Resolution No. 2026-034 – A Resolution Approving the FY 2025-2026 Budget Amendment — I.1 (G.1)

AGENDA ITEM # G-1, I-1 AGENDA INFORMATION TIFFIN CITY COUNCIL COMMUNICATION DATE: May 15, 2026 AGENDA ITEM: Resolution No. 2026-034 – Resolution Approving the City of Tiffin FY 2025-2026 Budget Amendment ACTION: Motion Background The City of Tiffin is required to adopt and certify an annual budget in accordance with State of Iowa Department of Management requirements. Periodically, amendments to the adopted budget are necessary to ensure compliance with state budget laws and to reflect updated revenue and expenditure projections. Staff has identified the need to amend the Fiscal Year 2025–2026 budget to remain within the State’s required budgetary thresholds and to accurately reflect current financial conditions. The proposed budget amendment ensures that the City continues to meet statutory requirements set by the Iowa Department of Management. Amendments are a standard and necessary process when actual or anticipated expenditures and revenues differ from the original adopted budget. Approval of this amendment will: • Maintain compliance with Iowa budget law • Incorporate updated financial projections • Acknowledge the finalized Budget Amendment Notice submitted to the State The attached resolution formally adopts these changes and authorizes submission to the Iowa Department of Management and the Johnson County Auditor. Recommendation Staff recommends approval of Resolution No. 2026-034, approving the FY 2025–2026 budget amendment. ATTACHMENTS: Resolution 1