J-1 - 2025 AFR

11/25/25, 8:57 AM Local Government Property Valuation System STATE OF IOWA 16205200900000 2025 FINANCIAL REPORT CITY OF TIFFIN FISCAL YEAR ENDED PO Box 259 JUNE 30, 2025 TIFFIN IA 52340-0259 CITY OF TIFFIN, IOWA DUE: December 1, 2025 POPULATION: 4512 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 Proprietary Total Actual Budget (a) (b) (c) (d) Revenues and Other Financing Sources Taxes Levied on Property 3,944,248 3,944,248 3,790,898 Less: Uncollected Property Taxes-Levy Year 0 0 0 Net Current Property Taxes 3,944,248 3,944,248 3,790,898 Delinquent Property Taxes 0 0 0 TIF Revenues 2,032,604 2,032,604 2,180,390 Other City Taxes 971,136 0 971,136 693,287 Licenses and Permits 469,119 0 469,119 441,573 Use of Money and Property 326,246 86,349 412,595 148,796 Intergovernmental 808,833 0 808,833 750,559 Charges for Fees and Service 316,298 3,391,866 3,708,164 3,580,650 Special Assessments 0 0 0 0 Miscellaneous 929,536 15,016 944,552 32,700 Other Financing Sources 7,574,571 599,133 8,173,704 9,118,000 Transfers In 2,129,539 599,133 2,728,672 2,998,601 Total Revenues and Other Sources 17,372,591 4,092,364 21,464,955 23,735,454 Expenditures and Other Financing Uses Public Safety 1,681,309 1,681,309 2,299,863 Public Works 955,769 955,769 1,340,700 Health and Social Services 0 0 0 Culture and Recreation 757,029 757,029 749,857 Community and Economic Development 659,004 659,004 623,356 General Government 718,811 718,811 1,221,340 Debt Service 2,846,488 2,846,488 4,505,911 Capital Projects 4,746,473 4,746,473 4,453,000 Total Governmental Activities Expenditures 12,364,883 0 12,364,883 15,194,027 BUSINESS TYPE ACTIVITIES 4,144,129 4,144,129 4,559,864 Total All Expenditures 12,364,883 4,144,129 16,509,012 19,753,891 Other Financing Uses 2,106,039 622,633 2,728,672 Transfers Out 2,106,039 622,633 2,728,672 2,998,601 Total All Expenditures/and Other Financing Uses 14,470,922 4,766,762 19,237,684 22,752,492 Excess Revenues and Other Sources Over (Under) 2,901,669 -674,398 2,227,271 982,962 Expenditures/and Other Financing Uses Beginning Fund Balance July 1, 2024 8,447,658 2,614,290 11,061,948 8,888,382 Ending Fund Balance June 30, 2025 11,349,327 1,939,892 13,289,219 9,871,344 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 Private Purpose Trust Funds Agency Funds Indebtedness at June 30, 2025 Amount Indebtedness at June 30, 2025 Amount General Obligation Debt 21,519,000 Other Long-Term Debt 0 Revenue Debt 5,765,059 Short-Term Debt 0 TIF Revenue Debt 0 General Obligation Debt Limit 40,045,079 CERTIFICATION The forgoing report is correct to the best of my knowledge and belief Publication 11/22/2025 Signature of Preparer Printed name of Preparer Phone Number Date Signed Signature of Mayor or Mayor Pro Tem (Name and Title) PLEASE PUBLISH THIS PAGE ONLY https://dom-localgov.iowa.gov/afr?id=9908 1/17