HomeMy WebLinkAboutA018 - October 28, 2025, Regular Meeting of the Ames City CouncilITEM #:21
DEPT:FINANCE
October 28, 2025
Staff Report
FISCAL YEAR 2025-26 FIRST QUARTER FINANCIAL UPDATE
BACKGROUND:
Governmental accounting best practices emphasize the importance of timely and periodic
financial reviews throughout the fiscal year. The Government Finance Officers Association
(GFOA) specifically recommends that governments conduct interim reviews to ensure data
accuracy, identify variances as they occur, and give decision-makers the information they
need to respond promptly to emerging trends.
While the Finance Department has historically reviewed financial information internally, this
information has not been formally compiled for presentation to the City Council. Establishing
quarterly reporting represents a significant step toward aligning the City's financial practices
with GFOA guidance, strengthening transparency, and enhancing oversight of the City’s
finances.
Quarterly reporting supports more effective budget monitoring by enabling the City to evaluate
revenues and expenditures as they occur rather than waiting until year-end. This proactive
approach ensures that unexpected changes can be addressed in time to protect service
delivery. It also provides comparative and trend data, which are essential for evaluating
financial performance, understanding the causes of variances, and supporting informed
decision-making by elected officials. Regular reporting not only improves financial
management and but also promotes accountability and transparency.
In keeping with these best practices, the Finance Department has prepared the City’s
first quarterly financial report as of September 30, 2025 which is attached for your
r e v i e w. The report provides fund balances, revenues, and expenditures for FY 2025/26
through the end of the first quarter, along with comparative information from the prior fiscal
year. The quarterly report will serve two purposes: it will offer the City Council a clear picture
of the City’s financial position during the year, and it will function as an internal monitoring tool
for the Finance Department to identify inaccuracies, anomalies, and unanticipated changes in
financial activity.
OPTIONS:
Should the City Council desire additional or more detailed information, staff should be directed
to include that information in a future report.
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STAFF COMMENTS:
The Finance Department intends to make quarterly reporting a standard practice moving
forward. Reports will be provided after each quarter of the fiscal year, with accompanying
analysis to highlight major findings and explain significant variances. By implementing this
practice, the City demonstrates its commitment to sound financial management, transparency,
and adherence to GFOA’s recognized best practices in governmental finance.
ATTACHMENT(S):
2025-26 Quarter 1 Financial Report final.pdf
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City of Ames, Iowa
Fiscal Year 2025/26
Quarter 1 Financial Report
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FY 2025/26 Quarterly Financial Summary
Period Ending September 30, 2025
Introduction
The following reports summarize the City’s revenues, expenditures and fund balances for the first
quarter of FY 2025/26.
It should be noted that the “Fund Balance at 6/30/25” amounts for each fund (the first column in
the fund balance report) are still unaudited numbers at this point. The balances could change
because of late revenue or expense accruals as well as other audit adjustments. The balances
will be updated in future quarterly reports.
A few other explanations for the “Fund Balance at 6/30/25” column:
- Many of the funds with negative balances at the beginning of the year are construction or
grant funds with expenditures in FY 2024/25 for which reimbursement wasn’t received by the
end of the fiscal year. These funds include Public Safety Donations and Grants, the CDBG
Program, Parks and Recreation Grants, Street Construction, Sewer Improvements, and
Stormwater Improvements. It’s common for expenditures and reimbursements in these types
of funds to cross fiscal years and the reimbursements will be received in FY 2025/26.
- The Special Assessments fund traditionally has a negative beginning balance. When
assessments are created to cover the cost of debt issuance, the principal and interest
payments for the debt begin immediately. The assessment revenue received to cover the cost
of the debt, however, is collected over time. The fund’s negative balance will be resolved over
time as the assessments are collected.
Revenues
The adjusted budget for revenues is unchanged from the adopted budget. The first FY 2025/26
budget amendment approved by City Council in September was for expenditures only. Overall
revenues on 9/30/25 were at 18.9% of the adopted amount for FY 2025/26. While it might seem
that revenues should be at 25% at the end of the first quarter, it should be noted that many
revenues are received at the end of periods. Local Option Sales Tax that was received in July, for
example, was really for June and was therefore accrued to the prior fiscal year.
