L-3 - 2024 AFR Full

11/13/24, 1:23 PM Local Government Property Valuation System STATE OF IOWA 2024 16205200900000 FINANCIAL REPORT CITY OF TIFFIN FISCAL YEAR ENDED PO Box 259 TIFFIN IA 52340-0259 JUNE 30, 2024 POPULATION: 4512 CITY OF TIFFIN, IOWA DUE: December 1, 2024 NOTE - The information supplied in this report will be shared by the Iowa State Auditor's Office, the U.S. Census Bureau, various public interest groups, and State and federal agencies. ALL FUNDS Governmental (a) Proprietary (b) Total Actual (c) Budget (d) Revenues and Other Financing Sources Taxes Levied on Property 3,413,438 3,413,438 3,261,821 Less: Uncollected Property Taxes-Levy Year 0 0 0 Net Current Property Taxes 3,413,438 3,413,438 3,261,821 Delinquent Property Taxes 0 0 0 TIF Revenues 1,877,507 1,877,507 1,874,666 Other City Taxes 355,146 0 355,146 79,681 Licenses and Permits 531,885 0 531,885 414,469 Use of Money and Property 208,272 122,050 330,322 192,769 Intergovernmental 762,942 0 762,942 1,211,648 Charges for Fees and Service 208,114 3,202,920 3,411,034 3,036,829 Special Assessments 0 0 0 0 Miscellaneous 71,142 15,272 86,414 87,700 Other Financing Sources 3,793,560 0 3,793,560 6,950,000 Transfers In 2,154,804 598,207 2,753,011 3,027,734 Total Revenues and Other Sources 13,376,810 3,938,449 17,315,259 20,137,317 Expenditures and Other Financing Uses Public Safety 1,125,827 1,125,827 1,156,909 Public Works 878,716 878,716 1,011,021 Health and Social Services 0 0 0 Culture and Recreation 656,937 656,937 740,653 Community and Economic Development 150,772 150,772 255,940 General Government 1,062,395 1,062,395 1,693,991 Debt Service 2,638,828 2,638,828 4,434,965 Capital Projects 1,539,585 1,539,585 3,933,000 Total Governmental Activities Expenditures 8,053,060 0 8,053,060 13,226,479 BUSINESS TYPE ACTIVITIES 3,938,881 3,938,881 4,653,112 Total All Expenditures 8,053,060 3,938,881 11,991,941 17,879,591 Other Financing Uses 0 0 0 Transfers Out 2,154,804 598,207 2,753,011 3,027,734 Total All Expenditures/and Other Financing Uses 10,207,864 4,537,088 14,744,952 20,907,325 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses 3,168,946 -598,639 2,570,307 -770,008 Beginning Fund Balance July 1, 2023 201,286 3,239,199 3,440,485 5,106,012 Ending Fund Balance June 30, 2024 3,370,232 2,640,560 6,010,792 4,336,004 NOTE - These balances do not include the following, which were not budgeted and are not available for city operations: Non-budgeted Internal Service Funds Pension Trust Funds Private Purpose Trust Funds Agency Funds Indebtedness at June 30, 2024 Amount Indebtedness at June 30, 2024 Amount General Obligation Debt 20,155,000 Other Long-Term Debt 0 Revenue Debt 6,630,236 Short-Term Debt 0 TIF Revenue Debt 0 General Obligation Debt Limit 30,239,133 CERTIFICATION The forgoing report is correct to the best of my knowledge and belief Publication Signature of Preparer Printed name of Preparer Phone Number Date Signed Signature of Mayor or Mayor Pro Tem (Name and Title) PLEASE PUBLISH THIS PAGE ONLY https://dom-localgov.iowa.gov/afr?id=8770 1/11