L-3 - Annual Financial Report FY 2023

11/15/23, 9:48 AM Local Government Property Valuation System STATE OF IOWA 2023 16205200900000 FINANCIAL REPORT CITY OF TIFFIN FISCAL YEAR ENDED PO Box 259 TIFFIN IA 52340-0259 JUNE 30, 2023 POPULATION: 4512 CITY OF TIFFIN, IOWA DUE: December 1, 2023 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 3,033,773 3,033,773 2,951,446 Less: Uncollected Property Taxes-Levy Year 0 0 0 Net Current Property Taxes 3,033,773 3,033,773 2,951,446 Delinquent Property Taxes 0 0 0 TIF Revenues 1,653,892 1,653,892 1,658,308 Other City Taxes 7,960 0 7,960 78,719 Licenses and Permits 511,421 0 511,421 412,212 Use of Money and Property 396,327 0 396,327 45,625 Intergovernmental 740,021 0 740,021 569,527 Charges for Fees and Service 231,911 2,992,329 3,224,240 2,839,950 Special Assessments 0 0 0 0 Miscellaneous 239,770 28,485 268,255 81,200 Other Financing Sources 1,826,926 618,639 2,445,565 100,000 Transfers In 1,599,715 618,639 2,218,354 2,361,150 Total Revenues and Other Sources 8,642,001 3,639,453 12,281,454 11,098,137 Expenditures and Other Financing Uses Public Safety 1,050,622 1,050,622 1,156,909 Public Works 574,221 574,221 1,011,021 Health and Social Services 0 0 0 Culture and Recreation 632,660 632,660 640,653 Community and Economic Development 121,360 121,360 132,916 General Government 687,733 687,733 663,991 Debt Service 2,166,349 2,166,349 3,732,362 Capital Projects 3,474,232 3,474,232 3,933,000 Total Governmental Activities Expenditures 8,707,177 0 8,707,177 11,270,852 BUSINESS TYPE ACTIVITIES 3,535,418 3,535,418 2,981,572 Total All Expenditures 8,707,177 3,535,418 12,242,595 14,252,424 Other Financing Uses 1,687,715 530,639 2,218,354 Transfers Out 1,687,715 530,639 2,218,354 2,361,150 Total All Expenditures/and Other Financing Uses 10,394,892 4,066,057 14,460,949 16,613,574 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses -1,752,891 -426,604 -2,179,495 -5,515,437 Beginning Fund Balance July 1, 2022 7,165,031 3,609,951 10,774,982 7,409,364 Ending Fund Balance June 30, 2023 5,412,140 3,183,347 8,595,487 1,893,927 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, 2023 Amount Indebtedness at June 30, 2023 Amount General Obligation Debt 18,755,000 Other Long-Term Debt 0 Revenue Debt 7,056,824 Short-Term Debt 0 TIF Revenue Debt 0 General Obligation Debt Limit 27,067,540 CERTIFICATION The forgoing report is correct to the best of my knowledge and belief Publication 11/21/2023 Signature of Preparer Printed name of Preparer Phone Number Date Signed Signature of Mayor or other City official (Name and Title) PLEASE PUBLISH THIS PAGE ONLY https://dom-localgov.iowa.gov/afr?id=7632 1/11