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Other items to note in the revenues:
- There is revenue in grant and donation funds that wasn’t included in the adopted budget or
was included at a lower amount. These revenue budgets will be revised in the 2025/26
adjusted budget and include Police Forfeiture, Public Safety Donations and Grants, Animal
Shelter Donations, New Animal Shelter Donations, and Parks and Recreation Donations.
- The Sewer Utility Fund’s revenue is currently at 33.9% of the fund’s total for the year and is
significantly higher than the revenue at 9/30/24. This is due to a billing to NADC for $2,126,036
for their prepayment on their contribution to the improvements at the WPC facility.
- The Resource Recovery Improvements fund shows negative interest of $227 because
expenses for the land purchase for the new Resource Recovery and Recycling Campus were
made in the fund. The bonds to cover the expenses, however, have not yet been issued.
Because the fund is currently in a negative balance, the fund is being charged interest in the
pooled cash and investment system.
- The Shared Communications fund, which accounts for the revenues and expenses of the
MAPSG system funded through the City, ISU, Story County, and the E911 system shows
negative revenue of $85,497 at the end of the first quarter. The expenses in this fund are
reimbursed by the participating entities at the end of the calendar year, but an accrual is made
at the end of the fiscal year as a portion of the revenue is for January through June of the prior
year. The accrual was then reversed in FY 2025/26 so the revenue would not be overstated
in the current year when the invoices are processed.
Expenditures
The FY 2025/26 Adjusted budget for expenditures includes the amounts adopted in the FY
2025/26 budget and the amounts included in the first amendment to the FY 2025/26 budget
approved by City Council in September. A significant portion of the amounts included in the
amendment are carryover amounts for capital projects that were incomplete at the end of FY
2024/25.
Actual expenditures at 9/30/25 are at 14.3% of adjusted budgeted expenditures. None of the
expenditures seem out-of-line with what would be expected at this point in the fiscal year.
An explanation of some unusual items:
- The $346 negative expenditure in the Park Development funds is due to an expense that was
accrued to the prior fiscal year.
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Fund Balance Summary
Fund FY 2025/26 FY 2025/26 Quarter 1 Adopted
Balance Year-to-Date Year-to-Date Ending Ending
06/30/25 Revenues Expenditures Balance Balance
General Fund $ 14,549,649 $ 6,025,287 $ 10,584,409 $ 9,990,527 $ 10,904,767
Special Revenue Funds:
Local Option Tax $ 9,830,025 $ 1,945,428 $ 1,855,405 $ 9,920,048 $ 5,369,944
Hotel Motel Tax 1,845,983 566,604 777,563 1,635,024 1,970,751
Road Use Tax 9,909,645 1,782,332 2,267,320 9,424,657 4,075,607
Bike Licenses - - - - -
Police Forfeiture 167,301 21,949 22,207 167,043 156,657
Public Safety Donations and Grants (7,005) 47,029 17,301 22,723 7,494
