
LI
City of Iowa City
625
9
1,108
8
LI
Systems Unlimited
-
-
890
9
0.9
International Automotive Components (formerly Len Corp)
772
8
750
to
0.7
Proctor & Gamble
514
to
-
-
N/A
Total Employees
Sources:
Iowa City Area Development Group
38.8 %
Note:
Total number of employees is not available for 2007; percentage of total city employment by employer is not presented.
141
CITY OF IOWA CITY, IOWA
FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION
Last Ten Fiscal Years
Full -Time Equivalent Employees as of June 30
2007 2008 2009 2010 2011 2012 2013
Public Safety
Police
96.25
96.25
103.25
103.25
98
97
103
Animal Shelter
6
6
6
6
6
6
-
Fire
57
57
57
57
66
65
65
Inspection Services
14.88
15.38
15.55
15.55
15.55
15.55
15.55
Public Works
Public Works Admin
2
2
2
2
2
2
2
Engineering
11.6
11.35
11.35
11.35
12.1
12.1
12.1
Flood Recovery
-
-
-
-
0.4
0.4
0.4
Culture and Recreation
Parks and Rec Admin
2
2
2
2
2
2
2
Recreation
15.42
15.42
15.42
15.42
15.42
15.42
15.42
Parks
13
13
13
13
13
13
13
Forestry
3
3
3
3
3
3
3
Cemetery
3
3
3
3
3
3
3
CBD Maintenance
3
3
3
3
3
3
3
Library
42.89
43.14
43.14
43.14
43.14
43.64
43.63
Senior Center
6.31
6.31
6.31
6.31
6.31
6.5
6.5
Community and Economic Development
8.45
8.95
9.05
9.05
9.1
9.1
8.4
General Government
City Council
7
7
7
7
7
7
7
City Clerk
4
4
4
4
4
4
4
City Attorney
6.6
6.6
6
6
5.6
5.6
5.6
City Manager
3
3
3
3
3
3
5
Personnel
4
4
4
4
4
4
4
Human Rights
2.5
2.5
2.5
2.5
2.5
2.5
2
Finance
26.75
26.5
26.3
26.3
26.24
27.53
23.47
Government Buildings
4.96
4.96
4.96
4.96
4.96
4.83
4.83
Energy Conservation
0.5
0.25
025
0.25
-
-
-
Transi?
50.5
54.75
58.5
58.5
56.25
56.25
-
Special Revenue
Employee Benefits
0.39
0.29
0.29
0.29
0.26
0.55
0.55
CIP/Roads
2
1
2
2
-
-
-
Flood Mitigation Grants
-
-
-
-
1.6
1.6
-
Community Development
4.35
3.98
3.88
3.88
3.83
3.83
3.33
UniverCity Program
-
-
-
-
-
-
0.2
Traffic Engineering
4.15
4.15
4.15
4.15
4.15
4.15
4.15
Streets
23.5
23.5
25.5
25.5
25.5
25.5
25.5
MPOJC (formerly JCCOG)
6.6
6.6
6.6
6.6
6.6
6.6
5.6
Other Shared Revenues
-
-
-
-
-
-
1.6
Library Development
I
I
1
1
1
1
I
Capital Project Administration
-
-
-
-
3
5
6
Internal Service Funds
Information Technology
12
12.3
12.3
12.3
11.3
11.8
10.86
Equipment
11.26
11.26
11.26
11.26
11.26
11.26
10.75
Central Services
0.75
0.75
0.75
0.75
0.75
0.75
0.76
Risk Management
1.38
1.73
1.93
1.93
2.01
1.8
1.8
Business -Type Activities
Parking
32.75
32.75
33.25
3325
32.75
32.75
29.25
Mass Transit3
-
-
-
-
-
-
51.75
Wastewater Treatment
25.5
25.5
25.6
25.6
25.6
25.4
25.4
Water
32
32.75
32.75
32.75
32.75
32.75
32.75
Sanitation
33.85
34.85
34.85
35.85
35.85
37.85
37.85
Airport
1.6
1.6
1.75
1.75
1.75
1.75
l
Cable Television°
6.19
6.19
6.44
6.44
6.69
6.63
6.63
Stmmwater
1
2
1.9
1.9
1.9
2.1
2.1
Housing Authority
13.25
13.25
13.25
13.25
13.25
13.25
13.18
Total
608.13
614.81
629.03
630.03
633.37
637.74
623.91
Source: City's Financial Plan
142
2014
2015
2016
105
105
105
65
64
64
13.55
13.55
12.85
2
2
2
12.1
12.1
12
0.38
-
-
2
2
2
15.42
15.42
14.42
13
13
13
3
3
3
3
3
3
3
3
3
45.13
45.13
44.77
6.5
6.5
6.5
8.95
8.95
10.8
7
7
7
4
4
4
5.6
5.6
5.5
6
6
10.5
3
3
3
2
2
2
23.97
22.47
23.07
4.83
4.83
5.33
0.55
0.55
0.55
2.98
2.98
2.83
4.15
4.15
3.9
25.5
25.5
25.25
5.6
5.6
4.7
1.62
-
-
6
5
4
9.86
9.86
9.86
10.75
10.75
10.75
0.5
0.5
0.5
1.8
1.8
1.8
26.25
26.25
23.13
5125
5125
51.13
24.4
24.65
24.65
31.75
32
32
35.85
35.85
33.35
l
l
l
6.63
5.63
-
2.1
2.6
2.6
12.19
10.19
10.19
615.16
607.66
598.93
I Beginning in FY13, Animal Services is reported under Police
2 Beginning in FY13, Communications Division has been moved from Finance to City Manager
3 Beginning in FY13,'I7ansit was moved finm the General Fund to an Enterprise Fund
°Beginning in FY16, Cable was moved from an Enterprise Fund to the General Fund
143
Source: Various city divisions
leGS[:?
u Numbers are based on a calendar year and 2016 figures are compiled through 10/05/16.
°Numbers are based on a calendar year and 2016 figures are compiled through 10/12/16.
Numbers for FY07 and after are based on both the Nath and South Wastewater Plants.
