I-1 - Preliminary Official Statement Series 2021A Refunding

Budget Summary 2020/21 2019/20 2018/19 Adopted Budget Re-Estimated Actual Revenues Net Property Taxes $2,174,215 $2,035,802 $1,792,972 TIF 1,443,875 1,119,451 1,097,804 Other City Taxes 66,768 0 0 License/Permits 402,330 401,230 468,363 Use of Money & Property 50,900 48,554 54,331 Intergovernmental 745,163 1,469,739 825,013 Charges for Fees & Services 2,315,500 2,141,500 1,901,956 Miscellaneous 65,100 100,500 270,296 Other Financing Sources 6,268,345 7,421,700 3,680,724 Transfers In 2,417,991 1,238,950 4,146,193 Total Revenues $15,950,187 $15,977,426 $14,237,652 Expenditures: Public Safety $ 578,093 $ 550,902 $ 398,276 Public Works 424,412 341,173 397,306 Culture & Recreation 416,444 335,364 241,251 Community & Economic Development 91,411 78,938 105,828 General Government 599,517 423,585 413,544 Debt Service 1,855,525 1,387,365 1,457,507 Capital Projects 5,075,000 9,120,000 4,761,188 Enterprise 3,635,349 3,468,221 6,108,257 Transfers Out 2,417,991 1,238,950 4,146,193 Total Expenditures & Transfers Out $15,093,742 $16,944,498 $18,029,350 Revenue & Other Sources Over (Under) 856,445 (967,072) (3,791,698) Expenditures/Transfers Out Beginning Fund Balance July 1 $4,708,723 $5,675,795 $9,467,493 Ending Fund Balance June 30 $5,565,168 $4,708,723 $5,675,795 Residential Development There were 143 single-family dwellings and 44 multi-family dwellings constructed in 2020. The status of residential subdivisions under construction, constructed or planned within the past three years is as follows: Total Number of Remaining Subdivision Number of Lots/Units Lots/Units Name Lots/Units Sold/Completed Available Hunt Club 240 99 141 Woodfield Ridge 5,6,7 71 68 3 Tiffin Heights 168 159 9 Pinnacle Lane 29 19 10 Ridge Way Heights 53 35 18 Prairie Village 58 43 15 Park Place 1,2,3 85 67 18 Tiffin Heights East 118 110 8 Industrial Park The City currently has a 35-acre industrial park, located within the City. A-4