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Home My WebLink AboutFY2026 1st Qtr Financial SummaryDate: October 28,2025 To: City Manager, City Council From: Angie Ogden, Budget Management Analyst Re: Quarterly Financial Summary for Period Ending September 30, 2025 Introduction Attached to this memorandum are the City’s quarterly financial reports as of September 30, 2025. The quarterly financial report includes combined summaries of all fund balances, revenues, and expenditures for fiscal year 2026 through the end of the first quarter, which is 25% of the way through the fiscal year. Below are some of the highlights from this quarter’s financial activity. 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 25% of budget since we have completed one-fourth of the fiscal year; however, due to accruals back to the previous year, many of these percentages are below 25%. For the property tax supported funds, such as the General fund, Debt Service fund, the Employee Benefits fund, and the Emergency Levy Fund, their actual revenues are at 12.1%, 7.5%, 6.9% and 0.0%, respectively. These funds have received a lower percentage of their revenue, because the City’s property tax receipts are due twice during the year, October and April, and the City will receive the majority of its property tax revenue at that time. This is not the same for the City’s enterprise funds. The City’s enterprise funds are primarily supported by service charges which cause their actual revenues to be closer to the 25% mark. For instance, on page 4, the Water fund is at 21.4%, the Wastewater fund is at 19.8%, and the Landfill is at 25.3%. The Water and Wastewater funds’ revenues are under the 25% benchmark due to the accrual of revenues back to last fiscal year. Other funds with budget anomalies worth noting: the CDBG and HOME funds has actual revenues at 3.0% and 3.2%, respectively, due to the timing of receipt of federal monies. The Transit fund has actual revenues at 6.6% due the timing of federal grant receipts. Additionally, the Governmental Projects fund (page 4) has revenues at 3.0% due to the timing of grant receipts related to projects as well as the timing of the Bond Issuance that does not take place until the spring. The Enterprise Projects fund (page 4) has revenues at 1.2% due to the timing of the Bond Issuance that does not take place until the spring. The combined total actual revenues for all budgetary funds through September are $29,296,075 or 10.9% of budget. Overall, the City’s revenues are not substantially different than projected, and the anomalies and budget variances can be explained. 1 Expenditure Analysis This expenditure analysis pertains to the reports, Expenditures by Fund and Expenditures by Fund by Department on pages 7-9. The analysis of the City’s expenditures for fiscal year 2026 through September is similar to the analysis for the City’s revenues. We generally expect the actual expenditure levels to be around 25% of budget at this time of year. Some of the funds have expenditure activity through the first quarter significantly above or below the 25% mark. The following funds have a significant expenditure variance from 25%:  Affordable Housing fund is at 105.9% due to payments made to the Housing Trust Fund of Johnson County.  