City of University Heights, Iowa
University Heights City Hall | 1004 Melrose Avenue, University Heights (Iowa City) 52246 | 319-337-6900
Jim Lane, Finance Committee chair

U-H Financial Information

FY 2013 Budget- Preliminary Budget #1 (Excel Spreadsheet)
The budget guidelines for fiscal 2013 (beginning July 1, 2012) are set by state statute. City departments are currently in the process of gathering information for submitting requests for the 2013 budget. These will be discussed at the February 14, 2012 City Council meeting. Final approval of the 2013 budget will occur at the March 13, 2012 City Council meeting. The proposed budget will be posted in advance and a public hearing will be held that night. By law the proposed budget must be submitted to the Iowa Department of Management no later than March 15, 2012.

City Audit
Every 4 years, University Heights, by statute, has to complete an outside audit. Kronlage & Olson of Charles City, IA presented their Audit Report at the January 2012 council meeting. In their summary section (p. 30) they found four material weaknesses of the city. In each case the city's response to the weakness was accepted.

-Jim Lane, Finance Committee Chair

PROPOSED Budget

FY 2013 Proposed Budget Summary

 Budget Hearing March 13, 2012 at Regular Council Meeting

CURRENT Budget

FY 2012 Narrative Budget FY12 Comparison Budget/Actual (6 months)

Previous Budgets

YEAR PROPOSED AMENDED REASONS Budget vs Actual
2011        
2010 FY10 Budget Summary      
2009 FY09 Budget Summary FY 09 Amended Budget

ADDITIONAL BUILDING PERMITS, TRAFFIC SAFETY GRANTS, CHARGES FOR SERVICE, SPECIAL ASSESSMENTS AND REIMBURSEMENTS. DECREASE IN TRAFFIC FINES. INCREASE IN POLICE OPERATING COSTS. PURCHASE OF NEW POLICE CAR. DECREASE IN BUDGETED STREET REPAIR PROJECTS. INCREASE IN SNOW REMOVAL AND LEAF VACUUMING. INCREASE IN LEGAL FEES. INCREASE IN INTEREST EXPENSE/FEES ON DEBT SERVICE. ADJUST BEGINNING FUND BALANCE TO ACTUAL.

 FY 09 Comparison Budget/Actual
2008 FY08 Budget Summary FY 08 Amended Budget Additional interest income, storm damage and traffic safety grants, forfeitures, security and inspection services. Decrease in traffic fines, parking fines and miscellaneous reimbursements to the City. Increase in bond sale proceeds.
Increase in police operating costs, engineering services, snow removal costs, and legal services. Interest expense on general obligation debt.  Adjust beginning cash balance to actual.		 FY 08 Comparison Budget/Actual
2007 FY07 Budget Summary FY 07 Amended Budget ADD TRAFFIC SAFETY AND FEMA GRANTS. INCREASE BUILDING AND RENTAL PERMITS AND CHARGES FOR SERVICES. DECREASE INTEREST INCOME AND MISCELLANEOUS RECEIPTS. INCREASE IN POLICE OPERATING COSTS. INCREASE IN STORMWATER PERMIT, LEAF VACUUMING EXPENSE AND LIBRARY EXPENSES. INCREASE IN LEGAL FEES FEES. INCREASE IN CITY ENGINEER FEES. DECREASE IN STREET IMPROVEMENT PROJECTS. ADJUST BEGINNING CASH BALANCE TO ACTUAL.