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

4/16/26, 4:04 PM Local Government Property Valuation System NOTICE OF PUBLIC HEARING -- PROPOSED BUDGET Fiscal Year July 1, 2026 - June 30, 2027 City of: TIFFIN The City Council will conduct a public hearing on the proposed Budget at: Tiffin City Hall. 300 Railroad Street, Tiffin, Iowa Meeting Date: 4/21/2026 Meeting Time: 07:00 PM At the public hearing any resident or taxpayer may present objections to, or arguments in favor of , any part of the proposed budget. This notice represents a summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor. City budgets 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-budget-appeals. The Budget Estimate Summary of proposed receipts and expenditures is shown below. Copies of the the detailed proposed Budget may be obtained or viewed at the offices of the Mayor, City Clerk, and at the Library. The estimated Total tax levy rate per $1000 valuation on regular property 11.79997 The estimated tax levy rate per $1000 valuation on Agricultural property is 3.00336 At the public hearing, any resident or taxpayer may present objections to, or arguments in favor of, any part of the proposed budget. Phone Number City Clerk/Finance Officer's NAME (319) 545-2572 Abigail Hora Budget FY Re-estimated FY Actual FY 2027 2026 2025 Revenues & Other Financing Sources Taxes Levied on Property 1 4,741,480 4,377,904 3,944,248 Less: Uncollected Property Taxes-Levy Year 2 0 0 0 Net Current Property Taxes 3 4,741,480 4,377,904 3,944,248 Delinquent Property Taxes 4 0 0 0 TIF Revenues 5 3,202,159 2,974,894 2,032,604 Other City Taxes 6 965,309 910,813 971,136 Licenses & Permits 7 477,546 469,959 469,119 Use of Money and Property 8 299,408 264,210 412,595 Intergovernmental 9 1,210,966 1,584,189 808,833 Charges for Fees & Service 10 4,208,300 3,746,950 3,708,164 Special Assessments 11 0 0 0 Miscellaneous 12 33,000 32,500 944,552 Other Financing Sources 13 5,250,000 21,910,024 5,445,032 Transfers In 14 3,453,796 2,676,056 2,728,672 Total Revenues and Other Sources 15 23,841,964 38,947,499 21,464,955 Expenditures & Other Financing Uses Public Safety 16 2,486,935 1,862,340 1,681,309 Public Works 17 1,290,367 1,188,367 955,769 Health and Social Services 18 0 0 0 Culture and Recreation 19 1,028,717 1,157,163 757,029 Community and Economic Development 20 1,464,297 1,227,107 659,004 General Government 21 810,726 728,624 718,811 Debt Service 22 4,238,754 3,110,918 2,846,488 Capital Projects 23 5,635,000 7,000,000 4,746,473 Total Government Activities Expenditures 24 16,954,796 16,274,519 12,364,883 Business Type / Enterprises 25 8,534,929 11,656,897 4,144,129 Total ALL Expenditures 26 25,489,725 27,931,416 16,509,012 Transfers Out 27 3,453,796 2,676,056 2,728,672 Total ALL Expenditures/Transfers Out 28 28,943,521 30,607,472 19,237,684 Excess Revenues & Other Sources Over 29 -5,101,557 8,340,027 2,227,271 (Under) Expenditures/Transfers Out Beginning Fund Balance July 1 30 21,629,246 13,289,219 11,061,948 Ending Fund Balance June 30 31 16,527,689 21,629,246 13,289,219 https://dom-localgov.iowa.gov/budget-renderer?id=24944 20/20