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Home My WebLink About2025-09-18 Info Packet1k 00 ®, Mgo CITY OF IOWA CITY City Council Information Packet September 18, 2025 Council Tentative Meeting Schedule IN. City Council Tentative Meeting Schedule Miscellaneous IP2. Memo from Budget Management Analyst: Quarterly Financial Summary for Period Ending June 30, 2025 September 18, 2025 City of Iowa City Item Number: IP1. CITY OF IOWA CITY COUNCIL ACTION REPORT September 18, 2025 City Council Tentative Meeting Schedule Attachments: City Council Tentative Meeting Schedule I r City Council Tentative Meeting Schedule _ _ ' Subject to change 0°01m CITY OF IOWA CITY September 18, 2025 Date Time Meeting Location Tuesday, October 7, 2025 4:00 PM Work Session City Hall, Emma J. Harvat Hall 6:00 PM Formal Meeting 410 E. Washington Street Monday, October 20, 2025 4:30 PM Joint Entities Meeting City Hall, Emma J. Harvat Hall 410 E. Washington Street Tuesday, October 21, 2025 4:00 PM Work Session City Hall, Emma J. Harvat Hall 6:00 PM Formal Meeting 410 E. Washington Street Monday, November 3, 2025 4:00 PM Work Session City Hall, Emma J. Harvat Hall 6:00 PM Formal Meeting 410 E. Washington Street Tuesday, November 18, 2025 4:00 PM Work Session City Hall, Emma J. Harvat Hall 6:00 PM Formal Meeting 410 E. Washington Street Tuesday, December 9, 2025 4:00 PM Work Session City Hall, Emma J. Harvat Hall 6:00 PM Formal Meeting 410 E. Washington Street Item Number: IP2. a CITY OF IOWA CITY "QR T-4 COUNCIL ACTION REPORT September 18, 2025 Memo from Budget Management Analyst: Quarterly Financial Summary for Period Ending June 30, 2025 Attachments: Memo from Budget Management Analyst - Quarterly Financial Summary for Period Ending June 30, 2025 � r ,:. 4 �m � . , ��.T CITY OF IOWA CITY MEMORANDUM Date: September 16, 2025 To: City Manager, City Council From: Angie Ogden, Budget Management Analyst Re: Quarterly Financial Summary for Period Ending June 30, 2025 Introduction Attached to this memorandum are the City's quarterly financial reports as of June 30, 2025. The quarterly financial report includes combined summaries of all fund balances, revenues, and expenditures for fiscal year 2025 through the end of the fiscal year. This report represents the entire fiscal year's activities, but the totals presented are still preliminary and unaudited. Accruals will continue to be posted through September and until the annual financial audit is completed by Bohnsack & Frommelt. Revenue Analysis This revenue analysis pertains to the revenue reports, Revenues by Fund and Revenues by Type, on pages 4-6. In these two reports, the actual revenues would ideally be near 100% of budget since we have completed the fiscal year; however, not all of the accrued revenues have been posted yet. For the major governmental funds, their actual revenues finished the year slightly above or at their revised budget estimates. The General Fund is at 103.4% due to Interest Revenues, the Emergency Levy Fund is at 138.1 % due to Federal Operating Grant, the Iowa City Property Management is at 120.5% due to Rents, and the Debt Service Fund is at 103.5% due to Interest Revenues. The General Fund has experienced revenue shortfalls in Intergovernmental revenues due to timing of grant reimbursements. In the major enterprise