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

NOTICE OF PUBLIC HEARING - AMENDMENT OF CURRENT BUDGET City of TIFFIN Fiscal Year July 1, 2025 - June 30, 2026 The City of TIFFIN will conduct a public hearing for the purpose of amending the current budget for fiscal year ending June 30, 2026 Meeting Date/Time: 5/19/2026 07:00 PM Contact: Abigail Hora Phone: (319) 545-2572 Meeting Location: Tiffin City Hall Council Chambers, 300 Railroad St, Tiffin, Iowa There will be no increase in taxes. Any residents or taxpayers will be heard for or against the proposed amendment at the time and place specified above. A detailed statement of: additional receipts, cash balances on hand at the close of the preceding fiscal year, and proposed disbursements, both past and anticipated, will be available at the hearing. Budget amendments are subject to protest. If protest petition requirements are met, the State Appeal Board will hold a local hearing. For more information, consult https://dom.iowa.gov/local-gov-appeals. Total Budget Current Total Budget After REVENUES & OTHER FINANCING SOURCES as Certified Amendment Current Amendment or Last Amended Taxes Levied on Property 1 4,377,904 0 4,377,904 Less: Uncollected Delinquent Taxes - Levy Year 2 0 0 0 Net Current Property Tax 3 4,377,904 0 4,377,904 Delinquent Property Tax Revenue 4 0 0 0 TIF Revenues 5 2,974,894 0 2,974,894 Other City Taxes 6 910,813 0 910,813 Licenses & Permits 7 469,959 0 469,959 Use of Money & Property 8 264,210 0 264,210 Intergovernmental 9 1,584,189 0 1,584,189 Charges for Service 10 3,746,950 0 3,746,950 Special Assessments 11 0 0 0 Miscellaneous 12 32,500 0 32,500 Other Financing Sources 13 18,000,000 0 18,000,000 Transfers In 14 3,004,639 0 3,004,639 Total Revenues & Other Sources 15 35,366,058 0 35,366,058 EXPENDITURES & OTHER FINANCING USES Public Safety 16 1,860,140 0 1,860,140 Public Works 17 1,189,867 60,000 1,249,867 Health and Social Services 18 0 0 0 Culture and Recreation 19 1,157,163 0 1,157,163 Community and Economic Development 20 1,227,107 0 1,227,107 General Government 21 728,624 1,241,866 1,970,490 Debt Service 22 3,440,685 2,290,213 5,730,898 Capital Projects 23 15,855,000 0 15,855,000 Total Government Activities Expenditures 24 25,458,586 3,592,079 29,050,665 Business Type/Enterprise 25 11,656,897 628,583 12,285,480 Total Gov Activities & Business Expenditures 26 37,115,483 4,220,662 41,336,145 Transfers Out 27 3,004,639 0 3,004,639 Total Expenditures/Transfers Out 28 40,120,122 4,220,662 44,340,784 Excess Revenues & Other Sources Over 29 -4,754,064 -4,220,662 -8,974,726 (Under) Expenditures/Transfers Out Beginning Fund Balance July 1, 2025 30 11,186,874 0 11,186,874 Ending Fund Balance June 30, 2026 31 6,432,810 -4,220,662 2,212,148 Explanation of Changes: Budget amendment to match our accounting software and transfer from local option sales tax to employee benefits. All expenses are covered by reserve funds. 05/08/2026 04:06 PM Page 1 of 1