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

City of Tiffin Financial Analysis Enterprise Funds (Continued) The following graph illustrates the total cash and cash equivalents for the Enterprise Funds: Enterprise Fund Cash Position $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2022 2023 2024 Water Fund $2,302,899 $1,758,986 $1,514,907 Sewer Fund 821,378 890,854 508,909 Storm Water Fund 349,387 423,259 468,609 Recycling Fund 151,047 125,123 139,939 The Water Fund cash balances decreased $244,079 to an ending balance of $1,514,907. Of this amount $83,770 is restricted for utility deposits. Unrestricted cash balance, available for spending, is $1,431,137. Cash balances decreased related to additional capital projects. The Sewer Fund cash balances decreased $381,945 to an ending balance of $508,909. Of this amount $161,093 is restricted for Capital projects related to unspent bond proceeds. Unrestricted cash balance, available for spending, is $347,816. The Storm Water Fund cash balances increased $45,350 to an ending balance of $468,609. The Recycling Fund cash balances increased $14,816 to an ending balance of $139,939. 12