funds, the actual revenues as a percentage of the budget ranged between 41.3% and 110.9%. The Water Fund finished with revenues at 108.5% of budget, the Landfill Fund at 107.1 % of budget and the Wastewater Fund at 106.8% of budget. The major enterprise funds will finish the year with revenues close to or higher than 100% of budget primarily due to conservative revenue budgeting for Charges for Fees and Services and Interest Revenues. The Transit Fund actual revenues currently stand at 41.3% of budget. This difference in the Transit Fund is made up of the accrual of the Federal Operating grant and timing related to grants for bus purchases. Several funds are below the 100% benchmark due to the timing of grants. These funds include the Community Development Block Grant (CDBG) Fund at 86.5% and the HOME Fund at 35.1 %. Additionally, both the Governmental Projects and the Enterprise Projects Capital Funds are below budget at 93.0% and 8.9%, respectively. Revenues for these funds are significantly below budget due to the timing of the state and federal grant revenues and bond proceeds. These revenues have not yet been received or earned and will be amended into next year's budget. The combined total actual revenues for all budgetary funds through June are $206,471,923 or 82.9% of budget. The budget shortfall of $42,691,520 is primarily due to the timing of the aforementioned grant revenues, bond proceeds and other unrecorded accruals. Overall, the City's revenues are slightly more than projected, and most of the anomalies and budget variances can be explained either through timing of accruals or grants. Expenditure Analysis This expenditure analysis pertains to the expenditure reports, Expenditures by Fund and Expenditures by Fund by Department on pages 7-9. The analysis of the City's expenditures for fiscal year 2025 through June is similar to the analysis for the City's revenues. We generally expect the actual expenditure levels to be around 100% of budget at this time of year. Also, similar to the revenues, not all accruals have been recorded and posted yet. For the majority of the City's funds, their actual expenditures are currently at or below 100% of their budgeted expenditures. The General Fund is at 87.3% due to unspent monies within the Neighborhood & Development Services for American Rescue Plan Act funds that will be carried forward to fiscal year 2026. Some of the other funds have actual expenditures that are well below the 100% benchmark. Those funds include: • The HOME Fund (38.1 %) due to timing of the pay out of loans and grant applicants. • Emergency Levy Fund (3.4%) primarily due to timing of the pay out of grants. • Iowa City Property Management (58.5%) due to timing of rehab expenses. • The Equipment Fund (66.7%) due to extended lead times when ordering equipment. • Also, well below budget are the Governmental Projects Fund (26.4%), and the Enterprise Projects Fund (18.9%) due to timing of capital projects. Most of these funds contain a great deal of grant and project activity which does not always occur evenly throughout the fiscal year. Unexpended appropriations will be carried forward into the next fiscal year and amended into the fiscal year 2026 budget. There are several funds currently above 100% of their budgeted expenditures. The Airport Fund finished