I-1 - Preliminary Official Statement - UR Loan Agreement

10/21/21, 2:34 PM Local Government Property Valuation System STATE OF IOWA 2020 16205200900000 FINANCIAL REPORT CITY OF TIFFIN FISCAL YEAR ENDED POBox259 TIFFIN IA 52340-0259 JUNE 30, 2020 POPULATION: 1947 CITY OF TIFFIN, IOWA DUE: December 1, 2020 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 2,005,716 2,005,716 2,174,215 Less: Uncollected Property Taxes-Levy Year 0 0 0 Net Current Property Taxes 2,005,716 2,005,716 2,174,215 Delinquent Property Taxes 0 0 0 TIF Revenues 1,140,388 1,140,388 1,443,875 Other City Taxes 0 0 0 66,768 Licenses and Permits 349,037 0 349,037 402,330 Use of Money and Property 46,298 1,761 48,059 50,900 Intergovernmental 1,485,262 0 1,485,262 745,163 Charges for Fees and Service 15,009 2,048,426 2,063,435 2,315,500 Special Assessments 0 0 0 0 Miscellaneous 18,927 0 18,927 65,100 Other Financing Sources 4,443,750 711 ,098 5,154,848 6,268,345 Transfers In 1,633,382 575,520 2,208,902 2,41 7,991 Total Revenues and Other Sources 11 ,137,769 3,336,805 14,474,574 15,950,187 Expenditures and Other Financing Uses Public Safety 527,534 527,534 578,093 Public Works 465,579 465,579 424,412 Health and Social Services 0 0 0 Culture and Recreation 243,149 243,149 416,444 Community and Economic Development 180,413 180,413 91 ,411 General Government 532,260 532,260 599,517 Debt Service 1,461,701 1,461,701 1,855,525 Capital Projects 6,952,084 6,952,084 5,075,000 Total Governmental Activities Expenditures 10,362,720 0 10,362,720 9,040,402 BUSINESS TYPE ACTIVITIES 3,138,027 3,138,027 3,635,349 Total All Expenditures 10,362,720 3,138,027 13,500,747 12,675,751 Other Financing Uses 0 0 0 Transfers Out 1,633,382 575,520 2,208,902 2,417,991 Total All Expenditures/and Other Financing Uses 11,996,102 3,713,547 15,709,649 15,093,742 Excess Revenues and Other Sources Over (Under) Expenditures/and Other Financing Uses -858,333 -376,742 -1,235,075 856,445 Beginning Fund Balance July 1, 2019 4,284,189 1,391 ,605 5,675,794 4,708,723 Ending Fund Balance June 30, 2020 3,425,856 1,014,863 4,440,719 5,565,168 NOTE - These balances do not include the following, which were not budgeted and are not available for city operations: Non-budgeted Internal Service Funds jPension Trust Funds rnvate Purpose Trust Funds jAgency Funds Indebtedness at June 30, 2020 Amount Indebtedness at June 30, 2020 Amount General Obligation Debt 237,750 Other Long-Term Debt 0 Revenue Debt 8,274,000 Short-Term Debt 0 TIF Revenue Debt 3,797,250 General Obligation Debt Limit 17,610,455 CERTIFICATION The forgoing report is correct to the best of my knowledge and belief Publication 11/26/2020 Sumature ot Preoarer Phone ~rinted name of Preparer Number Abigail Hora 3195452572 Date Signed Signature of Mavor or other Citv official (Name and Title) PLEASE PUBLISH TIDS PAGE ONLY https://dom-localgov.iowa.gov/afr-view-renderer?id=3074 1/10