Animal Shelter Donations 161,950 24,819 10,528 176,241 151,015
New Animal Shelter Donations 462,350 1,400,843 - 1,863,193 -
City-Wide Housing 383,353 - 9,026 374,327 388,563
CDBG Program (12,034) 153,286 88,178 53,074 -
HOME Program - - 6,177 (6,177) -
Fire/Police Retirement - - - - -
Parks/Recreation Grants (193,869) - - (193,869) -
Parks/Recreation Donations 213,148 82,690 91,863 203,975 6,912
Parks/Recreation Scholarships 505,117 7,801 - 512,918 497,059
American Rescue Plan 3,361,482 - 85,611 3,275,871 2,748,750
Library Donations and Grants 487,257 159,310 79,292 567,275 519,800
Utility Assistance 22,932 5,149 - 28,081 18,010
Public Art Donations 32 - - 32 32
Developer Projects Fund 248,981 474 - 249,455 249,758
Economic Development 547,166 28,031 28,031 547,166 647,166
Tax Increment Financing 1,257,007 10,560 - 1,267,567 940,359
Total Special Revenue Funds $ 29,190,821 $ 6,236,305 $ 5,338,502 $ 30,088,624 $ 17,747,877
Capital Project Funds:
Special Assessments $ (582,647) $ - $ - $ (582,647) $ (659,940)
Street Construction (1,405,431) - 1,477,342 (2,882,773) 294,325
Park Development 583,894 5,103 (346) 589,343 721,469
Winakor Donation 2,039,725 17,725 - 2,057,450 1,996,665
Indoor Aquatic Center Donations 583,189 7,776 161,380 429,585 54,813
Council Priorities Capital Fund 8,325,982 72,325 89,946 8,308,361 6,765,399
General Obligation Bonds 23,398,234 469,280 2,861,331 21,006,183 6,207,447
Total Capital Project Funds $ 32,942,946 $ 572,209 $ 4,589,653 $ 28,925,502 $ 15,380,178
Permanent Funds:
Cemetery Perpetual Care $ 1,132,565 $ 5,883 $ - $ 1,138,448 $ 1,134,830
Furman Aquatic Center Trust 1,165,905 10,122 - 1,176,027 1,134,931
Total Permanent Funds $ 2,298,470 $ 16,005 $ - $ 2,314,475 $ 2,269,761
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Fund Balance Summary, continued
Fund FY 2025/26 FY 2025/26 Quarter 1 Adopted
Balance Year-to-Date Year-to-Date Ending Ending
06/30/25 Revenues Expenditures Balance Balance
Enterprise Funds:
Airport Operations $ 15,245 $ 76,508 $ 41,389 $ 50,364 $ 81,967
Airport Improvements 269,619 577,799 373,410 474,008 338,249
Airport Sigler Reserve 2,931,422 24,720 - 2,956,142 2,862,068
Water Utility 21,796,890 3,484,313 3,336,775 21,944,428 19,959,473
Water Construction 187,703 - 609,984 (422,281) 185,533
Water Sinking 265,970 1,160,375 - 1,426,345 189,605
Sewer Utility 26,065,244 5,305,795 1,685,907 29,685,132 23,079,768
Sewer Improvements (7,784,045) 8,890,904 4,133,244 (3,026,385) -
Sewer Sinking 114,181 357,146 - 471,327 12,682
Electric Utility 58,029,315 17,751,691 19,837,207 55,943,799 41,784,675
Electric Sinking 80,518 241,519 - 322,037 80,507
SunSmart Community Solar 1,004,830 44,119 40,137 1,008,812 959,532
Electric Sustainability Reserve 2,555,160 21,787 - 2,576,947 2,500,107
Parking Operations 106,551 210,228 225,354 91,425 129,985
Parking Capital Reserve 1,290,554 10,972 - 1,301,526 1,252,578
Transit Operations 8,699,463 1,405,159 3,436,642 6,667,980 7,477,584
Transit Student Government Trust 1,529,822 13,319 - 1,543,141 1,489,475