144
CITY OF IOWA CITY, IOWA
OPERATING
INDICATORS BY FUNCTION
Last Ten Fiscal
Years
2M
2011
2012
2014
2007
2016
2009
2010
2013
2015
Public Safety
Police'
Physical arrests
6,505
6,434
6,486
5,983
6,590
5,911
4,468
6,192
5,595
4,246
Traffic Violafions
6,684
5,827
4,460
4,446
3,403
3,761
2,499
3,718
3,356
2,188
Fire
Number ofcalls answered
4,136
4,257
4,152
4,472
4,635
5,173
4,713
5,828
6,016
5,473
Inspections conducted
1,495
1,712
1,959
2,145
1,806
1,970
1,431
2,032
1,903
1,975
Parking
Parking Violations
166,187
147,673
126,050
118,717
109,553
96,117
88,909
6,680
65,196
57,549
Wastewater Treatment
Daily average treatment
in million gallons'
9A3
12.81
1234
12.86
1037
828
9.84
M02
996
10
Maximum daily capacity
ofpiant in million gallons
40A
41.0
4L0
41.1
41.1
41.1
41.1
41.1
433
433
Number of sewer system
customers
22,481
22,909
23,161
23,344
23,527
23,529
24,059
24,389
24,533
25,085
Water
Daily average consumption
in million gallons
5.52
5.48
5.51
5.48
5.51
5.49
5.54
5.64
5.33
5.32
Maximum daily capacity of
plant in million gallons
169
16.7
16.7
169
16.7
16.7
169
16.7
16.7
169
Customers by Classification
Residential
22,973
23,097
23,391
23,657
23,875
24,086
24,442
24,790
23,089
23,638
Commercial
1,448
1,465
1,494
1,481
1,498
1,489
1,491
1,491
1,409
1,415
Industrial
13
14
15
15
15
15
15
15
14
14
Other
137
138
144
153
156
200
204
202
135
131
Total Customers
24,571
24,714
25,044
25,306
25,544
25,790
26,152
26,498
24,647
25,198
Sanitation
Number of Customers
14,556
14,574
14,700
14,831
14,926
15,030
15,177
15,331
14,811
15,620
Tonnage
8,722
8834
8,747
8,869
8,%9
8,935
8,956
9,160
9,210
9,476
Landfill
Tonnage
135,315
132,760
140,810
150,369
147,265
148,953
111,445
115,624
123,692
126,875
Source: Various city divisions
leGS[:?
u Numbers are based on a calendar year and 2016 figures are compiled through 10/05/16.
°Numbers are based on a calendar year and 2016 figures are compiled through 10/12/16.
Numbers for FY07 and after are based on both the Nath and South Wastewater Plants.
144
145
CITY OF IOWA CITY, IOWA
CAPITAL ASSETS BY FUNCTION
Last Ten Fiseal Years
2007
2009 2010
2011
2013
2008
2012
2014
2016
2015
Pubfic Safety
Police
Stafioas
1
1
1 1
1
1
1
1
1
1
PaboA units
17
17
17 18
18
18
18
20
20
20
Fire
Stafions
3
3
3 3
3
4
4
4
4
4
Fire apparatus
8
9
9 9
9
11
11
11
11
10
Public Works
Streets
Miles
268
269
270 272
272
275
276
279
281
283
Streetlights
3,395
3,403
3,408 3,410
3,412
3,412
3,412
3,412
3,412
3,412
Culture and Recreation
Library
1
1
1 1
1
1
1
1
1
1
Cemetery
1
1
1 1
1
1
1
1
1
1
Acreage
40
40
40 40
40
40
40
40
40
40
Parke
61
61
61 40
41
41
42
43
46
46
Acreage
1,600
1,603
1,603 1,335
1,354
1,441
1,506
1,897
1,897
1,902
Recreation
Reaeafion centers
2
2
2 2
2
2
2
2
2
2
Swimming pools
3
3
3 3
3
3
3
3
3
3
Ball diamonds
29
31
30 30
30
30
27
27
27
27
Tennis courts
12
12
12 12
12
12
12
12
12
12
Soccer fields
25
25
20 20
20
20
20
20
20
20
Parking
Fadlities
5
5
5 5
5
5
5
5
5
5
Spaces
3,100
3,085
3,086 3,086
3,086
3,086
3,086
3,086
3,086
3,086
Wastewater Treatment
Miles of sanitary sewer
286
288
289 291
292
294
295
298
300
301
Miles of stain sewer
117
118
120 122
124
127
128
131
133
136
Number of treatment plants
2
2
2 2
2
2
2
1
1
1
Number ofservice connectors
22,481
22,576
22,875 23,093
23,308
23,529
23,851
24,175
24,533
25,085
Water
Miles of water mains
260
262
263 264
264
266
268
271
273
275
Number of city owned fire hydrants
2,569
2,575
2,635 2,662
2,680
2,735
3,330
3,385
3,415
3,447
Sanitation
Landfills
1
1
1 1
1
1
1
1
1
1
Acreage
200
395
395 395
395
411
411
411
418
418
Soatuo: Various city divi9 ons.
145
146
Compliance
Section
Tab
Eid�� lly
GPA & BUSI]FSS ADVISORS
Independent Auditor's Report on Internal Control over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards
To the Honorable Mayor and
Members of the City Council
City of Iowa City, Iowa
We have audited, in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States, the financial statements of the governmental
activities, the business -type activities, each major fund, and the aggregate remaining fund information of
the City of Iowa City, Iowa, (City) as of and for the year ended June 30, 2016, and the related notes to the
financial statements, which collectively comprise the City's basic financial statements, and have issued
our report thereon dated December 12, 2016.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City's internal control
over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the
purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do
not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination
of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement
of the City's financial statements will not be prevented, or detected and corrected on a timely basis. A
significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less
severe than a material weakness, yet important enough to merit attention by those charged with
governance.
Our consideration of internal control over financial reporting was for the limited purpose described in the
first paragraph of this section and was not designed to identify all deficiencies in internal control over
financial reporting that might be material weaknesses or significant deficiencies. Given these limitations,
during our audit we did not identify any deficiencies in internal control that we consider to be material
weaknesses. However, material weaknesses may exist that have not been identified.
147
www.eideboilly.com
1545 Associates Dr., Ste. 101 1 Dubuque, IA 52002-2299 1 T 563.556.1790 1 F 563.557.7842 1 EOE
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City's financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The
results of our tests disclosed no instances of noncompliance or other matters that are required to be
reported under Government Auditing Standards.
Comments involving statutory and other legal matters about the City's operations for the year ended
June 30, 2016, are based exclusively on knowledge obtained from procedures performed during our audit
of the financial statements of the City and are reported in Part IV of the accompanying Schedule of
Findings and Questioned Costs. Since our audit was based on tests and samples, not all transactions that
might have had an impact on the comments were necessarily audited. The comments involving statutory
and other legal matters are not intended to constitute legal interpretations of those statutes.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance
and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal
control or on compliance. This report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering the City's internal control and compliance. Accordingly,
this communication is not suitable for any other purpose.
SGT
Dubuque, Iowa
December 12, 2016
148
Eid�� lly
CPAs & BUSI]FSS ADVISORS
Independent Auditor's Report on Compliance for Each Major Federal Program and
Report on Internal Control over Compliance Required by the Uniform Guidance
To the Honorable Mayor and
Members of the City Council
City of Iowa City, Iowa
Report on Compliance for Each Major Federal Program
We have audited the City of Iowa City, Iowa's (City) compliance with the types of compliance
requirements described in the OMB Compliance Supplement that could have a direct and material effect
on each of the City's major federal programs for the year ended June 30, 2016. The City's major federal
programs are identified in the summary of auditor's results section of the accompanying schedule of
findings and questioned costs.
Management's Responsibility
Management is responsible for compliance with federal statutes, regulations, and the terms and conditions
of its federal awards applicable to its federal programs.