Housing Authority is at 33.2% due to higher-than-expected landlord rents as well as building improvements.  Governmental Projects expenditures are at 7.2% and Enterprise Projects expenditures are at 2.4% because many of the capital projects are scheduled for construction next Spring. Overall, the combined total actual expenditures for all budgetary funds through September are $45,930,417 or 12.4% of budget. Overall, the City’s expenditures through the first quarter have a few major anomalies; however, these can be explained and are not unusual. Conclusion Generally, there are no major concerns to report with the City’s fund balances at September 30. Fund balances appear healthy. Additional information is available from the Finance Department upon request. 2 Beginning Ending Restricted, Unassigned Fund Year-to-Date Transfers Year-to-Date Transfers Fund Committed, Fund Balance Revenues In Expenditures Out Balance Assigned Balance Budgetary Funds General Fund 10** General Fund 66,932,389$ 8,035,231$ 3,313,000$ 16,828,637$ 1,799,870$ 59,652,112$ 25,577,594$ 34,074,518$ Special Revenue Funds 2100 Community Dev Block Grant 17,420 32,718 - 62,210 - (12,072) - (12,072) 2110 HOME 27,570 80,656 - 115,592 7,883 (15,249) - (15,249) 2200 Road Use Tax Fund 6,677,118 2,016,897 145,825 2,068,720 864,942 5,906,178 - 5,906,178 2300 Other Shared Revenue 794,004 9,189 - 75,621 - 727,572 - 727,572 2350 Metro Planning Org of J.C. 577,636 191,568 99,625 211,393 - 657,436 - 657,436 2400 Employee Benefits 3,430,561 1,046,166 - 511,858 3,386,650 578,219 - 578,219 2450 Emergency Levy Fund 1,199,195 - - - - 1,199,195 - 1,199,195 2500 Affordable Housing Fund 8,011,060 78,582 250,000 1,058,770 25,000 7,255,872 - 7,255,872 2510 Peninsula Apartments 504,918 97,207 - 39,325 - 562,800 - 562,800 26** Tax Increment Financing 1,187,710 153,574 - 12,988 - 1,328,296 - 1,328,296 2820 SSMID-Downtown District - 21,890 - - - 21,890 - 21,890 Debt Service Fund 5*** Debt Service 7,615,077 933,874 - 4,100 - 8,544,851 - 8,544,851 Enterprise Funds 710* Parking 3,000,524 1,804,290 375,000 1,182,744 649,421 3,347,650 843,235 2,504,414 715* Mass Transit 14,920,679 765,014 1,332,925 2,183,787 6,250 14,828,582 13,252,044 1,576,537 720* Wastewater 26,847,961 2,708,422 382,076 2,367,941 500,000 27,070,518 2,854,265 24,216,253 730* Water 15,995,787 2,792,817 632,336 3,083,115 625,000 15,712,824 4,771,643 10,941,181 7400 Refuse Collection 3,478,339 1,010,520 13,174 1,163,932 - 3,338,101 - 3,338,101 750* Landfill 26,593,693 2,178,422 337,520 1,541,169 263,619 27,304,846 22,846,439 4,458,406 7600 Airport 229,649 124,280 25,000 132,447 - 246,481 142,699 103,782 7700 Storm Water 1,947,810 376,793 278,195 169,444 335,000 2,098,354 801,755 1,296,599 79** Housing Authority 7,670,814 3,604,154 7,883 4,592,318 7,675 6,682,859 - 6,682,859 Capital Project Funds Governmental Projects 36,994,763 507,036 837,500 6,420,701 - 31,918,598 - 31,918,598 Enterprise Projects 14,641,210 726,778 441,250 2,103,605 - 13,705,633 - 13,705,633 Total Budgetary Funds 249,295,888$ 