WS - D - Tiffin CL - FY 2023

City of Tiffin Financial Analysis Enterprise Funds (Continued) The following graph illustrates the total cash and cash equivalents for the Enterprise Funds: Enterprise Fund Cash Position $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2022 2023 Water Fund $2,302,899 $1,758,986 Sewer Fund 821,378 890,854 Storm Water Fund 349,387 423,259 Recycling Fund 151,047 125,123 The Water Fund cash balances decreased $543,913 to an ending balance of $1,758,986. Of this amount $39,465 is restricted for utility deposits. Unrestricted cash balance, available for spending, is $1,719,521. Cash balances decreased related to well projects, additional capital project, and spending bond proceeds from previous years. The Sewer Fund cash balances increased $69,476 to an ending balance of $890,854. Of this amount $642,677 is restricted for Capital projects related to unspent bond proceeds. Unrestricted cash balance, available for spending, is $248,177. The Storm Water Fund cash balances increased $73,872 to an ending balance of $423,259. The Recycling Fund cash balances decreased $25,924 to an ending balance of $125,123. Cash balances decreased due to a timing difference related to the garbage contract payments. 12