Auditor's Responsibility
Our responsibility is to express an opinion on the compliance for each of the City's major federal
programs based on our audit of the types of compliance requirements referred to above. We conducted
our audit of compliance in accordance with auditing standards generally accepted in the United States of
America; the standards applicable to financial audits contained in Government Auditing Standards, issued
by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance
require that we plan and perforin the audit to obtain reasonable assurance about whether noncompliance
with the compliance requirements referred to above that could have a direct and material effect on a major
federal program occurred. An audit includes examining, on a test basis, evidence about the City's
compliance with those requirements and performing such other procedures as we considered necessary in
the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for each major
federal program. However, our audit does not provide a legal determination of the City's compliance.
Opinion on Each Major Federal Program
In our opinion, the City of Iowa City, Iowa, complied, in all material respects, with the compliance
requirements referred to above that could have a direct and material effect on each of its major Federal
programs for the year ended June 30, 2016.
149
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1545 Associates Dr., Ste. 101 1 Dubuque, IA 52002-2299 1 T 563.556.1790 1 F 563.557.7842 1 EOE
Report on Internal Control over Compliance
Management of the City is responsible for establishing and maintaining effective internal control over
compliance with the compliance requirements referred to above. In planning and performing our audit of
compliance, we considered the City's internal control over compliance with the types of requirements that
could have a direct and material effect on each major federal program to determine the auditing
procedures that are appropriate in the circumstances for the purpose of expressing an opinion on
compliance for each major federal program and to test and report on internal control over compliance in
accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the
effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the
effectiveness of the City's internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a
federal program on a timely basis. A material weakness in internal control over compliance is a
deficiency, or combination of deficiencies, in internal control over compliance, such that there is a
reasonable possibility that material noncompliance with a compliance requirement will not be prevented,
or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance
is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of
compliance requirement of a federal program that is less severe than a material weakness in internal
control over compliance, yet important enough to merit attention by those charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control that might be
material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control
over compliance that we consider to be material weaknesses. However, material weaknesses may exist
that have not been identified.
The purpose of this report on internal control over compliance is solely to describe the scope of our
testing of internal control over compliance and the results of that testing based on the requirements of the
Uniform Guidance. Accordingly, this report is not suitable for any other purpose.
"/L7"
Dubuque, Iowa
December 12, 2016
150
City of Iowa City, Iowa
Schedule of Expenditures of Federal Awards
Year Ended June 30, 2016
U.S. Department of Housing and Urban Development:
Direct program:
Community Development Block Grants/
Entitlement Grants 14.218 343,080 153,049
Community Development Block Grants/
Entitlement Grants 14.218 341,521 147,657
FRA (,nl Inn 7n(,
Pass-through program from:
Federal
Pass -Through
Amounts Passed -
Federal Grantor/Pass-Through
CFDA
Entity Identifying
Federal
Through to
Grantor/Program or Cluster Title
Number
Number
Expenditures
Subrecipients
Grants in Hawaii
14.228
08 -DRI -271
U.S. Department of Agriculture:
Community Development Block Grants/
Pass-through program from:
Grants in Hawaii
Iowa Department of Agriculture:
08 -DRI -273
487,825 -
Community Development Block Grants/
Specialty Crop Block Grant
State's Program and Non -Entitlement
Program - Farm Bill
10.170
15SCBGPIA0001
$ 8,189
$ 8,189
Specialty Crop Block Grant
State's Program and Non -Entitlement
Program - Farm Bill
10.170
12-25-B-1670
1,831
1,831
08-DRH-210
349 -
Community Development Block Grants/
10,020
10,020
U.S. Department of Housing and Urban Development:
Direct program:
Community Development Block Grants/
Entitlement Grants 14.218 343,080 153,049
Community Development Block Grants/
Entitlement Grants 14.218 341,521 147,657
FRA (,nl Inn 7n(,
Pass-through program from:
Iowa Economic Development Authority:
Community Development Block Grants/
State's Program and Non -Entitlement
Grants in Hawaii
14.228
08 -DRI -271
2,033,182 -
Community Development Block Grants/
State's Program and Non -Entitlement
Grants in Hawaii
14.228
08 -DRI -273
487,825 -
Community Development Block Grants/
State's Program and Non -Entitlement
Grants in Hawaii
14.228
08-DRIEF-276
403,898 -
Community Development Block Grants/
State's Program and Non -Entitlement
Grants in Hawaii
14.228
08-DRH-210
349 -
Community Development Block Grants/
State's Program and Non -Entitlement
Grants in Hawaii
14.228
08-DRH-010
201 -
2,925,455 -
151
Federal
Federal Grantor/Pass-Through CFDA
Grantor/Program or Cluster Title Number
U.S. Department of Housing and Urban Development: (continued)
Direct program:
Home Investment Partnerships Program 14.239
Home Investment Partnerships Program 14.239
Home Investment Partnerships Program 14.239
Home Investment Partnerships Program 14.239
Public and Indian Housing 14.850
Public and Indian Housing 14.850
Section 8 Housing Choice Vouchers 14.871
Public Housing Capital Fund 14.872
Public Housing Capital Fund 14.872
Total U.S. Department of Housing and Urban Development
U.S. Department of Justice:
Pass-through program from:
Iowa Department of Justice:
Violence Against Women
Formula Grants
Direct program:
Bulletproof Vest Partnership Program
16.588
16.607
City of Iowa City, Iowa
Schedule of Expenditures of Federal Awards
Year Ended June 30, 2016
Pass -Through
Entity Identifying
Number
Federal
Expenditures
$ 302,116
216,729
206,505
22,466
747,816
133,845
128,444
262,289
7,999,151
41,766
15,225
56,991
Amounts Passed -
Through to
Subrecipients
$ 218,939
216,429
108,263
10,394
554,025
12,676,303 854,731
VW -16 -51 -CJ 63,583
8,827
Public Safety Partnership and Community
Policing Grants 16.710 11,368
152
Federal Grantor/Pass-Through
Grantor/Program or Cluster Title
U.S. Department of Justice: (continued)
Direct program:
Edward Byrne Memorial Justice
Assistance Grant Program
Pass-through program from:
Governor's Office of Drug Control Policy:
Edward Byme Memorial Justice
Assistance Grant Program
Methamphetamine Drug Spots Grant
Program
Total U.S. Department of Justice
U.S. Department of Transportation:
Direct program:
Airport Improvement Program
Airport Improvement Program
Pass-through program from:
Iowa Department of Transportation:
Highway Planning and Construction
Highway Planning and Construction
Highway Planning and Construction
Iowa Department of Transportation and
Metropolitan Planning Organization
of Johnson County:
Highway Planning and
Construction
Metropolitan Transportation
Planning and State and Non -
Metropolitan Planning and
Research
Federal
CFDA
Number
16.738
16.738
17.710
20.106
20.106
City of Iowa City, Iowa
Schedule of Expenditures of Federal Awards
Year Ended June 30, 2016
Pass -Through Amounts Passed -
