Resolutions-2016-048

FINANCIAL CERTIFICATE: STATE OF IOWA COUNTY OF JOHNSON SS: CITY OF TIFFIN I, the undersigned, City Clerk of the City of Tiffin, Iowa (the "City"), do hereby certify that the City has no bonds or other obligations of any kind now outstanding which are secured by and payable from the revenues derived from the operation of the Utility, except as follows: <table> <tr> <th>Date</th> <th>Type</th> <th>Principal Amount Outstanding</th> <th>Maturity</th> </tr> <tr> <td>09-30-1999</td> <td>Sewer Revenue Bond</td> <td>$______________</td> <td>June 1, 2019</td> </tr> </table> (Attach here a separate sheet listing any other outstanding obligations of the City secured by and payable from the revenues of the Utility excluding the proposed issue.) I further certify that the annual earnings and annual operating expenses in connection with the operation of the Utility for each of the years indicated have been as follows: <table> <tr> <th>Fiscal Year Ending</th> <th>Gross Revenues</th> <th>Operation and Maintenance Expenses (do not include Bond Debt Service and Capital Expense Items)</th> <th>Net Revenues from Operation Before Payment of Capital Expenditures and Bond Debt Service</th> </tr> <tr> <td>2015</td> <td>$________</td> <td>$________</td> <td>$________</td> </tr> <tr> <td>2016</td> <td>$________</td> <td>$________</td> <td>$________</td> </tr> </table> I do further certify that the rates which were in effect for services furnished to customers by the Utility during the aforementioned fiscal years were as follows: (Attach here a copy of each of the rate schedules in effect during such fiscal years).