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

City of Tiffin Statement of Cash Receipts, Disbursements, and Changes in Cash Balances - Proprietary Funds Year Ended June 30, 2024 Enterprise Funds Water Sewer Storm Water (600-608) (610-618) Recycling (670) (740) Total Operating Receipts Charges for services $ 1,285,043 $ 1,325,676 $ 480,207 $ 111,996 $ 3,202,922 Miscellaneous 12,302 2,970 - - 15,272 Total operating receipts 1,297,345 1,328,646 480,207 111,996 3,218,194 Operating Disbursements Business Miscellaneous type activities expenses 949,823 658,916 465,391 66,646 2,140,776 Excess of operating receipts over operating disbursements 347,522 669,730 14,816 45,350 1,077,418 Nonoperating Receipts (Disbursements) Use of money and property 177,907 - - - 177,907 Debt service - (510,212) - - (510,212) Capital projects (744,108) (541,463) - - (1,285,571) Total nonoperating (566,201) (1,051,675) - - (1,617,876) receipts (disbursements) Excess of reciepts over (under) disbursements (218,679) (381,945) 14,816 45,350 (540,458) Other Financing Sources (Uses) Transfers in 88,000 - - - 88,000 Transfers out (113,400) - - - (113,400) Total other financing sources (uses) (25,400) - - - (25,400) Change in cash balances (244,079) (381,945) 14,816 45,350 (565,858) Cash Balances Beginning of year 1,758,986 890,854 125,123 423,259 3,198,222 End of year $ 1,514,907 $ 508,909 $ 139,939 $ 468,609 $ 2,632,364 Cash Basis Fund Balances Restricted for Capital projects $ - $ 161,093 $ - $ - $ 161,093 Utility deposits 83,770 - - - 83,770 Unrestricted 1,431,137 347,816 139,939 468,609 2,387,501 Total cash basis fund balances $ 1,514,907 $ 508,909 $ 139,939 $ 468,609 $ 2,632,364 See notes to basic financial statements. 16