Entity Identifying Federal Through to
Number Expenditures Subrecipients
$ 18,235 $ 12,014
13 -JAG -111736 102,872 61,724
121,107 73,738
14-HotSpots-01 8,308 6,563
20.205 STP -U-3715(636)
213,193 80,301
107,828
88,310
196,138
--70-52
1,690,999
20.205 HDP -3715(652)
71-52
785,955
20.205 IA -95-X018-371-13
149,631
20.205 16MP0-MPOJC 137,665
2,764,250
20.505 16MP0-MPOJC 52,335
153
Federal Grantor/Pass-Through
Grantor/Program or Cluster Title
U.S. Department of Transportation: (continued)
Federal Transit Cluster:
Direct program:
Federal Transit — Formula Grants
Pass-through program from:
Iowa Department of Transportation:
Bus and Bus Facilities Formula Program
Total Federal Transit Cluster
Pass-through program from:
Iowa Department of Transportation:
Enhanced Mobility of Seniors and
Individuals with Disabilities
Iowa Department of Public Safety:
Governor's Traffic Safety Bureau:
National Priority Safety Programs
National Priority Safety Programs
Total U.S. Department of Transportation
Federal
CFDA
Number
20.507
City of Iowa City, Iowa
Schedule of Expenditures of Federal Awards
Year Ended June 30, 2016
Pass -Through
Entity Identifying
Number
Federal
Expenditures
$ 1,494,411
20.526 IA -34-0002-371-14,
#15190 158,984
1,653,395
20.513 IA -16-X005-371-16 106,628
20.616 PAP 16-405d-
M6OT, Task 21 25,462
20.616 PAP 15-405d-
M6OT, Task 27 13,446
38,908
4,811,654
U. S. Environmental Protection Agency
Direct program:
Urban Waters Small Grants 66.440 21,203
U.S. Department of Homeland Security:
Pass-through program from:
Iowa Homeland Security and Emergency
Management Division:
Disaster Grants — Public Assistance
(Presidentially Declared Disasters)
Disaster Grants — Public Assistance
(Presidentially Declared Disasters)
Hazard Mitigation Grant
Total U.S. Department of Homeland Security
Total
97.036 FEMA DR -4119 -IA 108,926
97.036 FEMA DR -4187 -IA 2,562
111,488
97.039 DR -4187-0003-01 373,181
154
484,669
Amounts Passed-
Throughto
Subrecipients
$ 18,217,042 $ 945,052
City of Iowa City, Iowa
Notes to the Schedule of Expenditures of Federal Awards
Year Ended June 30, 2016
Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City of
Iowa City, Iowa, and is presented on the modified accrual basis of accounting for governmental funds and the full
accrual basis of accounting for proprietary funds. The information in this schedule is presented in accordance with
the requirements of Uniform Guidance. The City received federal awards both directly from federal agencies and
indirectly through pass-through entities. Federal financial assistance provided to a subrecipient is treated as an
expenditure when it is paid to the subrecipient.
Note 2 - Significant Accounting Policies
Governmental and proprietary fund types account for the City's federal grant activity. Therefore, expenditures in
the schedule of expenditures of federal awards are recognized on the modified accrual basis — when they become
a demand on current available financial resources in the governmental fund types and on the full accrual basis —
when expenditures are incurred in the proprietary fund types. The City's summary of significant accounting
policies is presented in Note 1 in the City's basic financial statements.
The City has not elected to use the 10% de minimis cost rate.
155
City of Iowa City, Iowa
Schedule of Findings and Questioned Costs
Year Ended June 30, 2016
Part L• Summary of the Independent Auditor's Results:
Financial Statements
Type of auditor's report issued Unmodified
Internal control over financial reporting:
Material weaknesses identified No
Significant deficiencies identified not
considered to be material weaknesses None reported
Noncompliance material to financial statements noted? No
Federal Awards
Internal control over major programs:
Material weaknesses identified No
Significant deficiencies identified not
considered to be material weaknesses None reported
Type of auditor's report issued on compliance for major programs: Unmodified
Any audit findings disclosed that are required to be reported in
accordance with Uniform Guidance 2 CFR 200.516: No
Identification of major programs:
Name of Federal Program CFDA Number
Highway Planning and Construction 20.205
Federal Transit Cluster
Federal Transit—Formula Grants 20.507
Bus and Bus Facilities Formula Program 20.526
Dollar threshold used to distinguish between type A
and type B programs: $ 750,000
Auditee qualified as low-risk auditee? Yes
Part IE• Findings Related to the Financial Statements:
There were no findings to report.
156
City of Iowa City, Iowa
Schedule of Findings and Questioned Costs
Year Ended June 30, 2016
Part III: Findings and Questioned Costs for Federal Awards:
There were no findings and questioned costs to report.
Part IV: Other Findings Related to Required Statutory Reporting:
2016 -IA -A Certified Budget -Disbursements during the year ended June 30, 2016, did not exceed the amount
budgeted.
2016 -IA -B Questionable Expenditures - We noted no expenditures that we believe may fail to meet the
requirements of public purpose as defined in an Attorney General's opinion dated April 25, 1979.
2016 -IA -C Travel Expense - No expenditures of City money for travel expenses of spouses of City officials
or employees were noted.
2016 -IA -D Business Transactions - No business transactions between the City and City officials or
employees were noted.
2016 -IA -E Bond Coverage - Surety bond coverage of City officials and employees is in accordance with statutory
provisions. The amount of coverage should be reviewed annually to ensure the coverage is adequate for
current operations.
2016 -IA -F Council Minutes -No transactions were found that we believe should have been approved in the
City Council minutes but were not.
2016 -IA -G Deposits and Investments -No instances of non-compliance with the deposit and investment
provisions of Chapters 12B and 12C of the Code of Iowa and the City's investment policy were
noted.
2016 -IA -H Revenue Bonds - No instances of non-compliance with the provisions of the City's revenue bond
resolutions were noted.
2016 -IA -I Annual Urban Renewal Report - The urban renewal annual report was properly approved and
certified to the Iowa Department of Management on or before December 1.
157
City of Iowa City, Iowa
Summary Schedule of Prior Federal Audit Findings
Year Ended June 30, 2016
Prior Audit Findings Related to the Financial Statements:
There were no prior year financial statement findings.
Prior Audit Findings and Questioned Costs for Federal Awards:
There were no prior year federal findings.
158
From: City of Iowa City<CityoflowaCity@public.govdelivery.com>
Sent: Wednesday, December 14, 2016 12:22 PM
To: Marian Karr
Subject: Iowa City Police team up with Bruegger's on food drive for Crisis Center
O SHARE Having trouble viewing this email? View it as a Web page.
10WACITY
FOR IMMEDIATE RELEASE
Date: Dec. 14, 2016
Contact: Henri Harper
Phone: 319-356-5275
Iowa City Police team up with Bruegger's on food drive for
Crisis Center
The Iowa City Police Department and local Bruegger's Bagels stores have teamed up on a food
collection drive to benefit the Crisis Center food bank.
"A lot of people need a little extra help this time of year," said Henri Harper, the Police Department's
Community Outreach Assistant. "Between the holidays and heating their homes, budgets are
stretched about as far as they can go. We want to help the Crisis Center fill its shelves to make sure
people don't go hungry."
Participating donors won't go hungry, either. People who donate canned goods between now and
Wednesday, Dec. 21, 2016 will receive a coupon for a free bagel and cream cheese. Donations
should be dropped off at either Bruegger's Bagels location: 245 Iowa Avenue or 708 S. Riverside
Drive. Both stores are open until 7 p.m.
