I-1 - Preliminary Official Statement - UR Loan Agreement

3/23/22, 8:48 AM Local Government Property Valuation System STATE OF IOWA 2021 16205200900000 FINANCIAL REPORT CITY OF TIFFIN FISCAL YEAR ENDED PO Box 259 TIFFIN IA 52340-0259 JUNE 30, 2021 POPULATION: 4512 CITY OF TIFFIN, IOWA DUE: December 1, 2021 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 2,255,773 2,255,773 2,174,215 Less: Uncollected Property Taxes-Levy Year 0 0 0 Net Current Property Taxes 2,255,773 2,255,773 2,174,215 Delinquent Property Taxes 0 0 0 TIF Revenues 1,500,572 1,500,572 1,443,875 Other City Taxes 2,067 0 2,067 66,768 Licenses and Permits 583,919 0 583,919 402,330 Use of Money and Property 73,160 241 73,401 50,900 Intergovernmental 490,541 0 490,541 745,163 Charges for Fees and Service 73,321 2,431,165 2,504,486 2,315,500 Special Assessments 0 0 0 0 Miscellaneous 95,614 27,244 122,858 65,100 Other Financing Sources 4,416,748 1,756,735 6,173,483 6,268,345 Transfers In 1,340,322 558,617 1,898,939 2,417,991 Total Revenues and Other Sources 10,832,037 4,774,002 15,606,039 15,950,187 Expenditures and Other Financing Uses Public Safety 585,265 585,265 593,093 Public Works 483,604 483,604 489,412 Health and Social Services 0 0 0 Culture and Recreation 388,317 388,317 416,444 Community and Economic Development 125,258 125,258 91,411 General Government 470,483 470,483 599,517 Debt Service 1,917,614 1,917,614 1,855,525 Capital Projects 2,075,673 2,075,673 5,075,000 Total Governmental Activities Expenditures 6,046,214 0 6,046,214 9,120,402 BUSINESS TYPE ACTIVITIES 2,384,134 2,384,134 3,635,349 Total All Expenditures 6,046,214 2,384,134 8,430,348 12,755,751 Other Financing Uses 0 0 0 Transfers Out 1,340,322 558,617 1,898,939 2,417,991 Total All Expenditures/and Other Financing Uses 7,386,536 2,942,751 10,329,287 15,173,742 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses 3,445,501 1,831,251 5,276,752 776,445 Beginning Fund Balance July 1, 2020 3,425,856 1,014,863 4,440,719 4,708,723 Ending Fund Balance June 30, 2021 6,871,357 2,846,114 9,717,471 5,485,168 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, 2021 Amount Indebtedness at June 30, 2021 Amount General Obligation Debt 16,647,287 Other Long-Term Debt 0 Revenue Debt 7,877,469 Short-Term Debt 0 TIF Revenue Debt 0 General Obligation Debt Limit 20,394,942 CERTIFICATION The forgoing report is correct to the best of my knowledge and belief Publication 11/26/2021 Signature of Preparer Printed name of Preparer Phone Number Abigail Hora 3195452572 Date Signed 11/18/2021 Signature of Mayor or other City official (Name and Title) PLEASE PUBLISH THIS PAGE ONLY https://dom-localgov.iowa.gov/afr-view-renderer?id=5354 1/11