Transit Capital Reserve 15,283,975 129,585 207,819 15,205,741 11,501,049
Stormwater Utility 8,753,028 458,023 554,237 8,656,814 2,611,122
Stormwater Improvements (40,000) - 66,719 (106,719) -
Ames/ISU Ice Arena 358,972 92,975 164,590 287,357 359,847
Ice Arena Capital Reserve 71,283 166 1,057 70,392 52,317
Homewood Golf Course 964,414 206,507 96,407 1,074,514 812,326
Resource Recovery 1,825,496 755,269 897,581 1,683,184 1,135,515
Resource Recovery Improvements - (227) 267,817 (268,044) -
Total Enterprise Funds $144,375,610 $ 41,218,652 $ 35,976,276 $149,617,986 $118,855,964
Debt Service $ 3,834,328 $ 1,241,119 $ - $ 5,075,447 $ 4,528,442
Internal Service Funds:
Fleet Services $ 100,377 $ 267,876 $ 547,212 $ (178,959) $ 183,511
Fleet Replacement Reserve 13,350,453 232,807 366,552 13,216,708 12,443,989
Fleet Services Reserve 1,761,752 124,465 60,000 1,826,217 1,339,703
Information Technology 120,002 485,032 592,211 12,823 120,000
Technology Replacement Reserve 2,364,596 - 110,723 2,253,873 2,249,131
Shared Communications (85,499) (85,497) 268,658 (439,654) -
Information Technology Reserve 1,919,103 28,599 77,511 1,870,191 1,512,069
Risk Management 4,093,500 950,782 2,141,249 2,903,033 4,047,280
Health Insurance 7,651,150 3,325,614 2,819,860 8,156,904 7,245,151
Total Internal Service Funds $ 31,275,434 $ 5,329,678 $ 6,983,976 $ 29,621,136 $ 29,140,834
Totals $258,467,258 $ 60,639,255 $ 63,472,816 $255,633,697 $198,827,823
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Revenue Summary by Fund
FY 2024/25 FY 2025/26 % of Actual Actual at Adopted Adjusted Actual at Actual to (full year) 09/30/24 Budget Budget 09/30/25 Adjusted
General Fund $ 46,416,801 $ 6,293,421 $ 47,465,237 $ 47,465,237 $ 6,025,287 12.7%
Special Revenue Funds:
Local Option Tax $ 12,011,678 $ 1,966,107 $ 12,558,616 $ 12,558,616 $ 1,945,428 15.5%
Hotel Motel Tax 3,027,969 549,575 2,773,000 2,773,000 566,604 20.4%
Road Use Tax 9,407,604 1,752,903 9,504,055 9,504,055 1,782,332 18.8%
Bike Licenses - - - - -
Police Forfeiture 25,915 21,941 10,000 10,000 21,949 219.5%
Public Safety Donations and Grants 42,239 559 48,000 48,000 47,029 98.0%
Animal Shelter Donations 139,894 15,481 79,000 79,000 24,819 31.4%
New Animal Shelter Donations 462,350 - 1,500,000 1,500,000 1,400,843 93.4%
City-Wide Housing - - 500 500 - 0.0%
CDBG Program 590,163 46,752 684,122 684,122 153,286 22.4%
HOME Program 1,948,389 - 256,483 256,483 - 0.0%
IEDA/COVID-19 - - - - -
HOME/American Rescue Plan - - 630,983 630,983 - 0.0%
Fire/Police Retirement 173 190 - - -
Parks/Recreation Grants 48,804 - 567,900 567,900 - 0.0%
Parks/Recreation Donations 210,140 64,414 93,912 93,912 82,690 88.1%
Parks/Recreation Scholarships 224,058 5,585 11,000 11,000 7,801 70.9%
American Rescue Plan - - - - -
Library Donations and Grants 338,838 9,235 485,131 485,131 159,310 32.8%
Utility Assistance 24,198 4,701 15,500 15,500 5,149 33.2%
Public Art Donations - - - - -
Developer Projects 2,723 419 1,500 1,500 474 31.6%
Economic Development 28,031 28,031 28,032 28,032 28,031 100.0%
Tax Increment Financing 420,049 11,012 595,000 595,000 10,560 1.8%