29,296,075$ 8,471,309$ 45,930,417$ 8,471,310$ 232,661,545$ 71,089,675$ 161,571,870$ Non-Budgetary Funds Internal Service Funds 810* Equipment 25,396,649$ 2,376,617$ -$ 1,537,329$ -$ 26,235,937$ 22,948,807$ 3,287,130$ 8200 Risk Management 4,466,426 1,539,014 - 527,467 - 5,477,973 - 5,477,973 830* Information Technology 3,757,727 552,426 25,000 726,012 25,000 3,584,140 2,137,373 1,446,767 8400 Central Services 737,395 54,831 - 38,712 - 753,513 - 753,513 8500 Health Insurance Reserves 23,110,968 3,543,089 - 3,042,825 - 23,611,232 9,839,853 13,771,379 8600 Dental Insurance Reserves 669,070 113,409 - 89,464 - 693,015 - 693,015 Total Non-Budgetary Funds 58,138,235$ 8,179,385$ 25,000$ 5,961,809$ 25,000$ 60,355,811$ 34,926,034$ 25,429,777$ Total All Funds 307,434,123$ 37,475,460$ 8,496,309$ 51,892,226$ 8,496,310$ 293,017,356$ 106,015,709$ 187,001,647$ City of Iowa City Fund Summary Fiscal Year 2026 through Septemeber 30, 2025 3 2025 Actual 2026 Budget 2026 Revised 2026 Actual Variance Percent Budgetary Fund Revenues General Fund 10** General Fund 64,705,988$ 66,329,100$ 66,329,100$ 8,035,231$ (58,293,869)$ 12.1% Special Revenue Funds 2100 Community Dev Block Grant 1,202,448 742,600 1,104,500 32,718 (1,071,782) 3.0% 2110 HOME 1,153,579 484,300 2,508,200 80,656 (2,427,544) 3.2% 2200 Road Use Tax Fund 10,710,676 10,962,700 11,037,700 2,016,897 (9,020,803) 18.3% 2300 Other Shared Revenue 905,736 520,000 3,663,600 9,189 (3,654,411) 0.3% 2350 Metro Planning Org of Johnson Co 498,227 469,100 844,100 191,568 (652,532) 22.7% 2400 Employee Benefits 15,263,986 15,263,500 15,263,500 1,046,166 (14,217,334) 6.9% 2450 Emergency Levy Fund 12,705 4,600 4,600 - (4,600) 0.0% 2500 Affordable Housing Fund 353,271 - - 78,582 78,582 0.0% 2510 Iowa City Property Management 273,121 264,400 264,400 97,207 (167,193) 36.8% 26** Tax Increment Financing 4,648,984 4,166,800 4,166,800 153,574 (4,013,226) 3.7% 2820 SSMID-Downtown District 704,220 668,200 668,200 21,890 (646,310) 3.3% Debt Service Fund 5*** Debt Service 12,409,816 12,521,900 12,521,900 933,874 (11,588,026) 7.5% Enterprise Funds 710* Parking 7,389,192 7,134,900 7,134,900 1,804,290 (5,330,610) 25.3% 715* Mass Transit 6,853,978 5,575,400 11,534,100 765,014 (10,769,086) 6.6% 720* Wastewater 14,255,704 13,665,000 13,665,000 2,708,422 (10,956,578) 19.8% 730* Water 12,877,414 13,030,800 13,030,800 2,792,817 (10,237,984) 21.4% 7400 Refuse Collection 5,361,656 5,311,500 5,311,500 1,010,520 (4,300,980) 19.0% 750* Landfill 8,532,077 8,596,300 8,596,300 2,178,422 (6,417,878) 25.3% 7600 Airport 435,066 456,300 456,300 124,280 (332,020) 27.2% 7700 Storm Water 1,994,264 1,912,700 1,912,700 376,793 (1,535,907) 19.7% 79** Housing Authority 14,299,682 13,677,700 13,677,700 3,604,154 (10,073,546) 26.4% Capital Project Funds Governmental Projects 19,616,741 15,628,700 16,738,400 507,036 (16,231,364) 3.0% Enterprise Projects 3,851,519 19,063,942 58,514,542 726,778 (57,787,764) 1.2% Total Budgetary Revenues 208,310,052$ 216,450,442$ 268,948,842$ 29,296,075$ (239,652,767)$ 10.9% Non-Budgetary Fund Revenues Internal Service Funds 810* Equipment 8,894,565$ 8,399,000$ 8,399,000$ 2,376,617$ (6,022,383)$ 28.3% 8200 Risk