STATE OF IOWA 2024 FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2024 CITY OF MUSCATINE, IOWA DUE: December 1, 2024 16207000300000 CITY OF MUSCATINE 215 Sycamore MUSCATINE IA 52761-3840 POPULATION: 23797 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Census Bureau, various public interest groups, and State and federal agencies. ALL FUNDS Governmental (a) Proprietary (b) Total Actual (c) Budget (d) Revenues and Other Financing Sources Taxes Levied on Property 16143123 16,143,123 16,143,123 Less: Uncollected Property Taxes-Levy Year 1,009 1,009 0 Net Current Property Taxes 16,142,114 16,142,114 16,143,123 Delinquent Property Taxes 187 187 0 TIF Revenues 2,560,231 2,560,231 2,567,800 Other City Taxes 5,210,773 0 5,210,773 5,266,790 Licenses and Permits 628,213 20,790 649,003 553,600 Use of Money and Property 1,117,044 2,273,820 3,390,864 2,513,600 Intergovernmental 9,420,345 1,655,370 11,075,715 15,287,968 Charges for Fees and Service 607,437 16,397,758 17,005,195 16,551,800 Special Assessments 0 0 0 0 Miscellaneous 5,783,134 5,289,760 11,072,894 9,152,000 Other Financing Sources, Including Transfers in 19,504,649 10,967,557 30,472,206 32,400,999 Total Revenues and Other Sources 60,974,127 36,605,055 97,579,182 100,437,680 Expenditures and Other Financing Uses Public Safety 11,956,071 11,956,071 12,186,800 Public Works 3,278,642 3,278,642 3,551,700 Health and Social Services 60,000 60,000 60,000 Culture and Recreation 4,380,882 4,380,882 4,738,500 Community and Economic Development 6,446,326 6,446,326 8,352,100 General Government 3,666,492 3,666,492 3,887,523 Debt Service 2,861,131 2,861,131 2,951,509 Capital Projects 3,748,810 3,748,810 7,419,000 Total Governmental Activities Expenditures 36,398,354 0 36,398,354 43,147,132 Business type activities 30,700,602 30,700,602 35,726,680 Total All Expenditures 36,398,354 30,700,602 67,098,956 78,873,812 Other Financing Uses, Including Transfers Out 15,742,276 5,312,140 21,054,416 21,849,999 Total All Expenditures/and Other Financing Uses 52,140,630 36,012,742 88,153,372 100,723,811 Excess Revenues and Other Sources Over (Under) Expenditures/ 8,833,497 592,313 9,425,810 -286,131 and Other Financing Uses Beginning Fund Balance July 1, 2023 17,682,290 24,180,713 41,863,003 41,643,266 Ending Fund Balance June 30, 2024 26,515,787 24,773,026 51,288,813 41,357,135 NOTE - These balances do not include the following, which were not budgeted and are not available for city operations: Non-budgeted Internal Service Funds Pension Trust Funds -254,934 Private Purpose Trust Funds Agency Funds Indebtedness at June 30, 2024 General Obligation Debt Revenue Debt TIF Revenue Debt Amount Indebtedness at June 30, 2024 21,040,907 Other Long-Term Debt 7,374,000 Short-Term Debt 0 General Obligation Debt Limit Amount 0 0 86,167,073