The Crisis Center distributes 106,000 pounds of food each month to help alleviate hunger in
Johnson County. Some of their most -needed donations include peanut butter and jelly, canned fruit,
canned fish and meats, 100% fruit juice, pasta, rice, canned vegetables, hearty soups and stews,
baby formula, and baby food.
For more information, contact Henri Harper at 319-356-5275.
From: City of Iowa City <CityoflowaCity@public.govdelivery.com>
Sent: Friday, December 09, 2016 11:45 AM
To: Marian Karr
Subject: Snow Reminder: Keep sidewalks and curb ramps clear is crucial
O SHARE Having trouble viewing this email? View it as a Web page.
10WACITY
FOR IMMEDIATE RELEASE
Date: 12/09/2016
Contact: Shannon McMahon
Phone: 319-356-5058
Iowa City reminds property owners and tenants of sidewalk
snow removal ordinance
With snow season's arrival this year, the City of Iowa City reminds residents of the snow removal
ordinance requiring sidewalks to be cleared within 24 hours after a one -inch or more snowfall, or
after any accumulation of ice has ended. Property owners are responsible for the removal of snow
and ice from all sidewalks that abut their private property. The entire width of the sidewalk must be
cleared down to concrete. Tenants are advised to check their leases to see if their landlord has
transferred the responsibility of snow and ice removal to them.
Residents who wish to report a property where the adjacent public sidewalk has not been cleared
have three ways to notify the City's Neighborhood & Development Services office:
• use the ICGovXpress mobile app on their smart phone (visit www.icgov.orq/?id=2253 to
download the free app — search for it under "GORequest");
• access ICGovXpress on the City's website at www.icgov.org/icgovxpress or click on the
"Report a Concern" button on the home page at www.icgov.org; or
• call the complaint hotline at 319-356-5152.
Complaints must be specific and include an actual address in order for City staff to respond.
Residents may visit http://bit.ly/2gkDi)PV to see a map of properties that are being investigated by
Neighborhood & Development Services due to complaints from the public.
If a complaint is received about an unshoveled property, an inspector will visit the address to verify
the violation, and leave a notification tag at the property if a violation exists. A Notice of Violation will
also be mailed to the property owner and an additional 24 hours will be given to remove the snow
and/or ice. If not completed by the deadline, the City will hire a private contractor to complete the
job, and the property owner will be billed those costs plus a $100 administrative fee. Please keep in
mind that only one notification will be given per snow season. Subsequent violations at the property
will be cleared without further notification.
77Ais vide
Curb ramps and crosswalks
7 -perry.
Please be a good neighbor and keep curb ramps clear. Clear curb ramps are vital to keeping
sidewalks accessible to everyone, especially for pedestrians with limited mobility.
Snow and ice that is shoveled or that accumulates in crosswalks makes it difficult and dangerous for
many of our residents, especially the elderly, people in wheelchairs or who are mobility -impaired,
and children on their way to and from school. When you get to the end of your sidewalk, please
shovel a few extra feet to Gear the crosswalks and curb ramps if you are able.
Residents are asked to be considerate of pedestrians this winter by keeping their sidewalks clear
and safe. For more information, contact Stan Laverman, Senior Housing Inspector, at 319-356-5135
or e-mail stan-laverman@iowa-city.org.
Questions?
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From: City of Iowa City <CityoflowaCity@public.govdelivery.com>
Sent: Friday, December 09, 2016 10:56 AM
To: Marian Karr
Subject: Applications now being accepted for Iowa City CDBG and HOME funding
SHARE Having trouble viewing this email? View it as a Web page.
°=
10WACITY
FOR IMMEDIATE RELEASE
Date: 12/9/2016
Contact: Kris Ackerson, Community Development
Phone: 319-356-5247
Applications now being accepted for Iowa City CDBG and
HOME funding
Applications are now being accepted for funding for projects that will address community priorities
as identified in the City of Iowa City's CITY STEPS plan. The funds will be part of $1.2 million the
City will receive from the federal government through the U.S. Department of Housing and Urban
Development (HUD), including Community Development Block Grant (CDBG) and HOME program
funding.
Funds will be available at the start of the new fiscal year on July 1, with roughly $347,000
earmarked for affordable housing projects, including rehabilitation or new construction of rental
housing, tenant -based rent assistance, and homeownership opportunities for income -qualifying
individuals and families. The remaining funds will be allocated by the City Council for other City
programs, including economic development, owner -occupied housing rehabilitation, neighborhood
infrastructure, financial assistance for local social service agencies, and the City's administrative
costs.
Two workshops have been scheduled to provide important information about the application and
funding process. Individuals, nonprofits and businesses that plan to apply for funds are urged to
attend one of the sessions, scheduled Thursday, Dec. 15 at 11 a.m. and Wednesday, Jan. 4 at 11
a.m. Both workshops will be held at Emma Harvat Hall in City Hall, 410 E. Washington Street.
Applications are due by noon on Friday, Jan. 13. The Applicant Guide and applications, as well as
the City's 2016-2020 Consolidated Plan (CITY STEPS), which will help steer the allocation process,
are available online at www.icgov.org/actionplan. Upon request, staff will e-mail or mail the
application materials to interested applicants.
The local Housing and Community Development Commission (HCDC) and the City Council will
review all applications and conduct a public allocation process to determine which projects will
receive funding.
Questions about CDBG and HOME funds or the funding process may be directed to Neighborhood
Services staff at 319-356-5230 or kristooher-ackerson0iowa-citv.org.
From: City of Iowa City<CityofloweCity@public.govdelivery.com>
Sent: Thursday, December 15, 2016 2:33 PM
To: Marian Karr
Subject: Human Rights Commission will reschedule Sunday program
SHARE Having trouble viewing this email? View it as a Web page.
10WACITY
FOR IMMEDIATE RELEASE
Date: Dec. 15, 2016
Contact: Stefanie Bowers
Phone: 319-356-5022
Human Rights Commission will reschedule Sunday program
The threat of extremely cold temperatures this weekend has caused the Iowa City Human Rights
Commission to reschedule a program originally set for Sunday at the Robert A. Lee Recreation
Center.
"Know your Rights: Spousal and Partner Abuse Laws and Resources" was scheduled to be held
from 2 to 4 p.m. on Sunday, Dec. 16, 2016. Since the high temperature that day is predicted to be
below zero, the event will be rescheduled. A new date has not yet been set.
For more information, contact Equity Director Stefanie Bowers at 319-356-5022
t t �
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November 17, 2016
Page i
LF-12-15-10 1
IP15
MINUTES DRAFT
IOWA CITY AIRPORT COMMISSION
NOVEMBER 17, 2016 — 6:00 P.M.
AIRPORT TERMINAL BUILDING
Members Present: Julie Bockenstedt, Minnetta Gardinier, A. Jacob Odgaard, Chris Ogren
Members Absent: Robert Libby
Staff Present: Michael Tharp, Sue Dulek
Others Present: Matt Wolford, Todd Allyn
RECOMMENDATIONS TO COUNCIL: (to become effective only after separate Council
action):
None.