Management 1,738,939 1,684,100$ 1,684,100$ 1,539,014$ (145,087) 91.4% 830* Information Technology 3,041,851 3,213,500$ 3,213,500$ 552,426$ (2,661,074) 17.2% 8400 Central Services 190,913 179,700$ 179,700$ 54,831$ (124,869) 30.5% 8500 Health Insurance Reserves 14,236,883 14,244,200$ 14,244,200$ 3,543,089$ (10,701,111) 24.9% Total Non-Budgetary Revenues 28,567,479$ 28,181,500$ 28,181,500$ 8,179,385$ (20,002,115)$ 29.0% Total Revenues - All Funds 236,877,531$ 244,631,942$ 297,130,342$ 37,475,460$ (259,654,882)$ 12.6% City of Iowa City Revenues by Fund Fiscal Year 2026 through Septemeber 30, 2025 4 2025 Actual 2026 Budget 2026 Revised 2026 Actual Variance Percent Budgetary Fund Revenues Property Taxes 68,440,099$ 70,579,100$ 70,579,100$ 5,040,276$ (65,538,824)$ 7.1% Other City Taxes: TIF Revenues 4,567,602 4,166,800 4,166,800 141,293 (4,025,507) 3.4% Gas/Electric Excise Taxes 735,200 666,800 666,800 - (666,800) 0.0% Mobile Home Taxes 50,474 52,800 52,800 9,120 (43,680) 17.3% Hotel/Motel Taxes 2,070,387 2,043,100 2,043,100 455,098 (1,588,002) 22.3% Utility Franchise Tax 1,002,625 1,972,000 1,972,000 - (1,972,000) 0.0% Subtotal 8,426,289 8,901,500 8,901,500 605,511 (8,295,989) 6.8% Licenses, Permits, & Fees: General Use Permits 111,278 95,800 95,800 8,322 (87,478) 8.7% Food & Liquor Licenses 117,173 126,900 126,900 38,827 (88,073) 30.6% Professional License 2,045 2,300 2,300 240 (2,060) 10.4% Franchise Fees 392,518 470,000 470,000 7,287 (462,713) 1.6% Construction Permits & Insp Fees 1,760,954 1,902,400 1,902,400 393,857 (1,508,543) 20.7% Misc Lic & Permits 58,308 55,400 55,400 15,543 (39,857) 28.1% Subtotal 2,442,277 2,652,800 2,652,800 464,075 (2,188,725) 17.5% Intergovernmental: Fed Intergovernmental Revenue 22,996,522 38,582,342 56,050,642 3,852,303 (52,198,339) 6.9% Property Tax Credits 1,372,723 985,500 985,500 - (985,500) 0.0% Road Use Tax 10,593,049 10,800,000 10,800,000 2,007,199 (8,792,801) 18.6% State 28E Agreements 2,566,419 2,566,400 2,566,400 - (2,566,400) 0.0% Operating Grants 65,627 65,000 65,000 22,939 (42,061) 35.3% Other State Grants 966,311 709,200 2,110,300 240,625 (1,869,675) 11.4% Local 28E Agreements 1,501,554 1,511,500 1,511,500 661,707 (849,793) 43.8% Subtotal 40,062,205 55,219,942 74,089,342 6,784,774 (67,304,568) 9.2% Charges For Fees And Services: Building & Development 357,107 495,900 570,900 88,929 (481,971) 15.6% Police Services 109,770 85,000 85,000 48,938 (36,062) 57.6% Animal Care Services 12,619 10,200 10,200 3,160 (7,040) 31.0% Fire Services 9,120 10,000 10,000 1,260 (8,740) 12.6% Transit Fees 19 - - - - #DIV/0! Culture & Recreation 618,806 655,600 655,600 131,776 (523,824) 20.1% Misc Charges For Services 67,198 86,500 86,500 13,659 (72,842) 15.8% Water Charges 11,168,454 11,653,200 11,653,200 2,298,701 (9,354,499) 19.7% Wastewater Charges 13,174,926 13,515,000 13,515,000 2,448,989 (11,066,011) 18.1% Refuse Charges 5,715,882 5,895,000 5,895,000 1,116,598 (4,778,402) 18.9% Landfill Charges 7,042,639 7,599,300 7,599,300 1,794,456 (5,804,844) 23.6% Storm Water Charges 1,921,511 1,890,200 1,890,200 349,732 (1,540,468) 18.5% Parking Charges 7,529,201 7,329,500 7,329,500 2,034,432 (5,295,068) 