WS - C - City of Tiffin 2024 - Auditor's Report - Final

City of Tiffin Cash Basis Statement of Activities and Net Position Year Ended June 30, 2024 Program Receipts Operating Capital Grants Charges for Grants and and Functions/Programs Disbursements Service Contributions Contributions Governmental activities General government $ 1,056,038 $ 57,342 $ 8,719 $ - Public safety 1,072,037 475,401 - 249,969 Public works 876,374 180 637,332 11,505 Culture and recreation 558,838 155,481 - 398 Community and economic development 151,174 13,250 - - Debt service 2,702,997 - - - Capital projects 1,692,860 - - - Total governmental activities 8,110,318 701,654 646,051 261,872 Business-type activities Water 1,693,931 1,285,043 12,302 - Sewer 1,710,591 1,325,676 2,970 - Recycling 465,391 480,207 - - Stormwater management 66,646 111,996 - - Total business-type activities 3,936,559 3,202,922 15,272 - Total primary government $ 12,046,877 $ 3,904,576 $ 661,323 $ 261,872 General receipts Property and other city tax levied for General purposes Debt service Other purposes Commerical/industrial tax replacement Tax increment financing Local option sales tax Use of money and property Miscellaneous Transfers Proceeds from long-term debt Total general receipts Change in cash basis net position Cash basis net position beginning of year Cash basis net position end of year See notes to basic financial statements. 8