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

City of Tiffin Budgetary Comparison Schedule of Receipts, Disbursements, and Changes in Balances- Budget and Actual (Cash basis) - All Governmental Funds and Proprietary Funds Year Ended June 30, 2024 Governmental Proprietary Funds Funds Actual Actual Total Receipts Property tax $ 3,416,958 $ - $ 3,416,958 Tax increment financing 1,877,507 - 1,877,507 Other city tax 355,146 - 355,146 Special assessments 11,331 - 11,331 Licenses and permits 531,886 - 531,886 Use of money and property 130,668 177,907 308,575 Intergovernmental 864,996 - 864,996 Charges for services 105,688 3,202,922 3,308,610 Miscellaneous 95,995 15,272 111,267 Total receipts 7,390,175 3,396,101 10,786,276 Disbursements Public safety 1,072,037 - 1,072,037 Public works 876,374 - 876,374 Culture and recreation 558,838 - 558,838 Community and economic development 150,774 - 150,774 General government 1,056,038 - 1,056,038 Debt service 2,702,997 510,212 3,213,209 Capital outlay 1,693,260 1,285,571 2,978,831 Business type activities - 2,140,776 2,140,776 Total disbursements 8,110,318 3,936,559 12,046,877 Excess (deficiency) of receipts over (under) disbursements (720,143) (540,458) (1,260,601) Debt issuance and other financing sources (uses), net 3,871,798 (25,400) 3,846,398 Excess (deficiency) of receipts and other financing sources over (under) disbursements and other financing uses 3,151,655 (565,858) 2,585,797 Balances beginning of year 5,329,348 3,198,222 8,527,570 Balances end of year $ 8,481,003 $ 2,632,364 $ 11,113,367 See notes to other information – budgetary reporting. 30