WS - D - Tiffin FS - FY 2023

City of Tiffin Cash Basis Statement of Activities and Net Position Year Ended June 30, 2023 Primary Government Governmental Business Type Activities Activities Total Cash Basis Net Position Restricted Expendable Streets $ 154,826 $ - $ 154,826 Capital projects 1,881,445 642,677 2,524,122 Tax increment financing 1,256,508 - 1,256,508 Unspent grant funds 675,840 - 675,840 Employee benefits 245,421 - 245,421 Assessment reduction 55,598 - 55,598 Debt service 85,734 - 85,734 Utility deposits - 39,465 39,465 Unrestricted 973,976 2,516,080 3,490,056 Total cash basis net position $ 5,329,348 $ 3,198,222 $ 8,527,570 See notes to basic financial statements. 9