at 104.7% primarily due to unbudgeted contracted improvements and maintenance and the Housing Authority at 108.2% due to landlord rents The combined total actual expenditures for all budgetary funds through June are $197,768,146 or 58.7% of budget. When the Capital Project Funds, HOME, CDBG, Other Shared Revenues and Emergency Levy Funds are removed from the calculation, the actual percentage of expenditures versus budget increases to 89.0%. Overall, the City's expenditures are expected to finish at or below budget. Conclusion Generally, there are no major immediate concerns to report with the City's fund balances at year- end. Two funds present negative fund balances at year-end. Both the CDBG and HOME fund balances are expected to be corrected due to timing of funding streams. This year-end report is preliminary and accruals for revenues and expenditures are still outstanding. The City's final financial performance will be available for the start of the fiscal year 2027 budget process in November. Additional information is available from the Finance Department upon request. Budoetary Funds General Fund 10** General Fund Special Revenue Funds 2100 Community Dev Block Grant 2110 HOME 2200 Road Use Tax Fund 2300 Other Shared Revenue 2350 Metro Planning Org of J.C. 2400 Employee Benefits 2450 Emergency Levy Fund 2500 Affordable Housing Fund 2510 Peninsula Apartments 26** Tax Increment Financing 2820 SSMID-Downtown District Debt Service Fund 5*** Debt Service Enterprise Funds 710* Parking 715* Mass Transit 720* Wastewater 730* Water 7400 Refuse Collection 750* Landfill 7600 Airport 7700 Storm Water 79** Housing Authority Capital Project Funds Governmental Projects Enterprise Projects Total Budgetary Funds Non-Budcietary Funds Internal Service Funds 810* Equipment 8200 Risk Management 830* Information Technology 8400 Central Services 8500 Health Insurance Reserves 8600 Dental Insurance Reserves Total Non -Budgetary Funds Total All Funds City of Iowa City Fund Summary Fiscal Year 2025 through June 30, 2025 Beginning Ending Restricted, Unassigned Fund Year -to -Date Transfers Year -to -Date Transfers Fund Committed, Fund Balance Revenues In Expenditures Out Balance Assigned Balance $ 66,253,379 $ 64,667,342 $ 13,753,940 $ 70,489,870 $ 7,239,943 $ 66,944,848 $ 25,361,364 $ 41,583,484 332 1,076,767 - 1,064,935 120,425 (108,261) - (108,261) (526) 1,073,632 - 1,115,249 10,233 (52,376) - (52,376) 6,740,530 10,710,676 697,100 7,631,212 3,839,976 6,677,119 - 6,677,119 3,545,052 762,022 - 3,609,114 - 697,960 - 697,960 633,511 424,795 394,600 948,702 - 504,204 - 504,204 3,577,051 15,263,986 - 1,186,276 14,224,200 3,430,561 - 3,430,561 1,192,635 12,705 - 6,145 - 1,199,195 - 1,199,195 7,372,091 353,271 1,030,000 744,302 - 8,011,060 - 8,011,060 408,086 273,121 - 176,288 - 504,918 - 504,918 867,240 4,648,984 182,620 2,915,777 1,584,838 1,198,229 - 1,198,229 - 704,220 - 704,220 - - 7,487,853 12,409,816 1,562,111 13,844,703 7,615,077 - 7,615,077 2,115,697 7,389,192 1,500,000 4,974,475 3,029,890 3,000,524 718,235 2,282,289 13,631,551 5,277,469 4,997,200 9,537,050 925,000 13,344,170 13,252,044 92,126 22,125,720 14,255,704 1,529,908 8,762,568 2,300,803 26,847,961 2,604,265 24,243,697 15,771,221 13,286,409 1,887,784 10,383,888 4,156,744 16,404,782 4,698,330 11,706,452 2,790,929 5,361,656 