Discussion and Review of City of Tiffin FY 2025 Audit – BerganKDV

City of Tiffin Financial Analysis General Fund Receipts General Fund Receipts $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- 2022 2023 2024 2025 Intergovernmental $322,806 $385,710 $227,664 $171,414 Miscellaneous and Investment Income 100,349 226,858 174,598 391,234 Licenses, Permits, Charges and Fines 630,744 698,509 637,574 668,503 Taxes and Assessments 1,876,246 2,164,308 2,413,923 2,746,470 General Fund receipts totaled $3,977,621 in 2025. The main source of receipts for the City, property taxes, and other taxes receipts, increased $332,547 due to an increase in the levy. Charges for services receipts increased $93,695 due to first full year of library services. Use of money and property receipts increased $185,131 due to changing banks and receiving a higher interest rate. 9