DETERMINE QUORUM:
The meeting was called to order at 6:03 P.M. by Chairperson Odgaard.
APPROVAL OF MINUTES:
The minutes from the October 20 meeting were reviewed. Ogren moved to accept the
minutes of the October 20, 2016, meeting as presented. Gardinier seconded the motion.
The motion carried 40, Libby absent.
PUBLIC DISCUSSION:
None.
ITEMS FOR DISCUSSION/ACTION:
a. Airport Master Plan — Odgaard noted that earlier in the week Tharp, along with
the Airport Commission, gave an update to the City Council on the Master Plan.
Tharp stated that he is asking the Commission to defer accepting the Master
Plan until next month's meeting. He will then be able to complete all of the
documentation required by the FAA.
L Consider a resolution accepting work as complete — Ogren moved to
defer acceptance of the Master Plan until the December meeting.
Bockenstedt seconded the motion. The motion carried 40, Libby
absent.
b. FAA/IDOT Projects: AECOM / David Hughes -
i. Obstruction Mitigation — Tharp noted that Todd Allyn is present this
evening from AECOM. Tharp continued, stating that they are moving
November 17, 2016
Page 2
forward with the paperwork to get the environmental assessment
underway. He is not sure if they will have something for the next meeting
or not on this. Tharp then responded to Member questions regarding this
process.
ii. South Taxiway Extension — Tharp stated that they are in the process of
getting a final survey crew out to the Airport so that they can get the
bidding process going. They hope to be ready for construction in the
spring.
iii. North T -Hanger Restroom — Tharp stated that they have spoken with
the City building inspectors, as well as architects, and they believe that
now they have a better idea on the variance issue. He anticipates having
news on this at next month's meeting.
iv. FY2018 FAA AIP Pre -Application — Tharp noted that the package was
sent to the FAA for comments and that they have responded. Basically
the EA can be done this fiscal year, which shifts everything forward a
year. Tharp stated that if the Commission is in agreement, the
Chairperson can then go ahead and sign the individual project sheets that
are part of this application.
C. Airport "Operations"
I. Strategic Plan -Implementation —
1. Aircraft Traffic Count Collection - Tharp spoke to this item,
noting that the topic of aircraft traffic count that they discussed last
month led to a meeting between Jet Air and himself to see what
information is being collected. The only way to catch all of the
traffic would be visually, according to Tharp. He noted that doing
something with cameras would probably be the best way to go
about this. Ogren asked for some clarification on what an
'acoustical system' is. Tharp responded, noting that it looks like a
giant bucket, where sounds are directed into a meter. Members
briefly discussed this issue, with Tharp giving further explanation
as to which tracking system would be best for them. Tharp
suggested a subcommittee, consisting of himself and Odgaard
and anyone else interested, so that they can move forward on the
best method for them to collect this information.
2. 2018 — 100 -year anniversary committee — Tharp then spoke to
the 100 -year anniversary planning and the need for a
subcommittee to do this. He added that after meeting with the
City Manager on this item, the budgeted amount was cut from
$10,000 to $5,000. He noted that there will be the opportunity to
raise money through sponsorships and that type of thing, in order
to have enough money for this celebration. Odgaard agreed that
they should move forward with this planning. Gardinier stated that
she would be happy to work on this, as did Ogren. The discussion
then turned to the possibility of naming the Airport and how that
might take place.
ii. Budget —
1. FY2018 Budget Submittal — Tharp stated that he and Odgaard
met with both the City Manager and the Finance Director at the
beginning of November. They reviewed the budget at that time
and Tharp added that he felt the meeting went well. Tharp stated
November 17, 2016
Page 3
that the Airport will still be receiving the grant matching allocation,
as they have in the past.
iii. Management — None.
d. FBO / Flight Training Reports —
i. Jet Air — Matt Wolford with Jet Air shared the monthly maintenance
reports with Members. He stated that he was reading earlier today about
the history of the Iowa City Airport and that the name was Smith Field in
1920. Smith was an air mail pilot who crashed his plane and died.
Reviewing the monthly reports, Wolford stated that they were able to get
some painting done in the terminal building and that he has had good
feedback regarding this. Other maintenance items were light bulb
replacement, trash pickup, and mowing. Gardinier then spoke to Wolford
regarding paving and patch work, suggesting that they lay down some
pavement to help with the ruts that are happening. Continuing, Wolford
noted that the switch on the UNICOM radio had to be repaired recently.
Speaking to Jet Air's business, Wolford stated that they just got their
building permit today for the new hangar. Trenches and footings should
be done next week, according to Wolford. He then stated that since the
last meeting, Jet Air attended the NBAA, the National Business Aviation
Association's convention, where they were able to have a booth. Wolford
stated that the recent Michigan game against the University of Iowa
brought a lot of air traffic to the Airport.
e. Commission Members' Reports — Odgaard asked if there was any information
that Todd Allyn with AECOM would like to share with the Commission. Allyn
spoke briefly to the restroom facility and what the inspectors are looking for.
Ogren stated that she thought the City Council meeting was interesting.
Gardinier stated that the opener on her hangar door is much quieter now and she
asked what was done to it. Tharp stated that some things were tightened on it,
but other than that he is not sure. He will check into this further. She then asked
about the tree that was cut down, and Tharp noted that the tree was indeed
dead. Ogren then suggested that when attendance is done for the meeting
minutes that Tharp distinguish between excused and unexcused absences.
Staff report — Tharp stated that he will be taking vacation time between
Christmas and New Year's.
SET NEXT REGULAR MEETING FOR:
The next regular meeting of the Airport Commission will be held on Thursday, December 15,
2016, at 6:00 P.M. in the Airport Terminal Building.
ADJOURN:
Gardinier moved to adjourn the meeting at 7:02 P.M. Ogren seconded the motion. The
motion carried 4-0, Libby absent.
November 17, 2016
Page 4
CHAIRPERSON
DATE
November 17, 2016
Page 5
Airport Commission
ATTENDANCE RECORD
2016
Key:
X = Present
X/E = Present for Part of Meeting
P810TTM
O/E = Absent/Excused
NM = Not a Member at this time
TERM
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Minnetta
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0/
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X
X
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x
X
Gardinier
19
E
Jose
03/01/
X
0/E
X
N
N
N
N
N
N
N
N
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N
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Assouline
16
M
M
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Chris Ogren
03101/
X
X
X
X
X
O/
X
X
X
0/
X
X
X
16
E
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A.Jacob
03101/
X
X
X
X
X
0/
X
X
X
X
X
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Odgaard
16
E
Julie
03101/
X
X
X
X
0/
X
X
X
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X
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X
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Bockenstedt
17
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Robert Libby
03/21/
N
NM
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20
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Key:
X = Present
X/E = Present for Part of Meeting
P810TTM
O/E = Absent/Excused
NM = Not a Member at this time
IP16
MINUTES PRELIMINARY
PLANNING AND ZONING COMMISSION
DECEMBER 1, 2016 — 7:00 PM — FORMAL MEETING
EMMA HARVAT HALL — CITY HALL
MEMBERS PRESENT: Carolyn Dyer, Mike Hensch, Ann Freerks, Max Parsons, Mark
Signs, Jodie Theobald
i1IZvi 11--1:4 1V01 aT"3LVJMa t
STAFF PRESENT: Sara Hektoen, Bob Miklo, Marti Wolf
OTHERS PRESENT: Steve Long, Adam Brantman, Dylan Whittemore
RECOMMENDATIONS TO CITY COUNCIL:
By a vote of 5-0 the Commission recommends approval of CPA16-0003, an amendment to the
Comprehensive Plan to change the land use designation from Residential 2 to 8 dwelling unit
per acre to Residential 8 to16 dwelling units per acre for property to the northeast of Camp
Cardinal Road and Camp Cardinal Boulevard (Signs recused from discussion/vote, Martin
absent).