Total Special Revenue Funds $ 28,953,215 $ 4,476,905 $ 29,842,734 $ 29,842,734 $ 6,236,305 20.9%
Capital Project Funds:
Special Assessments $ 303,875 $ 2,517 $ 209,414 $ 209,414 $ - 0.0%
Street Construction 4,098,209 - 3,786,000 3,786,000 - 0.0%
Park Development 126,400 4,075 115,000 115,000 5,103 4.4%
Winakor Donation 91,060 11,877 45,000 45,000 17,725 39.4%
Indoor Aquatic Center Donations 3,980,338 (1,655) 800,000 800,000 7,776 1.0%
Council Priorities Capital Fund 4,722,105 37,764 60,000 60,000 72,325 120.5%
General Obligation Bonds 20,127,571 18,973,185 15,270,000 15,270,000 469,280 3.1%
Total Capital Project Funds $ 33,449,558 $19,027,763 $ 20,285,414 $ 20,285,414 $ 572,209 2.8%
Permanent Funds:
Cemetery Perpetual Care $ 23,305 $ 5,694 $ 26,250 $ 26,250 $ 5,883 22.4%
Furman Aquatic Center Trust 58,670 9,062 35,000 35,000 10,122 28.9%
Total Permanent Funds $ 81,975 $ 14,756 $ 61,250 $ 61,250 $ 16,005 26.1%
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Revenue Summary by Fund, continued
FY 2024/25 FY 2025/26 % of Actual Actual at Adopted Adjusted Actual at Actual to (full year) 09/30/24 Budget Budget 09/30/25 Adjusted
Enterprise Funds:
Airport Operations $ 254,823 $ 76,178 $ 326,467 $ 326,467 $ 76,508 23.4%
Airport Improvements 2,095,264 (3,343) 10,770,941 10,770,941 577,799 5.4%
Airport Sigler Reserve 144,355 22,326 75,000 75,000 24,720 33.0%
Water Utility 16,002,529 3,571,440 17,181,604 17,181,604 3,484,313 20.3%
Water Construction 812,292 200,566 - - -
Water Sinking 4,512,258 752,043 4,640,852 4,640,852 1,160,375 25.0%
Sewer Utility 13,567,571 2,675,122 13,553,800 13,553,800 5,305,795 39.1%
Sewer Improvements 15,990,677 2,071,122 26,240,000 26,240,000 8,890,904 33.9%
Sewer Sinking 1,576,522 238,587 1,428,532 1,428,532 357,146 25.0%
Electric Utility 71,840,512 15,737,343 77,098,000 77,098,000 17,751,691 23.0%
Electric Sinking 966,213 161,035 966,253 966,253 241,519 25.0%
SunSmart Community Solar 193,747 60,961 178,000 178,000 44,119 24.8%
Electric Sustainability Reserve 125,053 19,223 70,000 70,000 21,787 31.1%
Parking Operations 861,112 204,983 1,030,800 1,030,800 210,228 20.4%
Parking Capital Reserve 62,975 9,681 30,000 30,000 10,972 36.6%
Transit Operations 16,024,937 1,017,533 15,686,069 15,686,069 1,405,159 9.0%
Transit Student Government Trust 499,492 8,320 19,000 19,000 13,319 70.1%
Transit Capital Reserve 2,840,336 235,253 5,409,056 5,409,056 129,585 2.4%
Stormwater Utility 2,520,474 453,573 2,218,500 2,218,500 458,023 20.6%
Stormwater Improvements - - 400,000 400,000 - 0.0%
Ames/ISU Ice Arena 678,162 61,705 694,595 694,595 92,975 13.4%
Ice Arena Capital Reserve 84,804 767 83,000 83,000 166 0.2%
Homewood Golf Course 614,954 211,935 578,956 578,956 206,507 35.7%
Resource Recovery 5,308,335 982,923 5,517,828 5,517,828 755,269 13.7%
Res Recovery Improvements - - - - (227)
Total Enterprise Funds $157,577,397 $28,769,276 $184,197,253 $184,197,253 $41,218,652 22.4%
Debt Service $ 13,385,488 $ 1,362,573 $ 13,479,696 $ 13,479,696 $ 1,241,119 9.2%
Internal Service Funds:
Fleet Services $ 2,637,295 $ 229,281 $ 2,880,656 $ 2,880,656 $ 267,876 9.3%
