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

City of Tiffin Financial Analysis Capital Projects Funds The following graph shows the cash balance of the Capital Projects Funds: Capital Projects Fund Cash Position $1,000,000 $500,000 $- $(500,000) $(1,000,000) $(1,500,000) $(2,000,000) $(2,500,000) 2022 2023 2024 Capital Projects Fund $893,451 $(2,314,662) $611,623 This fund is a combination of over 30 individual capital project funds. Some of these funds have negative balances totaling $4,374,975 that is offset by capital project funds that have positive balances of $4,986,598. We recommend monitoring this fund and closing out capital project funds that are completed and resolving negative balances. 13