By a vote of 6-0 the Commission recommends approval of VAC16-00002, a
vacation of the alley right-of-way, 2,600 square feet east of Ellis Avenue, south
of 332 Ellis Avenue, subject to:
1. A Public Access easement be retained over the vacated right-of-way.
2. A utility easement be required over the vacated alley.
3. The driveway be improved according to plans approved by the City Engineer.
4. Approval of the special exception for the establishment of a fraternity at 332 Ellis.
Freerks called the meeting to order at 7:00 PM.
PUBLIC DISCUSSION OF ANY ITEM NOT ON THE AGENDA:
There were none
A public hearing for an amendment to the Comprehensive Plan to change the land use
designation of property located at the NE corner of Camp Cardinal Road and Camp Cardinal
Boulevard from Residential 2 to 8 dwelling units per acre to Residential 8 to 16 dwelling units
per acre.
Signs recused himself from the discussion as he represents a client that is interested in an
adjoining parcel of property.
Planning and Zoning Commission
December 1, 2016— Formal Meeting
Page 2 of 5
Wolf began the staff presentation by showing the Iowa City 2013 Comprehensive Plan Land
Use Map for the 3.48 acre parcel at Camp Cardinal Road and Camp Cardinal Boulevard. The
amendment would be to change the land use designation from residential 2-8 dwelling units per
acre to 8-16 dwelling units per acre keeping it residential. Wolf explained that for
comprehensive plan amendments they have to meet two criteria. The first criteria is to show
that circumstances have changed, or factors have come to light that make this amendment in
the public interest. The second criteria is that the amendment be compatible with Iowa City
policies.
With regards to the first criteria this land use designation came with the Comprehensive Plan in
1989 and at that time Camp Cardinal Boulevard did not exist. Camp Cardinal Boulevard was
built in 2007 and with it came a range of developments in that area including a school, Cardinal
Point (which contains a mix of single family homes, duplexes and townhomes), and the Saint
Andrew Presbyterian Church. Therefore Staff believes this area has changed significantly since
the original land use designation was given.
With regards to the second criteria of compatibility with policies of the Comprehensive Plan: the
Plan states that if a property is located at the intersection of a collector and arterial street
options besides single family residential are appropriate. To increase the parcel to 8-16
dwelling units per acre would allow for multi -family residential which is suitable by the Iowa City
Comprehensive Plan policies.
Wolf noted that this plan also comes with a sensitive areas plan because at the south end of the
parcel there is an area for stormwater retention from the Saint Andrew's parcel and therefore
the southern one-third of the property is non -buildable.
Staff recommends that CPA16-0003, an amendment to the Comprehensive Plan to change the
land use designation from Residential 2 to 8 dwelling unit per acre to Residential 8 to16 dwelling
units per acre for property to the northeast of Camp Cardinal Road and Camp Cardinal
Boulevard be approved.
Freerks opened the public hearing.
Steve Long (HBK Engineering) is representing the applicant and came forward to answer any
questions. He noted the applicant is excited about developing in this infill area and also the
ability to increase the density allows for the preservation of the one-third sensitive areas of the
parcel.
There were no questions for Long, and no other public present to speak on the item.
Freerks closed the public hearing
Hensch moved to approve CPA16-0003, an amendment to the Comprehensive Plan to
change the land use designation from Residential 2 to 8 dwelling unit per acre to
Residential 8 to16 dwelling units per acre for property to the northeast of Camp Cardinal
Road and Camp Cardinal Boulevard.
Parsons seconded the motion.
The motion carried 5-0.
Planning and Zoning Commission
December 1, 2016—Formal Meeting
Page 3 of 5
VACATION ITEM (VAC16:00002):
Discussion of an application submitted by Ellis Avenue, LLC for a vacation of the public alley
right-of-way located between Ridgeland Avenue and Ellis Avenue.
Miklo showed the area in question on an aerial photograph. He stated the applicant is
redeveloping a building that was originally developed as a fraternity but was later converted to a
rooming house. They are hoping to convert it back to a fraternity so they are asking to vacate
the alley property in the hopes of acquiring the property and adding it to the larger parcel. If it is
vacated and sold to them it would increase the density of the potential fraternity on the property
by two residents.
When Staff evaluated the request they looked at a number of criteria they use for vacation of
public right-of-way and determined this request does meet those. Miklo noted that there is
some public need for this property for a sanitary sewer and water line, that same need can be
addressed with an easement. The right-of-way does provide access to 332 Ellis Avenue as well
as 320 Ellis Avenue, so an easement would be necessary to assure both properties over time
will have access to their parking.
Staff recommends approval of VAC16-00002, a vacation of the alley right-of-way
east of Ellis Avenue, south of 332 Ellis Avenue, subject to:
1. A Public Access easement be retained over the vacated right-of-way.
2. A utility easement be required over the vacated alley.
3. The driveway be improved according to plans approved by the City Engineer.
4. Approval of the special exception for the establishment of a fraternity at 332 Ellis.
Freerks asked if the applicant is planning to retain the existing structure or if they are planning to
rebuild. Miklo said they are planning to retain the existing structure.
Hensch asked if the alley is currently used as an alley. Miklo replied it is. It provides access to
the two parking lots and secondary access to other residential buildings in the area. Parsons
noted he used to live in that area and occasionally people do use that alley to drive through.
Hensch asked about the easement and Miklo said it would require that the travelling lane be
maintained and open (no parking in that area).
Hensch asked about the neighbor to the south and Miklo said Staff has spoken with a
representative of 320 Ellis Avenue and they don't believe they have any interest in the property
as long as an easement is maintained to allow access to their parking, but there is a Board that
manages the property and the full Board will review it.
Freerks opened the public hearing.
Adam Brantman (Ellis Ave LLC) came forward to answer questions. He noted they are
contemplating renovation and then sale of the property to a fraternity. They have talked with the
property owner to the south about the alley, currently the alley is gravel and as part of the
project they would pave the alley and maintain it.
Planning and Zoning Commission
December 1, 2016—Formal Meeting
Page 4 of 5
Freerks asked how many units were in the rooming house currently. Brantman said it is
currently 25.
Dylan Whittemore (320 Ellis Corp) is on the board of the Delta Epsilon Fraternity and noted they
understand the need for the easement for access to their property. He also stated they do plan
to pave their side of the parking lot. The only concern they have is plans for snow removal,
since that would no longer be under the City's purview.
Freerks closed the public hearing.
