I-1 - Preliminary Official Statement - GO Bond 2025

Budget Summary 2024/25 2023/24 2022/23 Adopted Budget Re-Estimated Actual Revenues Net Property Taxes $3,790,899 $3,261,821 $3,033,773 TIF 2,180,390 1,874,666 1,653,892 Other City Taxes 693,287 79,681 7,960 License/Permits 441,573 414,469 511,421 Use of Money & Property 148,796 192,769 396,327 Intergovernmental 750,559 1,211,648 740,021 Charges for Fees & Services 3,580,650 3,036,829 3,224,240 Miscellaneous 32,700 87,700 268,255 Other Financing Sources 3,718,000 6,950,000 227,211 Transfers In 2,998,601 3,027,734 2,218,354 Total Revenues $18,335,455 $20,137,317 $12,281,454 Expenditures: Public Safety $ 1,489,863 $ 1,156,909 $ 1,050,622 Public Works 822,700 1,011,021 574,221 Culture & Recreation 674,497 740,653 632,660 Community & Economic Development 623,356 255,940 121,360 General Government 662,010 1,693,991 687,733 Debt Service 2,848,116 4,434,965 2,166,349 Capital Projects 4,453,000 3,933,000 3,474,232 Enterprise 3,937,230 4,653,112 3,535,418 Transfers Out 2,998,601 3,027,734 2,218,354 Total Expenditures & Transfers Out $18,509,373 $20,907,325 $14,460,949 Revenue & Other Sources Over (173,918) (770,008) (2,179,495) (Under) Expenditures/Transfers Out Beginning Fund Balance July 1 $7,825,479 $8,595,487 $10,774,982 Ending Fund Balance June 30 $7,651,561 $7,825,479 $8,595,487 Residential Development There were 100 single-family dwellings and 121 multi-family dwellings constructed in 2024. The status of residential subdivisions under construction, constructed or planned for the past three years is as follows: Total Number of Remaining Subdivision Number of Lots/Units Lots/Units Name Lots/Units Sold/Completed Available Daytona Estates 20 0 20 Tiffin Heights West 75 0 75 Prairie Village OPD 284 98 186 Park Place 1-8 191 157 34 Madden Addition 74 38 36 Andersen Addition 106 63 43 – 17 –