55,683 4,529,929 200,000 3,478,339 - 3,478.339 22,508,794 8,532,077 1,821,745 6,149,538 119,385 26,593,693 22,397,312 4,196,381 195,212 435,066 100,000 434,703 65,927 229,649 117,699 111,950 1,677,134 1,994,264 1,113,353 630,481 2,206,461 1,947,810 586,755 1,361,056 7.129,228 14,298,956 10,233 13,737,629 30,700 7,670,088 - 7,670,088 31,810,109 19,408,272 5,559,216 19,543,876 - 37,233,721 - 37,233.721 21,723,840 3.851,519 4,104,033 14,647,216 - 15,032,175 - 15,032,175 $239,456,669 $ 206,471,923 $ 40,299,526 $ 197,768,146 $40,054,526 $248,405,447 $ 69,736.004 $178,669,443 $ 23,192,318 $ 8,894,565 $ - $ 6,690,234 $ - $ 25,396.649 $ 22,422,513 $ 2,974,136 4,021.093 1,738,939 - 1,293,605 - 4,466,426 4,466,426 4,070,589 3,041,851 140,817 3,309,713 185,817 3,757,727 2,029,251 1,728.475 933,947 190,913 - 187,465 200,000 737,395 - 737,395 19,414,739 14,236,883 - 10,717,159 - 22,934,462 9,523,167 13,411,295 597,941 464,328 - 393,199 - 669,070 - 669,070 $ 52,230,627 $ 28,567,479 $ 140,817 $ 22,591,376 $ 385,817 $ 57,961,729 $ 33,974,931 $ 23,986,798 $291,687,296 $ 235,039,402 $ 40,440,342 $ 220.359,522 $40,440.342 $306,367,177 $103,710,935 $202,656.242 3 City of Iowa City Revenues by Fund Fiscal Year 2025 through June 30, 2025 2024 2025 2025 2025 Actual Budget Revised Actual Variance Percent Budg.etaEy Fund Revenues General Fund 10** General Fund $ 63,144,267 $ 62,533,285 $ 62,533,285 $ 64,667,342 $ 2,134,057 103.4% Special Revenue Funds 2100 Community Dev Block Grant 928,673 886,567 1,244,400 1,076,767 (167,633) 86.5% 2110 HOME 455,291 721,492 3,061,650 1,073,632 (1,988,018) 35.1% 2200 Road Use Tax Fund 11,039,422 10,649,900 10,649,900 10,710,676 60,776 100.6% 2300 Other Shared Revenue 653,948 30,000 962,728 762,022 (200.706) 79.2% 2350 Metro Planning Org of Johnson Co 574,367 468,000 468,000 424,795 (43,205) 90.8% 2400 Employee Benefits 14,864,849 15,335,900 15,335,900 15,263,986 (71,914) 99.5% 2450 Emergency Levy Fund 874,504 9,200 9,200 12,705 3,505 138.1% 2500 Affordable Housing Fund 372,575 - - 353,271 353,271 0.0% 2510 Iowa City Property Management 252,224 226,575 226,575 273,121 46,546 120.5% 26** Tax Increment Financing 4,417,348 4,388,100 4,388,100 4,648,984 260,884 105.9% 2820 SSMIDs 661,438 677,000 677,000 704,220 27,220 104.0% Debt Service Fund 5*** Debt Service 11,716,728 11,988.600 11,988,600 12,409,816 421,216 103.5% Enterprise Funds 710* Parking 5,601,351 8,963,815 6,972,967 7,389,192 416,225 106.0% 715* Mass Transit 7,198,324 7,928.300 12.768,200 5,277,469 (7,490,731) 41.3% 720* Wastewater 13,901,646 13,353,500 13,353,500 14,255,704 902,204 106.8% 730* Water 12,734,762 12.250,200 12,250,200 13,286,409 1,036,209 108.5% 7400 Refuse Collection 5,167,200 5.142,300 5,142,300 5,361,656 219,356 104.3% 750* Landfill 8,795,022 7,964,900 7,964.900 8,532,077 567,177 107.1% 7600 Airport 450,040 440,500 440,500 435,066 (5,434) 98.8% 7700 Storm Water 1,950,216 1,916,800 1,916,800 1,994,264 77,464 104.0% 79** Housing Authority 14,147,197 12,892,728 12,892,728 14,298,956 1,406,228 110.9% Capital Project Funds Governmental Projects 14,097,960 16,535,200 20,877,390 19,408,272 (1,469,118) 93.0% Enterprise Projects 2,335,250 28,650,000 43,038,620 3,851,519 (39,187,101) 8.9% Total Budgetary Revenues $ 196,334,603 $ 223,952,862 $249,163.443 $206,471,923 $ (42.691,520) 82.9% Non -Budgetary