Theobald moved to approve VAC16-00002, a vacation of the alley right-of-
way, 2,600 square feet east of Ellis Avenue, south of 332 Ellis Avenue,
subject to:
1. A Public Access easement be retained over the vacated right-of-way.
2. A utility easement be required over the vacated alley.
3. The driveway be improved according to plans approved by the City Engineer.
4. Approval of the special exception for the establishment of a fraternity at 332
Ellis.
Hensch seconded the motion
Hensch noted it seems like this will be an improvement to the neighborhood and Theobald and
Freerks agreed.
A vote was taken and motion carried 6-0 (Martin absent).
CONSIDERATION OF MEETING MINUTES: NOVEMBER 17. 2016
Parsons moved to approve the meeting minutes of November 17, 2016.
Hensch seconded the motion.
A vote was taken and the motion passed 6-0.
PLANNING AND ZONING INFORMATION:
Miklo noted that Jeff Speck was in Iowa City the last week of October. The Commission agreed
to watch a recording of Speck's presentation.
ADJOURNMENT:
Hensch moved to adjourn.
Theobald seconded.
A vote was taken and motion carded 6-0.
PLANNING & ZONING COMMISSION
ATTENDANCE RECORD
2016-2016
KEY: X = Present
O = Absent
O/E = Absent/Excused
--- = Not a Member
117
1/21
2/19
3/3
3/17
4/7
4/21
515
5/19
6/2
7/7
7/21
8/4
9/1
10/6
10/20
11/17
12/1
DYER,CAROLYN
X
X
X
X
X
X I
X
X
X
X
X
X
X
X
X
X
X
X
FREERKS, ANN
X
O/E
X
X
X
X
X
X
O/E
X
O/E
X
X
X
X
X
X
X
HENSCH, MIKE
X
X
X
X
X
X
X
X
X
X
X
01E
X
X
X
X
X
X
MARTIN, PHOEBE
X
X
X
X
X
X
X
X
X
X
X
01E
X
X
X
O/E
X
O/E
PARSONS, MAX
X
X
X
X
0/E
X
X
X
X
X
X
X
X
X
X
X
X
X
SIGNS, MARK
—
—
—
—
—
—
—
X
X
X
X
X
X
X
X
X
O/E
X
THEOBALD, JODIE
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
KEY: X = Present
O = Absent
O/E = Absent/Excused
--- = Not a Member
Preliminary Minutes
December 8, 2016
MINUTES
SENIOR CENTER
DECEMBER 8, 2016
ROOM 208, IOWA CITY/JOHNSON COUNTY SENIOR CENTER
Members Present: Jay Honohan, Mark Holbrook, Kathy Mitchell, Cheryl Clamon
Members Absent: Jack Hobbs, Margaret Reese
Staff Present: Linda Kopping, Kristin Kromray
Others Present: None
CALL TO ORDER:
The meeting was called to order by Honohan at 4:00 PM.
RECOMMENDATIONS TO COUNCIL:
None.
APPROVAL OF MINUTES FROM NOVERMBER 17.2016 MEETING:
Motion: To accept the minutes as amended from the November 17, 2016
meeting. Motion carried on a vote of 4/0. Mitchell/Clamon
Holbrook may attend the January 5th Board of Supervisors meeting.
REVIEW AND DISCUSSION OF THE CMO BUDGET RECOMMENDATIONS:
Kopping reported that she will present the budget to the City Council in January
2017. The budget will be finalized in March. She highlighted some new revenue
items and a couple changes to the initial request made by finance and city
manager's office. Finance and the City Manager increased revenue projections
in two areas. Membership revenue was increased from $52,000 to $69,000; and
contributions and donations, which includes donations given directly to the Senior
Center and endowment earnings from Friends of the Center, was increased by
$15,000. An additional $25,000 contribution from Friends of The Center to
support operational expenses was added to the FYI budget.
A few expense lines were reduced by Finance and the City Manager. These
include travel and associated fees for educational seminars, and funding for
banners for the exterior of the building, bulk mailing, and office supplies.
Preliminary Minutes
December 8, 2016
Kopping reported both commissioner Honohan and commissioner Hobbs terms
will end at the end of December. Kopping thanked Honohan for his 18 years of
service on the Commission. Kopping noted that the city was going to re -advertise
the three open spaces on the Senior Center Commission. Commissioners
discussed various people who they might approach to consider applying.
OPERATIONAL OVERVIEW:
Update on work with Friends of the Center: The first draft of the Friends of the
Center website was received. Staff reviewed the draft and will be communicating
recommendations to the designers. Kopping has been working on additional
Friends of the Center policies. The Friends annual appeal letter went out two
weeks ago and has raised $11,100 to date.
Nutrition Program Update: The Senior Center has received many complaints
regarding Elder Services' congregate meal program. Concerns have been
expressed about running out of meals and the quality and temperature of the
food. Kopping spoke with the director of Elder Services and he indicated that
they can only guarantee the meal will be hot for 30 minutes after it is delivered.
They are working on ways to adapt the program to accommodate this limitation.
Kopping met with representatives from Heritage Area on Aging to discuss the
various grant -funded programs Heritage offers that could be run by The Center.
Included in the discussion were the meal and volunteer transportation program,
chore services, evidenced based programming, and an information and referral
program. Grant applications for all these services are due in February 2017,
which does not allow much time to consider options or develop an organizational
plan. Any program considered would need to fit the mission of The Center and
not place an additional financial burden on The Center or City.
Operations:
The elevator is back in working order. The chiller has been winterized for the
season.
Programming:
The first day of registration is December 14th. Kromray reported the next
Newcomers Breakfast will be January 18th and invited commissioners to attend.
She also noted that on April 13th from 2-3:30 will be a Member Engagement Fair
that the membership committee is organizing.
2
Preliminary Minutes
December 8, 2016
COMMISSION DISCUSSION:
None.
ADJOURNMENT:
Motion: To Adjourn. Motion carried on a vote of 4/0. Reese/Mitchell
Preliminary Minutes
December 8, 2016
Senior Center Commission
Attendance Record
Year 2016
Name
Term Expires
2/18/16
3/17/16
4/21/16
5/19/16
6/11/16
6/16/16
7/21/16
8/18/16
9/15/16
10/20/16
11/17/16
12/8/16
Joy Beadleston
12/31/19
X
X
NM
O/E
X
NM
O/E
--
--
--
--
--
Cheryll Clamon
12/31/18
X
X
NM
O/E
X
NM
X
X
X
NM
X
X
Jack Hobbs
12/31/16
X
O/E
NM
X
X
NM
X
O/E
O/E
NM
X
O/E
Mark Holbrook
12/31/18
X
X
NM
X
O/E
NM
X
X
X
NM
X
X
Jay Honohan
12/31/16
X
X
NM
X
X
NM
X
X
X
NM
X
X
Kathy Mitchell
12/31/19
X
X
NM
X
X
NM
O/E
X
X
NM
X
X
Margaret Reese
12/31/17
X
X
NM
O/E
X
NM
X
X
X
NM
X
O/E
Key: X=
Present
O=
Absent
O/E =
Absent/Excused
NM =
No meeting
-- =
Not a member
El