Fleet Replacement Reserve 2,643,704 198,255 2,458,721 2,458,721 232,807 9.5%
Fleet Services Reserve 730,389 110,956 400,000 400,000 124,465 31.1%
Information Technology 2,314,038 9,719 1,979,252 1,979,252 485,032 24.5%
Technology Replacement Reserve 334,913 - 326,676 326,676 - 0.0%
Shared Communications 367,399 (51,987) 400,000 400,000 (85,497) -21.4%
Information Technology Reserve 629,876 24,190 70,000 70,000 28,599 40.9%
Risk Management 3,490,502 296,722 3,745,829 3,745,829 950,782 25.4%
Health Insurance 13,764,065 3,424,749 13,154,161 13,154,161 3,325,614 25.3%
Total Internal Service Funds $ 26,912,181 $ 4,241,885 $ 25,415,295 $ 25,415,295 $ 5,329,678 21.0%
Totals $306,776,615 $64,186,579 $320,746,879 $320,746,879 $60,639,255 18.9%
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Expenditure Summary by Fund
FY 2024/25 FY 2025/26 % of Actual Actual at Adopted Adjusted Actual at Actual to (full year) 09/30/24 Budget Budget 09/30/25 Adjusted
General Fund $ 48,909,593 $10,813,921 $ 47,465,237 $ 49,926,492 $10,584,409 21.2%
Special Revenue Funds:
Local Option Tax $ 12,874,887 $ 2,075,015 $ 12,514,377 $ 17,028,876 $ 1,855,405 10.9%
Hotel Motel Tax 3,114,588 920,723 2,580,261 2,658,212 777,563 29.3%
Road Use Tax 8,911,230 1,801,007 11,225,779 16,633,080 2,267,320 13.6%
Bike Licenses 10,026 - - - -
Police Forfeiture 31,272 1,490 12,000 12,000 22,207 185.1%
Public Safety Donations and Grants 53,914 3,730 48,000 48,000 17,301 36.0%
Animal Shelter Donations 120,957 20,675 80,500 80,500 10,528 13.1%
New Animal Shelter Donations - - 1,500,000 4,500,000 - 0.0%
City-Wide Housing 33,514 3,003 29,410 29,410 9,026 30.7%
CDBG Program 667,675 42,982 684,122 684,122 88,178 12.9%
HOME Program 1,948,389 335,569 256,483 256,483 6,177 2.4%
IEDA/COVID-19 - - - - -
HOME/American Rescue Plan - - 630,983 630,983 - 0.0%
Fire/Police Retirement 16,067 - - - -
Parks/Recreation Grants 48,904 - 567,900 567,900 - 0.0%
Parks/Recreation Donations 139,084 1,771 87,000 283,466 91,863 32.4%
Parks/Recreation Scholarships - - - - -
American Rescue Plan 2,789,825 (144,976) - 612,732 85,611 14.0%
Library Donations and Grants 362,644 82,883 471,831 471,831 79,292 16.8%
Utility Assistance 19,275 - 15,500 15,500 - 0.0%
Public Art Donations 3,950 - - - -
Developer Projects Fund - - - - -
Economic Development 28,032 28,031 28,032 28,032 28,031 100.0%
Tax Increment Financing 680,000 - 882,550 882,550 - -
Total Special Revenue Funds $ 31,854,233 $ 5,171,903 $ 31,614,728 $ 45,423,677 $ 5,338,502 11.8%
Capital Project Funds:
Special Assessments $ 44,928 $ - $ 49,400 $ 49,400 $ - 0.0%
Street Construction 3,738,095 550,923 3,786,000 11,357,443 1,477,342 13.0%
Park Development 93,884 - - 130,330 (346) -0.3%
Winakor Donation - 654,594 139,366 139,366 - 0.0%
Indoor Aquatic Center Donations 3,413,086 311,842 800,000 800,000 161,380 20.2%
Council Priorities Capital Fund 1,121,803 - 1,750,000 3,065,278 89,946 2.9%
General Obligation Bonds 18,660,849 2,672,656 18,240,213 33,075,940 2,861,331 8.7%
Total Capital Project Funds $ 27,072,645 $ 4,190,015 $ 24,764,979 $ 48,617,757 $ 4,589,653 9.4%