Fund Revenues Internal Service Funds 810* Equipment $ 8.814,965 S 8,654,600 $ 8.809,400 $ 8,894,565 $ 85,165 101.0% 8200 Risk Management 1.803,542 5 1,126,200 $ 1,126,200 $ 1,738,939 612,739 154.4% 830* Information Technology 3,020,650 S 2,768,201 $ 2,768,201 $ 3,041,851 273,650 109.9% 8400 Central Services 226,162 S 143,800 $ 143,800 $ 190,913 47,113 132.8% 8500 Health Insurance Reserves 13,615,421 S 14,353,600 $ 14,353,600 $ 14,236,883 (116,717) 99.2% 8600 Dental Insurance Reserves 467.770 S 463,100 $ 463.100 $ 464,328 1,228 100,3% Total Non -Budgetary Revenues $ 27,948.510 $ 27,509,501 $ 27,664,301 $ 28,567,479 $ 903,178 103.3% Total Revenues - All Funds $224,283,113 $251,462,363 $276,827,744 $235,039,402 $ (41,788,342) 84.9% 4 City of Iowa City Revenues by Type Fiscal Year 2025 through June 30, 2025 2024 2025 2025 2025 Actual Budget Revised Actual Variance Percent Budgetary Fund Revenues Property Taxes $ 66,225.551 $ 68,821,500 $ 68,821,500 $ 68,440,099 $ (381,401) 99.4% Other City Taxes: TIF Revenues 4.304,866 4,388,100 4,388.100 4,567,602 179,502 104.1% Gas/Electric Excise Taxes 748,119 656,400 656,400 735,200 78,800 112.0% Mobile Home Taxes 47.992 52,800 52,800 50,474 (2,326) 95.6% Hotel/Motel Taxes 2,043.186 1,750,400 1,750,400 2,070,387 319,987 118.3% Utility Franchise Tax 982,969 1,116.700 1,116,700 1,002,625 114,075 89.8% Subtotal 8,127,132 7,964,400 7,964,400 8,426,289 461,889 105.8% Licenses, Permits, & Fees: General Use Permits 99,282 107,080 107,080 111,278 4,198 103.9% Food & Liquor Licenses 126,923 116,700 116,700 117,173 473 100.4% Professional License 2,275 2,000 2,000 2,045 45 102.3% Franchise Fees 593,710 470,000 470,000 392,518 (77,482) 83.5% Construction Permits & Insp Fees 2,166,574 1,836,100 1,836,100 1,760,954 (75,146) 95.9% Misc Lic & Permits 55,391 61,000 61,000 58.308 2,692 95.6% Subtotal 3,044,155 2,592,880 2,592,880 2.442,277 (150,603) 94.2% Intergovernmental: Fed Intergovernmental Revenue 21.891,003 48,997,706 37,775,830 20,753,580 (17,022,250) 54.9% Property Tax Credits 1,674,917 1,404,500 1,404,500 1,372,723 (31,777) 97.7% Road Use Tax 10,580,120 10,500,000 10,500,000 10,593,049 93,049 100.9% State 28E Agreements 2,408,480 2,508,500 2,961,900 2,566,419 (395,481) 86.6% Operating Grants 68,697 54,000 54.000 65,627 11,627 121.5% Disaster Assistance 71,309 - - - - 0.0% Other State Grants 1,037,961 685,800 2,896,970 962,880 (1,934,090) 33.2% Local 28E Agreements 1.428 012 1.418.105 1,418.105 1.471.666 53,561 103.8% Subtotal 39,160,500 65,568,611 57,011,305 37,785,945 (19,225.360) 66.3% Charges For Fees And Services: Building & Development 663,935 478,850 478,850 357,107 (121,743) 74.6% Police Services 100,897 80,000 80,000 109,770 29,770 137.2% Animal Care Services 10,204 12,800 12,800 12,619 (181) 98.6% Fire Services 13,380 9,100 9,100 9,120 20 100.2% Transit Fees 64,504 - - 19 19 #DIV/0! Culture & Recreation 659,725 644,100 644,100 618,806 (25,294) 96.1% Misc Charges For Services 75,150 67,500 67,500 67,198 (302) 99.6% Water Charges 11,003.126 11,084,600 11,084,600 11,577,449 492,849 104.4% Wastewater Charges 12,794,159 13,207,400 13,207,400 13,174,926 (32,474) 99.8% Refuse Charges 5,563,940 5,759,100 5,759.100 5.715,882 (43,218) 99.2% Landfill Charges 7,144,380 6,900,000 6,900,000 7.042,639 142,639 102.1% Storm Water Charges 1,885,926 