Resolution No. 2026-026 – A Resolution Approving the City of Tiffin Fiscal Year 2026-2027 Annual Budget — I.1 (G.1)

AGENDA ITEM # G-1, I-1 AGENDA INFORMATION TIFFIN CITY COUNCIL COMMUNICATION DATE: April 17, 2026 AGENDA ITEM: Resolution No. 2026-026 – A Resolution Approving the City of Tiffin Fiscal Year 2026-2027 Annual Budget ACTION: Motion Background Iowa law requires cities to adopt and certify an annual operating budget prior to the start of the fiscal year on July 1. The City Council must hold a public hearing on the proposed budget and then adopt a resolution approving the final budget and certifying the City’s tax levy to the Iowa Department of Management and the Johnson County Auditor. Resolution No. 2026-026 serves as the formal action to approve the City of Tiffin’s Fiscal Year 2026–2027 Annual Budget and associated Budget Certification forms. The FY 2026–2027 budget reflects continued growth in the City of Tiffin and supports the operational needs of the organization while complying with State levy limitations and budget requirements. Key highlights include: • Total City Levy Rate: o $11.79997 per $1,000 of taxable valuation for regular property o $3.00336 per $1,000 of taxable valuation for agricultural property • General Fund: The Consolidated General Fund Levy is set within State-imposed limits and supports core City services including public safety, public works, parks and recreation, general government, and community development. • No Increase in Levy Rate Due to Policy Changes: While total property taxes may change slightly due to valuation growth and debt obligations, the budget does not reflect an increase driven by new levy authority. • Debt Service: Debt service levies reflect adopted debt schedules for existing general obligation bonds and approved capital projects. • Enterprise Funds: Enterprise operations (water, sewer, landfill, and storm water) are funded primarily through user fees and are budgeted separately from the property tax–supported funds. All required notices were published in accordance with statutory requirements, including the Property Tax Levy hearing and the Budget Public Hearing. 1