Permanent Funds:
Cemetery Perpetual Care $ - $ - $ - $ - $ -
Furman Aquatic Center Trust 16,696 - - - -
Total Permanent Funds $ 16,696 $ - $ - $ - $ -
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Expenditure Summary by Fund, continued
FY 2024/25 FY 2025/26 % of Actual Actual at Adopted Adjusted Actual at Actual to (full year) 09/30/24 Budget Budget 09/30/25 Adjusted
Enterprise Funds:
Airport Operations $ 321,546 $ 26,876 $ 326,467 $ 326,467 $ 41,389 12.7%
Airport Improvements 2,619,376 535,820 10,784,250 12,879,179 373,410 2.9%
Airport Sigler Reserve 65,956 - 67,945 67,945 - 0.0%
Water Utility 14,647,028 2,473,158 19,971,633 25,618,815 3,336,775 13.0%
Water Construction 1,099,010 (299,401) - 4,457,757 609,984 13.7%
Water Sinking 4,421,563 - 4,641,500 4,641,500 - 0.0%
Sewer Utility 10,437,871 2,468,819 10,672,882 13,144,554 1,685,907 12.8%
Sewer Improvements 18,521,483 8,987 26,240,000 43,736,485 4,133,244 9.5%
Sewer Sinking 1,474,202 - 1,428,582 1,428,582 - 0.0%
Electric Utility 70,608,756 13,225,696 80,411,931 98,240,328 19,837,207 20.2%
Electric Sinking 966,213 - 966,075 966,075 - 0.0%
SunSmart Community Solar 189,638 38,562 185,602 185,602 40,137 21.6%
Electric Sustainability Reserve - - - - -
Parking Operations 882,345 167,453 1,031,607 1,059,107 225,354 21.3%
Parking Capital Reserve - - - - -
Transit Operations 17,175,531 2,846,105 16,492,130 16,492,130 3,436,642 20.8%
Transit Student Government Trust - - - - -
Transit Capital Reserve 992,814 57,451 6,510,563 17,817,882 207,819 1.2%
Stormwater Utility 1,691,520 192,453 3,137,255 8,619,453 554,237 6.4%
Stormwater Improvements 40,000 - 400,000 1,660,000 66,719 4.0%
Ames/ISU Ice Arena 602,501 126,225 595,249 595,249 164,590 27.7%
Ice Arena Capital Reserve 137,607 - - 16,268 1,057 6.5%
Homewood Golf Course 361,003 80,419 406,229 481,229 96,407 20.0%
Resource Recovery 4,931,963 983,079 5,577,633 5,933,796 897,581 15.1%
Res Recovery Improvements 65,587 - - 880,000 267,817 30.4%
Total Enterprise Funds $152,253,513 $22,931,702 $189,847,533 $259,248,403 $35,976,276 13.9%
Debt Service $ 13,421,870 $ - $ 14,092,994 $ 14,092,994 $ - 0.0%
Internal Service Funds:
Fleet Services $ 2,650,183 $ 431,316 $ 2,840,656 $ 2,840,656 $ 547,212 19.3%
Fleet Replacement Reserve 2,645,205 962,655 2,835,300 3,992,000 366,552 9.2%
Fleet Services Reserve 128,339 28,339 100,000 160,000 60,000 37.5%
Information Technology 2,314,038 499,422 1,979,252 1,979,252 592,211 29.9%
Technology Replacement Reserve 262,814 23,509 250,800 363,150 110,723 30.5%
Shared Communications 367,401 248,095 400,000 400,000 268,658 67.2%
Information Technology Reserve 169,518 9,996 130,000 168,035 77,511 46.1%
Risk Management 3,352,993 2,298,959 3,650,429 3,650,429 2,141,249 58.7%
Health Insurance 13,784,970 2,519,060 12,548,612 12,548,612 2,819,860 22.5%
Total Internal Service Funds $ 25,675,461 $ 7,021,351 $ 24,735,049 $ 26,102,134 $ 6,983,976 26.8%
Totals $299,204,011 $50,128,892 $332,520,520 $443,411,457 $63,472,816 14.3%
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