Resolutions-2011-56 (3)

STATE OF IOWA 2010 16205200900000 FINANCIAL REPORT TIFFIN FISCAL YEAR ENDED CITY OF TIFFIN JUNE 30, 2010 201 MAIN STREET PO BOX 259 TIFFIN, IOWA 52340 CITY OF TIFFIN , IOWA Please correct any error in name, address, and ZIP Code) WHEN David A. Vaudt, CPA COMPLETED, Auditor of State NOTE - The information supplied in this report will be shared by the Iowa PLEASE State Capitol Building State Auditor' s Office, the U. S. Bureau of the Census, various public interest RETURN TO Des Moines, IA 50319 - 0004 groups, and State and federal agencies. ALL FUNDS Item Description Gownme Md Proprietary Total actual Budget a) b) c) d) Revenue and Other Financing Sources Taxes levied Property tax 314, 684 314, 684 312111 Less: Uncollected property taxes -levy year 0 0 0 Net current property taxes 314, 684 314,684 312, 111 Delinquent property taxes 236 236 0 TIF revenues 1, 223 293 1223, 293 1, 233, 316 Other city taxes 194, 279 0 194, 279 209, 641 Licenses and permits 0 34, 222 34, 222 60, 000 Use of money and property 0 36, 130 36, 130 60, 000 Intergovernmental 958, 991 0 958, 991 978, 695 Charges for fees and service 0 794, 174 794, 174 727,000 Special assessments 0 0 0 Miscellaneous 0 9, 214 9, 214 19, 000 Other financing sources 0 0 0 124, 000 Total revenues and other sources 2, 691, 483 873, 740 3, 565, 223 3, 723, 763 Expenditures and Other Financing Uses Public safety 112, 973 34, 675 147, 648 155, 710 Public works 277, 885 0 277, 885 280, 738 Health and social services 0 0 0 0 Culture and recreation 61, 409 38, 126 99, 535 153, 000 Community and economic development 15, 944 26, 739 42, 683 55, 000 General government 143, 832 0 143, 832 169, 500 Debt service 208, 597 0 208, 597 119, 749 Capital projects 2, 007, 893 0 2, 007, 893 1, 516, 020 Total government activities expenditures 2, 828, 533 99,540 2, 928, 073 2, 449, 717 Business type / enterprises 0 709, 364 709, 364 839, 000 Total ALL expenditures 2, 828, 533 709, 364 3, 537,897 3, 288, 717 Other financing uses, including transfers out 0 0 0 124, 000 Total ALL expenditures/ And other financing sources 2, 828, 533 709, 364 3, 537,897 3, 412, 717 Excess revenues and other sources over Under) Expenditures/ And other financing uses 137, 050 164, 376 27, 326 311, 046 Beginning fund balance July 1, 2009 956, 513 809, 319 1, 765, 832 Ending fund balance June 30, 2010 819, 463 973, 695 1, 793, 158 311, 046 Not - These Cal 0 held in ran -budgeted it tsmal service funds; 0 held in Pe 0 held in Private Purpose Trust fux 0 held in agency funds which were not budgeted and are not available for city operations. Indebtedness at June 30, 2010 Amount - Omit cents Indebtedness at June 30, 2010 Amount - Omit cents General obligation debt 755, 417 Other long -term debt 0 Revenue debt 529, 000 Short- term debt 19, 909 TIF Revenue debt 936, 000 General obligation debt limit 6, 218, 002 CERTIFICATION THE FOREGOING REPORT IS CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF Printed name of city clerk Area Code Number Extension Ruth Demuth Telephone 319 545 -2572 Signature of Mayor of other City official ( Name and Title) Date signed Royce W. Phillips, Mayor fo Tiffin February 13, 2011