1,900,000 1,900.000 1.921,511 21,511 101.1% Parking Charges 5.723.759 9,372,135 7,268,287 7,529,201 260.914 103.6% Subtotal 45,703,085 49,515,585 47,411,737 48,136,248 724,511 101.5% Miscellaneous: Code Enforcement 149,237 161,700 161,700 210,265 48,565 130.0% Parking Fines 684,633 817,000 817,000 1,064,182 247,182 130.3% Library Fines & Fees 780 1,000 1,000 473 (527) 47.3% Contributions & Donations 582,187 322,800 592,800 641,141 48.341 108.2% Printed Materials 21,173 17,300 17.300 23,602 6,302 136.4% Animal Adoption 61,514 60,500 60.500 59,240 (1,260) 97.9% Misc Merchandise 22,319 21,400 21,400 16,988 (4,412) 79.4% Intra-City Charges 6.215.701 6,782,100 6,782,100 6,704,573 (77,527) 98.9% Other Misc Revenue 1,317.856 866,801 3,316,961 1,994,512 (1,322,449) 60.1% Special Assessments 753 2,000 2.000 217 (1,783) 10.8% Subtotal $ 9,056,152 $ 9.052.601 $ 11,772,761 $ 10,715,193 $ (1,057,568) 91.0% I City of Iowa City Revenues by Type Fiscal Year 2025 through June 30, 2025 2024 2025 2025 2025 Actual Budget Revised Actual Variance Percent Use Of Money And Property: Interest Revenues $ 10,128,915 $ 1,642,310 $ 1,642,310 $ 10,284,688 $ 8,642,378 626.2% Rents 1,603,520 1.529,075 1,529,075 1,619,394 90,319 105.9% Royalties & Commissions 107,306 121.000 121.000 131,764 10,764 108.9% Subtotal 11,839,741 3,292,385 3.292,385 12,035,846 8,743,461. 365.6% Other Financial Sources: Debt Sales 11,616,402 16,350,000 49,501,575 17,356,328 (32,145,247) 35.1% Sale Of Assets 1,042,543 420,900 420,900 185,019 (235,881) 44.0% Loans 519,342 374.000 374,000 948.681 574.681 253.7% Subtotal 13,178,287 17,144,900 50,296,475 18,490,027 (31,806,448) 36.8% Total Budgetary Revenues $196.334,604 $ 223.952.862 $249.163,443 $206.471,923 (42.691.520) 82.9% Non -Budgetary Fund Revenues Internal Service Funds $ 27,948,510 $ 27.509,501 $ 27,664,301 $ 28,567,479 $ 903,178 103.3% Total Non -Budgetary Revenues $ 27,948,510 $ 27,509.501 $ 27,654,301 $ 28,567,479 $ 903,178 103.3% Total Revenues - All Funds $224.283.113 $ 251.462.363 $276,827,744 $235.039,402 $ (41,788,342) 84.9% 6 City of Iowa City Expenditures by Fund Fiscal Year 2025 through June30, 2025 2024 2025 2025 2025 Actual Budget Revised Actual Variance Percent Budgetary Fund Expenditures General Fund 10** General Fund $ 71,436,486 $ 71,092,899 $ 80.786,898 $ 70,489,870 $ 10,297,028 87.3% Special Revenue Funds 2100 Community Dev Block Grant 928,736 801,106 1,038,519 1,064,935 (26,416) 102.5% 2110 HOME 455,862 588,371 2,928,529 1,115,249 1,813,280 38.1% 2200 Road Use Tax Fund 7,448,448 7,965,300 7,985,200 7,631,212 353,988 95.6% 2300Other Shared Revenue 970,786 123,700 4,452,679 3,609,114 843,565 81.1% 2350 Metro Planning Org of Johnson Co. 902,800 862,600 980,710 948,702 32,008 96.7% 2400 Employee Benefits 1,739,908 1,146,925 1,146,925 1,186,276 (39,351) 103.4% 2450 Emergency Levy Fund 514,078 125,000 179,773 6,145 173,628 3.4% 2500 Affordable Housing Fund 1,400,194 1,030,000 1,030,000 744,302 285,698 72.3% 2510 Iowa City Property Management 189,624 172,775 301,275 176,288 124,987 58.5% 26** Tax Increment Financing 2,161,320 2,727,000 2,761,800 2,915,777 (153,977) 105.6% 2820 SSMIDs 661.438 677,000 677,000 704,220 (27,220) 104.0% Debt Service Fund 5*** Debt Service 13,189,955 13.787,740 13,787,740 13,844,703 (56,963) 100.4% Enterprise Funds 710* Parking 