27.8% Subtotal 47,727,253 49,225,400 49,300,400 10,330,629 (38,969,771) 21.0% Miscellaneous: Code Enforcement 210,265 157,300 157,300 33,348 (123,952) 21.2% Parking Fines 1,064,182 950,000 950,000 148,429 (801,572) 15.6% Library Fines & Fees 473 800 800 55 (745) 6.9% Contributions & Donations 641,893 1,463,900 1,482,100 54,391 (1,427,709) 3.7% Printed Materials 23,602 20,700 20,700 8,075 (12,625) 39.0% Animal Adoption 59,240 61,500 61,500 15,836 (45,664) 25.8% Misc Merchandise 16,988 14,000 14,000 2,660 (11,340) 19.0% Intra-City Charges 6,704,573 8,522,600 8,522,600 2,131,320 (6,391,280) 25.0% Other Misc Revenue 1,964,624 801,800 864,800 621,590 (243,210) 71.9% Special Assessments 217 800 800 - (800) 0.0% Subtotal 10,686,057$ 11,993,400$ 12,074,600$ 3,015,705$ (9,058,895)$ 25.0% City of Iowa City Revenues by Type Fiscal Year 2026 through Septemeber 30, 2025 5 2025 Actual 2026 Budget 2026 Revised 2026 Actual Variance Percent City of Iowa City Revenues by Type Fiscal Year 2026 through Septemeber 30, 2025 Use Of Money And Property: Interest Revenues 10,284,688$ 1,658,900$ 1,658,900$ 2,407,890$ 748,990$ 145.1% Rents 1,619,394 1,592,400 1,592,400 428,670 (1,163,730) 26.9% Royalties & Commissions 131,764 119,000 119,000 31,669 (87,331) 26.6% Subtotal 12,035,846 3,370,300 3,370,300 2,868,230 (502,070) 85.1% Other Financial Sources: Debt Sales 17,356,328 13,830,000 47,302,800 98,860 (47,203,940) 0.2% Sale Of Assets 185,019 427,700 427,700 26,400 (401,300) 6.2% Loans 948,681 250,300 250,300 61,614 (188,686) 24.6% Subtotal 18,490,027 14,508,000 47,980,800 186,874 (47,793,926) 0.4% Total Budgetary Revenues 208,310,052$ 216,450,442$ 268,948,842$ 29,296,074$ (239,652,768) 10.9% Non-Budgetary Fund Revenues Internal Service Funds Total Non-Budgetary Revenues 28,567,479$ 28,181,500$ 28,181,500$ 8,179,385$ (20,002,115)$ 29.0% Total Revenues - All Funds 236,877,531$ 244,631,942$ 297,130,342$ 37,475,459$ (259,654,883)$ 12.6% 6 2025 Actual 2026 Budget 2026 Revised 2026 Actual Variance Percent Budgetary Fund Expenditures General Fund 10** General Fund 70,540,976$ 73,579,100$ 79,251,800$ 16,828,637$ 62,423,163$ 21.2% Special Revenue Funds 2100 Community Dev Block Grant 1,064,935 742,600 1,104,500 62,210 1,042,290 5.6% 2110 HOME 1,115,249 484,300 2,508,200 115,592 2,392,608 4.6% 2200 Road Use Tax Fund 7,631,212 8,155,800 8,285,800 2,068,720 6,217,080 25.0% 2300 Other Shared Revenue 3,656,785 575,100 4,642,800 75,621 4,567,179 1.6% 2350 Metro Planning Org of Johnson Co. 948,702 872,600 1,247,600 211,393 1,036,207 16.9% 2400 Employee Benefits 1,186,276 1,716,900 1,716,900 511,858 1,205,042 29.8% 2450 Emergency Levy Fund 6,145 175,000 225,000 - 225,000 0.0% 2500 Affordable Housing Fund 744,302 1,000,000 1,000,000 1,058,770 (58,770) 105.9% 2510 Iowa City Property Management 176,288 417,850 457,850 39,325 418,525 8.6% 26** Tax Increment Financing 2,926,297 2,702,600 2,702,600 12,988 2,689,612 0.5% 2820 SSMID-Downtown District 704,220 668,200 668,200 - 668,200 0.0% Debt Service Fund 5*** Debt Service 13,844,703 14,390,900 14,390,900 4,100 14,386,800 0.0% Enterprise Funds 710* Parking 4,974,475 5,320,800 5,343,100 1,182,744 4,160,356 22.1% 715* Mass