The Iowa Government Finance Initiative (IGFI) has released the fiscal year ending (FYE) 2017 Annual Fiscal Conditions reports for all Iowa cities.
The 2017 reports provide more information and prevent some data differently than the previous year’s reports. For example, ending fund balance is now presented separately for the governmental funds and proprietary funds. The debt service narrative clarifies that it reflects only the general obligation bonds service and not other types (revenue bonds and TIF bonds). Major revisions have also been made to the legislative update section of the reports.
The 2017 reports also include socioeconomic data until year 2016.
The IGFI reports are a valuable planning tool for Iowa cities—particularly small, rural communities—providing them with a snapshot of their fiscal condition using a set of economic, demographic, revenue, and expenditure indicators. The standardized reports make it easier for cities to assess their own financial performance and compare themselves with peer cities.
IGFI is part of a larger project funded by the Iowa State University Vice President for Extension and Outreach Initiative that addresses data needs of local governments, community leaders, and extension specialists in Iowa. IGFI provides local governments an alternative perspective about their financial performance. In addition to city governments, all Iowans can access the information and understand their respective communities’ financial condition.
The FYE 2017 city reports are available for download at the IGFI website at https://www.extension.iastate.edu/igfi/city-reports. For additional information regarding these reports, contact Biswa Das at firstname.lastname@example.org, or Cindy Kendall at email@example.com.