Discussion and Review of FY 2026-2027 Budget

City of Tiffin Statement of Cash Receipts, Disbursements, and Changes in Cash Fund Balances - Governmental Funds Year Ended June 30, 2025 Special Revenue LOST - Road Use Tax Employee Assessment General (110) Benefits (112) Reduction (121) Receipts General property taxes $ 2,701,353 $ - $ 207,982 $ - Tax increment - - - - Commercial and industrial tax replacement 25,933 - - - Other city tax 19,184 - - 951,951 Licenses and permits 469,120 - - - Intergovernmental 171,414 640,791 - - Charges for services 199,383 - - - Use of money and property 264,088 - - - Miscellaneous 127,146 410 - - Total receipts 3,977,621 641,201 207,982 951,951 Disbursements Current General government 637,676 - 67,476 - Public safety 1,255,314 - 128,879 - Public works 62,198 804,474 88,276 - Community and economic development 196,464 - 49 - Culture and recreation 621,853 - 70,558 - Debt service Principal - - - - Interest and fiscal charges - - - - Capital outlay Public safety 299,195 - - - Public works - - - - Community and economic development - - - - Culture and recreation 55,984 - - - Total disbursements 3,128,684 804,474 355,238 - Excess of receipts over (under) disbursements 848,937 (163,273) (147,256) 951,951 Other Financing Sources (Uses) Sale of capital asset 5,000 26,000 - - Bond issuance - - - - Bond premium - - - - Transfers in - 115,290 200,000 - Transfers out (160,290) - - (300,662) Total other financing sources (uses) (155,290) 141,290 200,000 (300,662) Net change in cash fund balances 693,647 (21,983) 52,744 651,289 Cash Fund Balances Beginning of year 5,622,709 154,790 185,679 344,643 End of year $ 6,316,356 $ 132,807 $ 238,423 $ 995,932 See notes to basic financial statements. 12