WS - C - City of Tiffin 2024 - Communication Letter - Final

City of Tiffin Financial Analysis General Fund Receipts General Fund Receipts $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2022 2023 2024 Intergovernmental $322,806 $385,710 $227,664 Miscellaneous and Investment Income 100,349 226,858 174,598 Licenses, Permits, Charges and Fines 630,744 698,509 637,574 Taxes and Assessments 1,876,246 2,164,308 2,413,923 General Fund receipts totaled $3,453,759 in 2024. The main source of receipts for the City, property taxes, and other taxes receipts, increased $249,615 due to an increase in the levy. Intergovernmental receipts decreased $158,046 due to receiving American Rescue Plan Act grant dollars in the prior year. Charges for services receipts decreased $81,400 due to large payment from development in the prior year. 9