4,141,962 5,162,374 5,208,907 4,974,475 234,432 95.5% 715* Mass Transit 9,882,655 11,955,550 17,631,700 9,537,050 8,094,650 54.1% 720* Wastewater 8,271,541 12,714,600 8,890,100 8,762,568 127,532 98.6% 730* Water 10,590,605 10,356,952 11,192,877 10,383,888 808,989 92.8% 7400 Refuse Collection 4,368,350 4,731,500 4,855,200 4,529.929 325,271 93.3% 750* Landfill 6,085,972 6,079,450 6,213,503 6,149,538 63,965 99.0% 7600 Airport 489,950 436,550 415,250 434,703 (19,453) 104.7% 7700 Storm Water 623,916 681,900 681.900 630,481 51,419 92.5% 79** Housing Authority 13,129,901 12,469,766 12,693,767 13,737,629 (1,043,862) 108.2% Capital Project Funds Governmental Projects 20,533,547 41,047,794 74,005,769 19,543,876 54,461,893 26.4% Enterprise Projects 14,032,510 34,970,500 77,299,409 14,647,216 62,652,193 18.9% Total Budgetary Expenditures $194,150,542 $ 241,707,352 $337,145,430 $ 197,768,146 $ 139,377,284 58.7% Non -Budgetary Funds Expenditures Internal Service Funds 810* Equipment $ 6,700,574 $ 7,894,700 $ 10,023,892 $ 6,690,234 $ 3,333,658 66.7% 8200 Risk Management 2,043,847 1,320,700 1,570,700 1,293,605 277,095 82.4% 830* Information Technology 3,231,658 3,175,188 3,476,791 3,309,713 167,078 95.2% 8400 Central Services 170,690 218,900 237,452 187,465 49,987 78.9% 8500 Health Insurance Reserves 10,601,094 12,258,500 12,258,500 10,717,159 1,541,341 87.4% 8600 Dental Insurance Reserves 399,145 410.200 410,200 393,199 17,001 95.9% Total Non -Budgetary Expenditures $ 23.147,008 $ 25,278,188 $ 27,977,535 $ 22,591,376 $ 5,386,159 80.7% Total Expenditures - All Funds $217,297,550 $ 266,985,540 $365,122,965 $ 220,359.522 $ 144.763,443 60.4% 7 City of Iowa City Expenditures by Fund by Department Fiscal Year 2025 through June 30, 2025 2024 2025 2025 2025 Actual Budget Revised Actual Variance Percent Budgetary Funds Expenditures General Fund 10** General Fund City Council $ 181,634 S 192,500 $ 192,500 $ 175,366 $ 17,134 91.1% City Clerk 633,423 636,705 756,705 621,958 134,747 82.2% City Attorney 942,326 965,048 1,015,048 952,325 62,723 93.8% City Manager 9,910,047 6,156,340 6,988,387 5,421,818 1,566,569 77.6% Finance 4,577,205 5,529,700 5,529,700 4,609,768 919,932 83.4% Police 16,522,474 17,809,695 18,174,154 16,822,470 1,351,684 92.6% Fire 9,879,949 11,178,075 11,180,088 10,356,837 823,251 92.6% Parks & Recreation 10,243,118 10,639,040 10,720,210 10,096,316 623,894 94.2% Library 7,561,093 7,887,900 7,887,900 7,796.295 91,605 98.8% Senior Center 1,067,416 1.147,250 1,170,750 1,124,167 46,583 96.0% Neighborhood & Development Services 6,013.348 4,868,346 13,066,156 8,748,959 4,317,197 67.0% Public Works 3.264,174 3,668,600 3,691,600 3,340,960 350,640 90.5% Transportation & Resource Management 640,280 413.700 413,700 422.630 (8,930) 102.2% Total General Fund 71.436,486 71,092,899 80,786,898 70,489,870 10,297,028 87.3% Special Revenue Funds 2100 Community Dev Black Grant Neighborhood & Development Services 928,736 801,106 1.038,519 1.064,935 (26,416) 102.5% 2110 HOME Neighborhood & Development Services 455,862 588,371 2,928,529 1,115,249 1,813,280 38.1% 2200 Road Use Tax Fund Public Works 7,448,448 7,965,300 7.985,200 7,631,212 353,988 95.6% 2300 Other Shared Revenue Neighborhood & Development Services 970,786 123,700 4,452,679 3.609,114 843,565 81.1% 2350 Metro Planning Org of Johnson Co