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 Primary Government Governmental Business Type Activities Activities Total Cash Basis Net Position Restricted Expendable Streets $ 154,790 $ - $ 154,790 Capital projects 4,986,598 161,093 5,147,691 Tax increment financing 1,408,158 - 1,408,158 Unspent grant funds 54,274 - 54,274 Employee benefits 185,679 - 185,679 Assessment reduction 344,643 - 344,643 Debt service 99,127 - 99,127 Utility deposits - 83,770 83,770 Unrestricted 1,247,734 2,387,501 3,635,235 Total cash basis net position $ 8,481,003 $ 2,632,364 $ 11,113,367 See notes to basic financial statements. 11