Transit 9,537,050 10,144,700 17,886,000 2,183,787 15,702,213 12.2% 720* Wastewater 8,762,568 13,718,400 13,872,400 2,367,941 11,504,459 17.1% 730* Water 10,383,888 10,864,300 11,751,400 3,083,115 8,668,285 26.2% 7400 Refuse Collection 4,529,929 4,827,500 4,827,500 1,163,932 3,663,568 24.1% 750* Landfill 6,149,538 6,650,400 6,660,300 1,541,169 5,119,131 23.1% 7600 Airport 434,703 426,100 426,100 132,447 293,653 31.1% 7700 Storm Water 630,481 902,900 902,900 169,444 733,456 18.8% 79** Housing Authority 13,737,629 13,828,129 13,828,129 4,592,318 9,235,811 33.2% Capital Project Funds Governmental Projects 19,991,302 37,577,800 88,795,900 6,420,701 82,375,199 7.2% Enterprise Projects 15,038,181 28,262,545 89,170,245 2,103,605 87,066,640 2.4% Total Budgetary Expenditures 198,715,833$ 238,004,524$ 371,666,124$ 45,930,417$ 325,735,707$ 12.4% Non-Budgetary Funds Expenditures Internal Service Funds 810* Equipment 6,690,234$ 7,963,900$ 10,137,300$ 1,537,329$ 8,599,971$ 15.2% 8200 Risk Management 1,293,605 1,834,400 1,834,400 527,467 1,306,933 28.8% 830* Information Technology 3,309,713 3,387,700 3,617,300 726,012 2,891,288 20.1% 8400 Central Services 187,465 199,300 199,300 38,712 160,588 19.4% 8500 Health Insurance Reserves 10,540,653 12,746,000 12,746,000 3,042,825 9,703,175 23.9% 8600 Dental Insurance Reserves 393,199 410,200 410,200 89,464 320,736 21.8% Total Non-Budgetary Expenditures 22,414,870$ 26,541,500$ 28,944,500$ 5,961,809$ 22,982,691$ 20.6% Total Expenditures - All Funds 221,130,703$ 264,546,024$ 400,610,624$ 51,892,226$ 348,718,398$ 13.0% City of Iowa City Expenditures by Fund Fiscal Year 2026 through Septemeber 30, 2025 7 2025 Actual 2026 Budget 2026 Revised 2026 Actual Variance Percent Budgetary Funds Expenditures General Fund 10** General Fund City Council 175,366$ 198,400$ 198,400$ 52,454$ 145,946$ 26.4% City Clerk 621,958 756,000 756,000 116,409 639,591 15.4% City Attorney 952,325 1,065,100 1,130,100 223,325 906,775 19.8% City Manager 5,466,838 6,240,600 7,174,100 1,409,136 5,764,964 19.6% Finance 4,609,768 5,950,700 5,950,700 2,030,872 3,919,828 34.1% Police 16,822,470 18,688,500 18,946,500 3,677,049 15,269,451 19.4% Fire 10,356,837 11,004,200 11,004,200 2,288,274 8,715,926 20.8% Parks & Recreation 10,096,316 10,788,400 10,788,400 2,135,708 8,652,692 19.8% Library 7,796,295 8,242,200 8,242,200 1,701,950 6,540,250 20.6% Senior Center 1,124,167 1,197,800 1,203,800 224,084 979,716 18.6% Neighborhood & Development Services 8,755,045 5,078,700 9,455,700 2,134,591 7,321,109 22.6% Public Works 3,340,960 3,926,400 3,959,600 742,884 3,216,716 18.8% Total General Fund 70,540,976 73,579,100 79,251,800 16,828,637 62,423,163 21.2% Special Revenue Funds 2100 Community Dev Block Grant Neighborhood & Development Services 1,064,935 742,600 1,104,500 62,210 1,042,290 5.6% 2110 HOME Neighborhood & Development Services 1,115,249 484,300 2,508,200 115,592 2,392,608 4.6% 2200 Road Use Tax Fund Public Works 7,631,212 8,155,800 8,285,800 2,068,720 6,217,080 25.0% 2300 Other Shared Revenue Neighborhood & Development Services 3,656,785 575,100 4,642,800 75,621 4,567,179 1.6% 2350 Metro Planning Org of Johnson Co Neighborhood & Development Services 948,702 872,600 1,247,600 211,393 1,036,207 16.9% 2400 Employee Benefits Finance 1,186,276 1,716,900 1,716,900 511,858 1,205,042 29.8% 2450 Emergency Levy Fund City Manager 6,145 175,000 225,000 - 225,000 0.0% 2500 Affordable Housing Fund Neighborhood & Development Services 744,302 1,000,000 1,000,000 1,058,770 (58,770) 105.9% 2510 Iowa City Property Management Neighborhood & Development Services 176,288 417,850 457,850 39,325 418,525 8.6% 26** Tax Increment Financing 2820 SSMID-Downtown District Finance 704,220 668,200 668,200 - 668,200 0.0% Total Special Revenue Funds 20,160,410 17,510,950 24,559,450 4,156,477 20,402,973 16.9% Debt Service Fund 5*** Debt Service Finance 13,844,703 14,390,900 14,390,900 4,100 14,386,800 0.0% Total Debt Service Fund 13,844,703 14,390,900 14,390,900 4,100 14,386,800 0.0% City of Iowa City Expenditures by Fund by Department Fiscal Year 2026 through Septemeber 30, 2025 8 2025 Actual 2026 Budget 2026 Revised 2026 Actual Variance Percent City of Iowa City Expenditures by Fund by Department Fiscal Year 2026 through Septemeber 30, 2025 Enterprise Funds 710* Parking 4,974,475$ 5,320,800$ 5,343,100$ 1,182,744$ 4,160,356$ 22.1% 715* Mass Transit 9,537,050 10,144,700 17,886,000 2,183,787 15,702,213 12.2% 720* Wastewater Public Works 8,762,568 13,718,400 13,872,400 2,367,941 11,504,459 17.1% 730* Water Public Works 10,383,888 10,864,300 11,751,400 3,083,115 8,668,285 26.2% 7400 Refuse Collection 4,529,929 4,827,500 4,827,500 1,163,932 3,663,568 24.1% 750* Landfill 6,149,538 6,650,400 6,660,300 1,541,169 5,119,131 23.1% 7600 Airport Airport Operations 434,703 426,100 426,100 132,447 293,653 31.1% 7700 Storm Water Public Works 630,481 902,900 902,900 169,444 733,456 18.8% 79** Housing Authority Neighborhood & Development Services 13,737,629 13,828,129 13,828,129 4,592,318 9,235,811 33.2% Total Enterprise Funds 59,140,261 66,683,229 75,497,829 16,416,896 59,080,933 21.7% Capital Project Funds Governmental Projects 19,991,302 37,577,800 88,795,900 6,420,701 82,375,199 7.2% Enterprise Projects 15,038,181 28,262,545 89,170,245 2,103,605 87,066,640 2.4% Total Capital Project Funds 35,029,483 65,840,345 177,966,145 8,524,306 169,441,839 4.8% Total Budgetary Expenditures 198,715,833$ 238,004,524$ 371,666,124$ 45,930,417$ 325,735,707$ 12.4% Non-Budgetary Funds Expenditures Internal Service Funds 810* Equipment Public Works 6,690,234$ 7,963,900$ 10,137,300$ 1,537,329$ 8,599,971$ 15.2% 8200 Risk Management Finance 1,293,605 1,834,400 1,834,400 527,467 1,306,933 28.8% 830* Information Technology Finance 3,309,713 3,387,700 3,617,300 726,012 2,891,288 20.1% 8400 Central Services Finance 187,465 199,300 199,300 38,712 160,588 19.4% 8500 Health Insurance Reserves Finance 10,540,653 12,746,000 12,746,000 3,042,825 9,703,175 23.9% 8600 Dental Insurance Reserves Finance 393,199 410,200 410,200 89,464 320,736 21.8% Total Internal Service Funds 22,414,870 26,541,500 28,944,500 5,961,809 22,982,691 20.6% Total Non-Budgetary Expenditures 22,414,870$ 26,541,500$ 28,944,500$ 5,961,809$ 22,982,691$ 20.6% Total Expenditures - All Funds 221,130,703$ 264,546,024$ 400,610,624$ 51,892,226$ 348,718,398$ 13.0% 9