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

City of Tiffin Statement of Cash Receipts, Disbursements, and Changes in Cash Fund Balances - Governmental Funds Year Ended June 30, 2024 Special Revenue LOST - Road Use Tax Employee Assessment General (110) Benefits (112) Reduction (121) Receipts General property taxes $ 2,392,306 $ - $ 243,929 $ - Tax increment - - - - Commercial and industrial tax replacement 11,114 - - - Other city tax 10,503 - - 344,643 Special assessments - - - - Licenses and permits 531,886 - - - Intergovernmental 227,664 637,332 - - Charges for services 105,688 - - - Use of money and property 78,957 - - - Miscellaneous 95,641 354 - - Total receipts 3,453,759 637,686 243,929 344,643 Disbursements Current General government 1,000,009 - 56,029 - Public safety 958,318 - 113,719 - Public works 1,050 792,454 82,870 - Community and economic development 71,318 - 61 - Culture and recreation 507,846 - 50,992 - Debt service Principal - - - - Interest and fiscal charges - - - - Capital outlay Public safety 675,358 - - - Public works - - - - Community and economic development - - - - Culture and recreation 98,916 - - - Total disbursements 3,312,815 792,454 303,671 - Excess of receipts over (under) disbursements 140,944 (154,768) (59,742) 344,643 Other Financing Sources (Uses) Bond issuance - - - - Bond premium - - - - Transfers in 13,900 154,732 - - Transfers out (323,784) - - (55,598) Total other financing sources (uses) (309,884) 154,732 - (55,598) Net change in cash fund balances (168,940) (36) (59,742) 289,045 Cash Fund Balances Beginning of year 5,791,649 154,826 245,421 55,598 End of year $ 5,622,709 $ 154,790 $ 185,679 $ 344,643 See notes to basic financial statements. 12