Neighborhood & Development Services 902,800 862,600 980,710 948,702 32,008 96.7% 2400 Employee Benefits Finance 1,739,908 1,146,925 1,146,925 1,186,276 (39,351) 103.4% 2450 Emergency Levy Fund City Manager 514,078 125,000 179,773 6,145 173,628 3.4% 2500 Affordable Housing Fund Neighborhood & Development Services 1,400,194 1,030,000 1,030,000 744,302 285,698 72.3% 2510 Iowa City Property Management Neighborhood & Development Services 189,624 172,775 301,275 176,288 124,987 58.5% 26** Tax Increment Financing Finance 2,161,320 2,727,000 2,761,800 2,915,777 (153,977) 105.6% 2820 SSMIDs Finance 661,438 677,000 677,000 704.220 27,220 104.0% Total Special Revenue Funds 17,373,193 16,219,777 23,482.410 20,102,219 3,380,191 85.6% Debt Service Fund 5*** Debt Service Finance 13.189,955 13,787,740 13,787,740 13,844,703 (56,963) 100.4% Total Debt Service Fund 13,189,955 13,787,740 13,787,740 13,844,703 (56,963) 100.4% 8 City of Iowa City Expenditures by Fund by Department Fiscal Year 2025 through June 30, 2025 2024 2025 2025 2025 Actual Budget Revised Actual Variance Percent Enterprise Funds 710* Parking Transportation & Resource Management $ 4,141,962 $ 5,162,374 $ 5,208,907 $ 4,974,475 $ 234,432 95.5% 715* Mass Transit Transportation & Resource Management 9,882,655 11.955,550 17,631,700 9.537,050 8,094,650 54.1% 720* Wastewater Public Works 8,271,541 12,714.600 8,890,100 8,762,568 127,532 98.6% 730* Water Public Works 10,590,605 10,356,952 11,192,877 10,383,888 808,989 92.8% 7400 Refuse Collection Transportation & Resource Management 4,368,350 4,731,500 4,855,200 4,529,929 325,271 93.3% 750* Landfill Transportation & Resource Management 6,085,972 6,079,450 6,213,503 6,149.538 63,965 99.0% 7600 Airport Airport Operations 489,950 436,550 415,250 434,703 (19,453) 104.7% 7700 Storm Water Public Works 623,916 681,900 681,900 630,481 51,419 92.5% 79** Housing Authority Neighborhood & Development Services 13.129,901 12,469,766 12.693,767 13,7 77,629 (1,043,862) 108.2% Total Enterprise Funds 57,584,852 64,588,642 67,783,204 59.140,261 8,642,943 87.2% Capital Project Funds Governmental Projects 20,533,547 41,047,794 74,005,769 19,543,876 54,461,893 26.4% Enterprise Projects 14,032.510 34 970,500 77.299,409 14,647,216 62.652 193 18.9% Total Capital Project Funds 34,566,057 76,018,294 151,305,178 34,191,092 117,114,086 22.6% Total Budgetary Expenditures $194,150,542 $ 241,707,352 $337,145.430 $ 197.768.146 $ 139,377,284 58.7% Nan -Budgetary Funds Expenditures Internal Service Funds 810* Equipment Public Works $ 6,700,574 $ 7,894,700 $ 10,023,892 $ 6,690,234 $ 3,333,658 66.7% 8200 Risk Management Finance 2,043,847 1,320,700 1,570,700 1,293,605 277,095 82.4% 830* Information Technology Finance 3,231,658 3,175,188 3,476,791 3,309,713 167,078 95.2% 8400 Central Services Finance 170,690 218,900 237,452 187,465 49,987 7B.9% 8500 Health Insurance Reserves Finance 10, 601, 094 12, 258, 500 12, 258, 500 10,717,159 1,541,341 87.4% 8600 Dental Insurance Reserves Finance 399,145 410.200 410,200 393,199 17.001 95.9% Total Internal Service Funds 23,147,008 25,278,188 27,977,535 22,591,376 5,386,159 80.7% Total Non -Budgetary Expenditures $ 23,147,008 $ 25,278.188 $ 27,977,535 $ 22,591,376 $ 5,386,159 80.7% Total Expenditures - All Funds $217,297.550 $ 266.985,540 $365,122,965 $ 220,359,522 $ 144,763,443 60.4% 9